$67.80
2.26[3.45%]
At close: Apr 25
$67.80
0[0.00%]
After Hours: 6:42PM EDT
MakeMyTrip
(NASDAQ:MMYT)MakeMyTrip Stock (NASDAQ:MMYT), Analyst Ratings, Price Targets, Predictions
MakeMyTrip Ltd has a consensus price target of $45, established from looking at the 7 latest analyst ratings. The last 3 analyst ratings were released from Macquarie, Citigroup, and Citigroup on February 21, 2024, August 2, 2023, and July 13, 2023. With an average price target of $49.33 between Macquarie, Citigroup, and Citigroup, there's an implied -27.24% downside for MakeMyTrip Ltd from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Macquarie
Citigroup
Morgan Stanley
JP Morgan
B of A Securities
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for MakeMyTrip
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 02/21/2024 | MMYT | Buy Now | MakeMyTrip | $67.80 | -11.5% | Macquarie | Aditya Suresh | $50 → $60 | Downgrade | Outperform → Neutral | Get Alert |
| 08/02/2023 | MMYT | Buy Now | MakeMyTrip | $67.80 | -33.63% | Citigroup | Vijit Jain | $43 → $45 | Maintains | Buy | Get Alert |
| 07/13/2023 | MMYT | Buy Now | MakeMyTrip | $67.80 | -36.58% | Citigroup | Vijit Jain | $43 → $43 | Reiterates | Buy → Buy | Get Alert |
| 12/08/2022 | MMYT | Buy Now | MakeMyTrip | $67.80 | -46.9% | Morgan Stanley | Gaurav Rateria | → $36 | Upgrade | Equal-Weight → Overweight | Get Alert |
| 09/14/2022 | MMYT | Buy Now | MakeMyTrip | $67.80 | -35.1% | JP Morgan | Ankur Rudra | → $44 | Initiates | → Overweight | Get Alert |
| 08/30/2022 | MMYT | Buy Now | MakeMyTrip | $67.80 | -41% | B of A Securities | Sachin Salgaonkar | $33 → $40 | Upgrade | Neutral → Buy | Get Alert |
| 05/26/2022 | MMYT | Buy Now | MakeMyTrip | $67.80 | -36.58% | Citigroup | Vijit Jain | $42 → $43 | Maintains | Buy | Get Alert |
FAQ
What is the target price for MakeMyTrip (MMYT)?
The latest price target for MakeMyTrip (NASDAQ: MMYT) was reported by Macquarie on February 21, 2024. The analyst firm set a price target for $60.00 expecting MMYT to fall to within 12 months (a possible -11.50% downside). 3 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for MakeMyTrip (MMYT)?
The latest analyst rating for MakeMyTrip (NASDAQ: MMYT) was provided by Macquarie, and MakeMyTrip downgraded their neutral rating.
When was the last upgrade for MakeMyTrip (MMYT)?
The last upgrade for MakeMyTrip Ltd happened on December 8, 2022 when Morgan Stanley raised their price target to $36. Morgan Stanley previously had an equal-weight for MakeMyTrip Ltd.
When was the last downgrade for MakeMyTrip (MMYT)?
The last downgrade for MakeMyTrip Ltd happened on February 21, 2024 when Macquarie changed their price target from $50 to $60 for MakeMyTrip Ltd.
When is the next analyst rating going to be posted or updated for MakeMyTrip (MMYT)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of MakeMyTrip, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for MakeMyTrip was filed on February 21, 2024 so you should expect the next rating to be made available sometime around February 21, 2025.
Is the Analyst Rating MakeMyTrip (MMYT) correct?
While ratings are subjective and will change, the latest MakeMyTrip (MMYT) rating was a downgraded with a price target of $50.00 to $60.00. The current price MakeMyTrip (MMYT) is trading at is $67.80, which is out of the analyst’s predicted range.
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