Should I buy or sell MakeMyTrip stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MakeMyTrip in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MMYT shares. View MMYT analyst ratings or view top-rated stocks .

What is MakeMyTrip's stock price target for 2024?

2 equities research analysts have issued 12-month price objectives for MakeMyTrip's shares. Their MMYT share price targets range from $45.00 to $60.00. On average, they anticipate the company's stock price to reach $52.50 in the next twelve months. This suggests that the stock has a possible downside of 16.4%. View analysts price targets for MMYT or view top-rated stocks among Wall Street analysts .

How have MMYT shares performed in 2024?

MakeMyTrip's stock was trading at $46.98 on January 1st, 2024. Since then, MMYT stock has increased by 33.7% and is now trading at $62.81. View the best growth stocks for 2024 here .

When is MakeMyTrip's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 21st 2024. View our MMYT earnings forecast .

How were MakeMyTrip's earnings last quarter?

MakeMyTrip Limited (NASDAQ:MMYT) posted its earnings results on Tuesday, January, 23rd. The technology company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.23 by $0.05. The technology company had revenue of $214.22 million for the quarter, compared to analyst estimates of $210.01 million. MakeMyTrip had a net margin of 6.93% and a trailing twelve-month return on equity of 10.13%.

What ETFs hold MakeMyTrip's stock?

ETFs with the largest weight of MakeMyTrip (NASDAQ:MMYT) stock in their portfolio include India Internet & Ecommerce ETF (INQQ) , Amplify Travel Tech ETF (AWAY) , Invesco Leisure and Entertainment ETF (PEJ) , First Trust BICK Index Fund (BICK) , OneAscent Emerging Markets ETF (OAEM) , Clough Select Equity ETF (CBSE) , Franklin Disruptive Commerce ETF (BUYZ) and VanEck Digital India ETF (DGIN) .

What is Deep Kalra and Rajesh Magow's approval rating as MakeMyTrip's CEO?

144 employees have rated MakeMyTrip Chief Executive Officer Deep Kalra and Rajesh Magow on Glassdoor.com . Deep Kalra and Rajesh Magow has an approval rating of 96% among the company's employees. This puts Deep Kalra and Rajesh Magow in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of MakeMyTrip own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MakeMyTrip investors own include NVIDIA (NVDA) , Okta (OKTA) , Alibaba Group (BABA) , Baidu (BIDU) , Baozun (BZUN) , JD.com (JD) , Shopify (SHOP) , Trade Desk (TTD) , MongoDB (MDB) and Netflix (NFLX) .

Who are MakeMyTrip's major shareholders?

MakeMyTrip's stock is owned by many different retail and institutional investors. Top institutional shareholders include Harbour Capital Advisors LLC (0.02%), Banque Cantonale Vaudoise (0.02%), Perpetual Ltd (0.01%) and Confluence Investment Management LLC (0.01%).

How do I buy shares of MakeMyTrip?

Shares of MMYT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does MakeMyTrip have any subsidiaries?

The following companies are subsidiares of MakeMyTrip: Ibibo Group Holdings (Singapore) Pte. Ltd., Ibibo Group Private Limited, and MakeMyTrip (India) Private Limited. Read More

NASDAQ:MMYT

MakeMyTrip (MMYT) Stock Price, News & Analysis

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Free MMYT Stock Alerts

$62.81

-0.77 (-1.21%)

(As of 04/17/2024 ET)

Compare

Today's Range: $62.59
▼
$65.38
50-Day Range: $56.78
▼
$75.97
52-Week Range: $22.50
▼
$77.30

Volume: 603,539 shs
Average Volume: 775,641 shs
Market Capitalization: $6.67 billion

P/E Ratio: 136.54
Dividend Yield: N/A
Price Target: $52.50

Get MakeMyTrip alerts:

MakeMyTrip MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 16.4% Downside
$52.50 Price Target
Short Interest: Bearish
3.84% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.74
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 39.29%
From $0.84 to $1.17 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.01 out of 5 stars

Computer And Technology Sector

529th out of 582 stocks

Transportation Services Industry

13th out of 15 stocks

1.3

Analyst's Opinion

Consensus Rating
MakeMyTrip has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
MakeMyTrip has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.84% of the outstanding shares of MakeMyTrip have been sold short.
Short Interest Ratio / Days to Cover
MakeMyTrip has a short interest ratio ("days to cover") of 5.1.
Change versus previous month
Short interest in MakeMyTrip has recently increased by 6.53%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
MakeMyTrip does not currently pay a dividend.
Dividend Growth
MakeMyTrip does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MMYT.

2.6

News and Social Media Coverage

News Sentiment
MakeMyTrip has a news sentiment score of 0.74. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.48 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for MakeMyTrip this week, compared to 3 articles on an average week.
Search Interest
Only 6 people have searched for MMYT on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.
MarketBeat Follows
Only 10 people have added MakeMyTrip to their MarketBeat watchlist in the last 30 days. This is a decrease of -38% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MakeMyTrip insiders have not sold or bought any company stock.
Percentage Held by Insiders
10.30% of the stock of MakeMyTrip is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
51.89% of the stock of MakeMyTrip is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for MakeMyTrip are expected to grow by 39.29% in the coming year, from $0.84 to $1.17 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MakeMyTrip is 136.54, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 133.23.
Price to Earnings Ratio vs. Sector
The P/E ratio of MakeMyTrip is 136.54, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 213.84.
Price to Book Value per Share Ratio
MakeMyTrip has a P/B Ratio of 7.61. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About MakeMyTrip Stock (NASDAQ:MMYT)

MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. Its services and products include air tickets; hotels and packages; rail tickets; bus tickets; and car hire, as well as ancillary travel requirements, such as visa processing and facilitating access to travel insurance. The company allows travelers to research, plan, book, and purchase travel services and products through its websites, such as makemytrip.com, goibibo.com, redbus.in, makemytrip.com.sg, and makemytrip.ae; and other technology-enhanced distribution channels, such as call centers, travel stores, and travel agents network, as well as mobile service platform. The company serves leisure and corporate travelers. MakeMyTrip Limited was incorporated in 2000 and is based in Gurugram, India.

MMYT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MMYT Stock News Headlines

April 18, 2024 | investorplace.com

7 Under-The-Radar Growth Stocks to Buy for Multibagger Returns by 2030

April 17, 2024 | msn.com

MakeMyTrip (MMYT) Price Target Increased by 7.09% to 66.75

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April 16, 2024 | markets.businessinsider.com

Makemytrip’s Positive Traffic Trends and Stable Financial Outlook Merit Buy Rating

April 16, 2024 | nasdaq.com

Validea Detailed Fundamental Analysis - MMYT

April 11, 2024 | skift.com

MakeMyTrip Introduces Exclusive Mumbai-Bhutan Charter Services – India Report

April 10, 2024 | investorplace.com

7 Must-Buy Growth Stocks That are Blue-Chips in the Making

April 10, 2024 | finance.yahoo.com

MakeMyTrip (NASDAQ:MMYT) Is Experiencing Growth In Returns On Capital

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Short-Selling Bonanza: 3 Overhyped Tech Stocks to Bet Against

April 4, 2024 | msn.com

Delhi HC Dismisses PIL Against These Travel Companies Amid Data Security Concerns Raised By Users

March 24, 2024 | msn.com

'Boycott this Chinese app and cancel all the bookings': MakeMyTrip faces boycott calls on social media, sparks uninstall threats

March 20, 2024 | msn.com

MeraDoc, MakeMyTrip Partner To Offer Real-Time Medical Services Across India

March 18, 2024 | investorplace.com

Beware the Magazine Cover Jinx: 7 Stocks to Sell Before It Strikes Again

March 16, 2024 | finance.yahoo.com

MMYT Apr 2024 50.000 call

March 14, 2024 | finance.yahoo.com

The 5.0% return this week takes MakeMyTrip's (NASDAQ:MMYT) shareholders one-year gains to 157%

March 13, 2024 | msn.com

Chart of the Day: MakeMyTrip To Asia

March 8, 2024 | msn.com

Use of keyword ‘MakeMyTrip’ in Google ads no deception: Supreme Court

March 7, 2024 | msn.com

Supreme Court Dismisses MakeMyTrip's Plea Against Delhi HC Order In Google's Favour In Ads Case

March 3, 2024 | investing.com

MakeMyTrip Limited (MMYT)

February 24, 2024 | msn.com

MakeMyTrip (MMYT) Price Target Increased by 9.12% to 57.46

February 22, 2024 | msn.com

Macquarie Downgrades MakeMyTrip (MMYT)

February 22, 2024 | msn.com

In A First For A State Govt And Private Travel Firm, Goa Partners With MakeMyTrip to Boost Tourism

February 22, 2024 | msn.com

MakeMyTrip partners with Goa government: All the details

February 22, 2024 | msn.com

Goa govt, MakeMyTrip ink pact to promote state's culture, culinary, sustainable tourism

February 21, 2024 | msn.com

Macquarie downgrades 'top pick' MakeMyTrip to Neutral, shares down premarket

February 20, 2024 | wsj.com

MakeMyTrip Ltd.

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Company Calendar

Last Earnings: 1/23/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/21/2024
Fiscal Year End: 3/31/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Transportation services
Sub-Industry: N/A
Current Symbol: NASDAQ:MMYT
CUSIP: N/A
CIK: 1495153
Web: www.makemytrip.com
Phone: 911244395000
Fax: N/A
Employees: 4,090
Year Founded: 2000

Price Target and Rating

Average Stock Price Target: $52.50
High Stock Price Target: $60.00
Low Stock Price Target: $45.00
Potential Upside/Downside: -16.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.46
Trailing P/E Ratio: 136.54
Forward P/E Ratio: 74.77
P/E Growth: N/A
Net Income: $-11,320,000.00
Net Margins: 6.93%
Pretax Margin: 6.91%
Return on Equity: 10.13%
Return on Assets: 6.37%

Debt

Debt-to-Equity Ratio: 0.02
Current Ratio: 1.53
Quick Ratio: 1.53

Sales & Book Value

Annual Sales: $593.04 million
Price / Sales: 11.24
Cash Flow: $0.40 per share
Price / Cash Flow: 156.06
Book Value: $8.25 per share
Price / Book: 7.61

Miscellaneous

Outstanding Shares: 106,130,000
Free Float: 95,199,000
Market Cap: $6.67 billion
Optionable: Optionable
Beta: 1.23

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Key Executives

Mr. Rajesh Magow (Age 55)
Co-Founder, Group CEO & Director
Mr. Deep Kalra (Age 55)
Founder, Group Chairman & Chief Mentor
Mr. Mohit Kabra (Age 53)
Group Chief Financial Officer
Mr. Sanjay Mohan (Age 59)
Group Chief Technology Officer
Mr. Ravi Prakash Tyagi
Vice President of Administration
Mr. Vipul Garg
Vice President of Investor Relations
Mr. Raj Rishi Singh
Chief Marketing Officer & Chief Business Officer of Corporate
Mr. Yuvaraj Srivastava (Age 53)
Group Chief Human Resource Officer
Mr. Saujanya Shrivastava (Age 50)
Chief Business Officer and COO of Flights, Holidays & Gulf Cooperation Council (GCC)
Mr. Parikshit Choudhury
Chief Business Officer of Alternate Accommodation & Customer Contact Group

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

MMYT Stock Analysis - Frequently Asked Questions

Should I buy or sell MakeMyTrip stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MakeMyTrip in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MMYT shares.
View MMYT analyst ratings or view top-rated stocks.
What is MakeMyTrip's stock price target for 2024?: 2 equities research analysts have issued 12-month price objectives for MakeMyTrip's shares. Their MMYT share price targets range from $45.00 to $60.00. On average, they anticipate the company's stock price to reach $52.50 in the next twelve months. This suggests that the stock has a possible downside of 16.4%.
View analysts price targets for MMYT or view top-rated stocks among Wall Street analysts.
How have MMYT shares performed in 2024?: MakeMyTrip's stock was trading at $46.98 on January 1st, 2024. Since then, MMYT stock has increased by 33.7% and is now trading at $62.81.
View the best growth stocks for 2024 here.
When is MakeMyTrip's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 21st 2024.
View our MMYT earnings forecast.
How were MakeMyTrip's earnings last quarter?: MakeMyTrip Limited (NASDAQ:MMYT) posted its earnings results on Tuesday, January, 23rd. The technology company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.23 by $0.05. The technology company had revenue of $214.22 million for the quarter, compared to analyst estimates of $210.01 million. MakeMyTrip had a net margin of 6.93% and a trailing twelve-month return on equity of 10.13%.
What ETFs hold MakeMyTrip's stock?: ETFs with the largest weight of MakeMyTrip (NASDAQ:MMYT) stock in their portfolio include India Internet & Ecommerce ETF (INQQ), Amplify Travel Tech ETF (AWAY), Invesco Leisure and Entertainment ETF (PEJ), First Trust BICK Index Fund (BICK), OneAscent Emerging Markets ETF (OAEM), Clough Select Equity ETF (CBSE), Franklin Disruptive Commerce ETF (BUYZ) and VanEck Digital India ETF (DGIN).

What is Deep Kalra and Rajesh Magow's approval rating as MakeMyTrip's CEO?: 144 employees have rated MakeMyTrip Chief Executive Officer Deep Kalra and Rajesh Magow on Glassdoor.com. Deep Kalra and Rajesh Magow has an approval rating of 96% among the company's employees. This puts Deep Kalra and Rajesh Magow in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of MakeMyTrip own?: Based on aggregate information from My MarketBeat watchlists, some companies that other MakeMyTrip investors own include NVIDIA (NVDA), Okta (OKTA), Alibaba Group (BABA), Baidu (BIDU), Baozun (BZUN), JD.com (JD), Shopify (SHOP), Trade Desk (TTD), MongoDB (MDB) and Netflix (NFLX).
Who are MakeMyTrip's major shareholders?: MakeMyTrip's stock is owned by many different retail and institutional investors. Top institutional shareholders include Harbour Capital Advisors LLC (0.02%), Banque Cantonale Vaudoise (0.02%), Perpetual Ltd (0.01%) and Confluence Investment Management LLC (0.01%).
How do I buy shares of MakeMyTrip?: Shares of MMYT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does MakeMyTrip have any subsidiaries?: The following companies are subsidiares of MakeMyTrip: Ibibo Group Holdings (Singapore) Pte. Ltd., Ibibo Group Private Limited, and MakeMyTrip (India) Private Limited.
Read More

This page (NASDAQ:MMYT) was last updated on 4/18/2024 by MarketBeat.com Staff

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MakeMyTrip (MMYT) Stock Price, News & Analysis

MakeMyTrip MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About MakeMyTrip Stock (NASDAQ:MMYT)

MMYT Stock Price History

MMYT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

MMYT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™