MakeMyTrip Ltd has a consensus price target of $74.8 based on the ratings of 5 analysts. The high is $119 issued by B of A Securities on October 24, 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, B of A Securities, and Citigroup on October 24, 2024, August 27, 2024, and July 24, 2024, respectively. With an average price target of $115.33 between B of A Securities, B of A Securities, and Citigroup, there's an implied 11.43% upside for MakeMyTrip Ltd from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for MakeMyTrip (NASDAQ:MMYT) was reported by B of A Securities on October 24, 2024. The analyst firm set a price target for $119.00 expecting MMYT to rise to within 12 months (a possible 14.98% upside). 6 analyst firms have reported ratings in the last year.
The latest analyst rating for MakeMyTrip (NASDAQ:MMYT) was provided by B of A Securities, and MakeMyTrip maintained their buy rating.
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.
The last downgrade for MakeMyTrip Ltd happened on February 21, 2024 when Macquarie changed their price target from $50 to $60 for MakeMyTrip Ltd.
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 October 24, 2024 so you should expect the next rating to be made available sometime around October 24, 2025.
While ratings are subjective and will change, the latest MakeMyTrip (MMYT) rating was a maintained with a price target of $112.00 to $119.00. The current price MakeMyTrip (MMYT) is trading at is $103.50, which is out of the analyst’s predicted range.
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