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MakeMyTrip
MMYTNASDAQ
MakeMyTrip (NASDAQ:MMYT) Stock, Analyst Ratings, Price Targets, Forecasts
MakeMyTrip Ltd has a consensus price target of $56 based on the ratings of 5 analysts. The high is $95 issued by B of A Securities on July 8, 2024. The low is $36 issued by Morgan Stanley on December 8, 2022. The 3 most-recent analyst ratings were released by B of A Securities, Macquarie, and Citigroup on July 8, 2024, February 21, 2024, and August 2, 2023, respectively. With an average price target of $66.67 between B of A Securities, Macquarie, and Citigroup, there's an implied -30.05% downside for MakeMyTrip Ltd from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
B of A Securities
Macquarie
Citigroup
Morgan Stanley
JP Morgan
1calculated from analyst ratings
Analyst Ratings for MakeMyTrip
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 07/08/2024 | Buy Now | -0.31% | B of A Securities | Sachin Salgaonkar | $88 → $95 | Maintains | Buy | Get Alert |
| 02/21/2024 | Buy Now | -37.04% | Macquarie | Aditya Suresh | $50 → $60 | Downgrade | Outperform → Neutral | Get Alert |
| 08/02/2023 | Buy Now | -52.78% | Citigroup | Vijit Jain | $43 → $45 | Maintains | Buy | Get Alert |
| 07/13/2023 | Buy Now | -54.88% | Citigroup | Vijit Jain | $43 → $43 | Reiterates | Buy → Buy | Get Alert |
| 12/08/2022 | Buy Now | -62.22% | Morgan Stanley | Gaurav Rateria | → $36 | Upgrade | Equal-Weight → Overweight | Get Alert |
| 09/14/2022 | Buy Now | -53.83% | JP Morgan | Ankur Rudra | → $44 | Initiates | → Overweight | Get Alert |
| 08/30/2022 | Buy Now | -58.03% | B of A Securities | Sachin Salgaonkar | $33 → $40 | Upgrade | Neutral → Buy | Get Alert |
| 05/26/2022 | Buy Now | -54.88% | Citigroup | Vijit Jain | $42 → $43 | Maintains | Buy | Get Alert |
FAQ
What is the target price for MakeMyTrip (MMYT) stock?
The latest price target for MakeMyTrip (NASDAQ:MMYT) was reported by B of A Securities on July 8, 2024. The analyst firm set a price target for $95.00 expecting MMYT to fall to within 12 months (a possible -0.31% 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 B of A Securities, and MakeMyTrip maintained their buy 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 July 8, 2024 so you should expect the next rating to be made available sometime around July 8, 2025.
Is the Analyst Rating MakeMyTrip (MMYT) correct?
While ratings are subjective and will change, the latest MakeMyTrip (MMYT) rating was a maintained with a price target of $88.00 to $95.00. The current price MakeMyTrip (MMYT) is trading at is $95.30, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.