In a report published Tuesday, Morgan Stanley analyst Vipin Khare reiterated an Equal-Weight rating on MakeMyTrip Limited MMYT, and raised the price target from $12.00 to $19.00.
In the report, Morgan Stanley noted, “We believe the operating environment appears to be improving for MMYT. The stock has moved up since its 2Q results despite a cut in net revenue guidance. We believe prospects of strong growth in F15e are adequately reflected in improved P/S multiples.”
MakeMyTrip Limited closed on Tuesday at $19.89.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in