MakeMyTrip Limited (NASDAQ:MMYT) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

MakeMyTrip Limited (NASDAQ:MMYT) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $73.50.

MMYT has been the topic of several research analyst reports. Zacks Research cut shares of MakeMyTrip from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Wall Street Zen raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a report on Saturday. Bank of America cut their price objective on MakeMyTrip from $71.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, September 28th. Finally, HSBC began coverage on MakeMyTrip in a report on Thursday, July 2nd. They issued a “buy” rating and a $70.00 target price on the stock.

Institutional Investors Weigh In On MakeMyTrip

Several large investors have recently bought and sold shares of MMYT. Royal Bank of Canada increased its position in MakeMyTrip by 53.8% in the first quarter. Royal Bank of Canada now owns 3,498,642 shares of the technology company’s stock worth $130,464,000 after purchasing an additional 1,223,963 shares during the last quarter. Wasatch Advisors LP grew its position in MakeMyTrip by 5.7% in the second quarter. Wasatch Advisors LP now owns 2,473,464 shares of the technology company’s stock worth $131,811,000 after acquiring an additional 133,723 shares in the last quarter. Temasek Holdings Private Ltd purchased a new position in MakeMyTrip in the first quarter worth about $63,447,000. Coronation Fund Managers Ltd. increased its stake in MakeMyTrip by 22.5% during the first quarter. Coronation Fund Managers Ltd. now owns 1,532,202 shares of the technology company’s stock worth $57,136,000 after acquiring an additional 280,923 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in MakeMyTrip by 43.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,365,505 shares of the technology company’s stock worth $51,725,000 after acquiring an additional 413,087 shares during the last quarter. Institutional investors own 51.89% of the company’s stock.

Key MakeMyTrip News

Here are the key news stories impacting MakeMyTrip this week:

• Positive Sentiment: MakeMyTrip reported quarterly EPS of $0.47, far above the consensus estimate of $0.04. Adjusted earnings also increased year over year, supporting the view that the company is converting travel demand into improved profitability. MakeMyTrip’s Fiscal Q2 Adjusted Earnings, Revenue Rise
• Positive Sentiment: The company’s profit improvement was notable despite challenging foreign-exchange conditions. Reports described the quarter as a profitability-positive result, which helps explain why shares initially moved higher even though the top-line result missed expectations. MakeMyTrip stock rises on profit view despite revenue miss
• Neutral Sentiment: Management’s earnings call provides additional context on bookings, operating trends, and the impact of currency movements. Investors will likely focus on whether underlying demand remains strong enough to offset foreign-exchange pressure in coming quarters. MakeMyTrip Q2 2027 Earnings Call Transcript
• Negative Sentiment: Revenue was $235.16 million, below the $269.09 million analyst consensus. Coverage attributed much of the shortfall to currency translation, but the miss could still raise concerns about reported growth and weigh on the stock if it persists. MakeMyTrip Q2 2027 Revenue Miss
• Neutral Sentiment: A report showing zero reported short interest suggests limited evidence of short-covering activity; the figure may also reflect a reporting-data issue rather than a meaningful change in investor positioning.

MakeMyTrip Stock Performance

Shares of MakeMyTrip stock opened at $41.20 on Tuesday. The company has a market capitalization of $3.88 billion, a P/E ratio of 343.33 and a beta of 1.07. The company has a fifty day moving average of $50.55 and a 200 day moving average of $51.96. MakeMyTrip has a fifty-two week low of $32.67 and a fifty-two week high of $92.09.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings results on Monday, October 26th. The technology company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.44. The business had revenue of $235.16 million during the quarter, compared to the consensus estimate of $267.41 million. MakeMyTrip had a negative return on equity of 632.52% and a net margin of 3.23%. Analysts forecast that MakeMyTrip will post 1.54 EPS for the current year.

MakeMyTrip Company Profile

MakeMyTrip Limited is an online travel company serving consumers in India and international travelers booking trips to and from the country. Founded in 2000 by Deep Kalra, the company operates through a portfolio of travel brands, including MakeMyTrip, Goibibo and redBus.

The company provides online and mobile booking services for domestic and international flights, hotels and other accommodations, holiday packages, trains, buses, car rentals and airport transfers. Through redBus, it also offers bus ticketing services across India and selected international markets.