Here is how MakeMyTrip (MMYT) and Infosys (INFY) have performed compared to their sector so far this year.
In the closing of the recent trading day, MakeMyTrip (MMYT) stood at $101.23, denoting a +1.38% change from the preceding trading day.
In the latest trading session, MakeMyTrip (MMYT) closed at $93.76, marking a -0.87% move from the previous day.
Shares of Indian travel and tourism company MakeMyTrip Ltd. (MMYT) have more than doubled on the back of record bookings.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Buy rating for MakeMyTrip due to its robust long-term growth runway supported by a strong domestic and international travel industry. MMYT is the largest player in India's online travel agency market, with strong revenue growth and margin expansion potential. The expected target price for MMYT is $111 based on a 9.2x forward revenue multiple.
MakeMyTrip (MMYT) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.30 per share a year ago.
MakeMyTrip (MMYT) closed at $91.24 in the latest trading session, marking a +1.12% move from the prior day.
Here is how MakeMyTrip (MMYT) and Ouster, Inc. (OUST) have performed compared to their sector so far this year.
MakeMyTrip (MMYT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
MakeMyTrip (MMYT) reachead $86.66 at the closing of the latest trading day, reflecting a +0.83% change compared to its last close.
Here is how MakeMyTrip (MMYT) and Monday.com (MNDY) have performed compared to their sector so far this year.