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.
MakeMyTrip (MMYT) closed at $82.53 in the latest trading session, marking a -1.88% move from the prior day.
MakeMyTrip (MMYT) closed at $78.71 in the latest trading session, marking a +1% move from the prior day.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
MakeMyTrip (MMYT) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, MMYT crossed above the 20-day moving average, suggesting a short-term bullish trend.
MakeMyTrip stock has continued to see strong growth in revenue. Performance across the Hotels and Packages segment has been encouraging. I continue to take a bullish view on MakeMyTrip.