Short interest for MakeMyTrip gives investors a sense of the degree to which investors are betting on the decline of MakeMyTrip's stock. Short interest data is updated every two weeks.

MakeMyTrip Stock (NASDAQ:MMYT), Short Interest Report

MakeMyTrip

MakeMyTrip Ltd is an online travel company, which provides online booking solutions for day-to-day travel needs. The company's operating segment includes Air ticketing; Hotels and packages; Bus ticketing and Others. It generates maximum revenue from the Hotels and packages segment. The Hotels and packages segments include internet-based platforms, call-centers, and branch offices, which provide holiday packages and hotel reservations. Its Air ticketing segment includes internet-based platforms, provides the facility to book domestic and international air tickets. Geographically, it derives a majority of revenue from India and also has a presence in the United States; South East Asia; Europe, and other countries.

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The most overbought stocks in the consumer discretionary sector presents an opportunity to go short on these overvalued companies.

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MakeMyTrip Posts Strong Q4 Earnings Beat On Increased Travels

MakeMyTrip Ltd

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/01/24</td>
<td>$205.00</td>
<td>$50.3K</td>
<td>32.9K</td>
<td>145.7K</td>
</tr>
<tr>
<td>FL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$30.00</td>
<td>$1.7 million</td>
<td>143</td>
<td>3.0K</td>
</tr>
<tr>
<td>LI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$33.00</td>
<td>$320.6K</td>
<td>190</td>
<td>2.6K</td>
</tr>
<tr>
<td>CPNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/08/24</td>
<td>$18.00</td>
<td>$25.5K</td>
<td>2.3K</td>
<td>1.6K</td>
</tr>
<tr>
<td>GLBE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$35.00</td>
<td>$40.1K</td>
<td>1.1K</td>
<td>847</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$175.00</td>
<td>$36.6K</td>
<td>2.4K</td>
<td>291</td>
</tr>
<tr>
<td>ABNB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/01/24</td>
<td>$152.50</td>
<td>$53.5K</td>
<td>492</td>
<td>284</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$70.00</td>
<td>$34.7K</td>
<td>2.0K</td>
<td>83</td>
</tr>
<tr>
<td>WHR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$100.00</td>
<td>$40.4K</td>
<td>444</td>
<td>61</td>
</tr>
<tr>
<td>MMYT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$40.00</td>
<td>$51.2K</td>
<td>29</td>
<td>25</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on March 1, 2024. Parties traded 207 contract(s) at a $205.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $50.3K, with a price of $244.0 per contract. There were 32954 open contracts at this strike prior to today, and today 145738 contract(s) were bought and sold. 
• Regarding FL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>), we observe a put option trade with bullish sentiment. It expires in 688 day(s) on January 16, 2026. Parties traded 3000 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $1.7 million, with a price of $590.0 per contract. There were 143 open contracts at this strike prior to today, and today 3000 contract(s) were bought and sold. 
• For LI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), we notice a call option sweep that happens to be bullish, expiring in 51 day(s) on April 19, 2024. This event was a transfer of 240 contract(s) at a $33.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $320.6K, with a price of $1335.0 per contract. There were 190 open contracts at this strike prior to today, and today 2674 contract(s) were bought and sold. 
• For CPNG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>), we notice a call option sweep that happens to be bullish, expiring in 9 day(s) on March 8, 2024. This event was a transfer of 500 contract(s) at a $18.00 strike. This particular call needed to be split into 46 different trades to become filled. The total cost received by the writing party (or parties) was $25.5K, with a price of $51.0 per contract. There were 2375 open contracts at this strike prior to today, and today 1677 contract(s) were bought and sold. 
• For GLBE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBE#NASDAQ">GLBE</a>), we notice a call option sweep that happens to be bearish, expiring in 51 day(s) on April 19, 2024. This event was a transfer of 200 contract(s) at a $35.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $40.1K, with a price of $200.0 per contract. There were 1191 open contracts at this strike prior to today, and today 847 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option trade with bearish sentiment. It expires in 688 day(s) on January 16, 2026. Parties traded 10 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $36.6K, with a price of $3667.0 per contract. There were 2468 open contracts at this strike prior to today, and today 291 contract(s) were bought and sold. 
• Regarding ABNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), we observe a put option sweep with neutral sentiment. It expires in 2 day(s) on March 1, 2024. Parties traded 500 contract(s) at a $152.50 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $53.5K, with a price of $107.0 per contract. There were 492 open contracts at this strike prior to today, and today 284 contract(s) were bought and sold. 
• Regarding CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we observe a call option sweep with bearish sentiment. It expires in 51 day(s) on April 19, 2024. Parties traded 25 contract(s) at a $70.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $34.7K, with a price of $1390.0 per contract. There were 2034 open contracts at this strike prior to today, and today 83 contract(s) were bought and sold. 
• Regarding WHR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>), we observe a call option trade with bullish sentiment. It expires in 688 day(s) on January 16, 2026. Parties traded 20 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $40.4K, with a price of $2020.0 per contract. There were 444 open contracts at this strike prior to today, and today 61 contract(s) were bought and sold. 
• Regarding MMYT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>), we observe a call option trade with bearish sentiment. It expires in 170 day(s) on August 16, 2024. Parties traded 25 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $51.2K, with a price of $2050.0 per contract. There were 29 open contracts at this strike prior to today, and today 25 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ABNB

AMZN

CPNG

CVNA

GLBE

TSLA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Macquarie analyst Aditya Suresh downgrades MakeMyTrip (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>) from Outperform to Neutral and raises the price target from $50 to $60.

Downgrades

Price Target

Analyst Ratings

Macquarie Downgrades MakeMyTrip to Neutral, Raises Price Target to $60

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/09/24</td>
<td>$192.50</td>
<td>$40.4K</td>
<td>38.8K</td>
<td>206.6K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/16/24</td>
<td>$182.50</td>
<td>$84.0K</td>
<td>4.0K</td>
<td>10.4K</td>
</tr>
<tr>
<td>MMYT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$55.00</td>
<td>$294.5K</td>
<td>2</td>
<td>2.7K</td>
</tr>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/16/24</td>
<td>$103.00</td>
<td>$59.9K</td>
<td>747</td>
<td>887</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$33.00</td>
<td>$41.5K</td>
<td>298</td>
<td>301</td>
</tr>
<tr>
<td>ETSY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$80.00</td>
<td>$179.5K</td>
<td>1.8K</td>
<td>235</td>
</tr>
<tr>
<td>PLAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$65.00</td>
<td>$26.5K</td>
<td>44</td>
<td>148</td>
</tr>
<tr>
<td>OLLI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$95.00</td>
<td>$27.0K</td>
<td>0</td>
<td>121</td>
</tr>
<tr>
<td>PLCE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$10.00</td>
<td>$34.9K</td>
<td>0</td>
<td>102</td>
</tr>
<tr>
<td>RH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$360.00</td>
<td>$110.5K</td>
<td>33</td>
<td>100</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 575 contract(s) at a $192.50 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $40.4K, with a price of $71.0 per contract. There were 38872 open contracts at this strike prior to today, and today 206668 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option trade that happens to be bearish, expiring in 7 day(s) on February 16, 2024. This event was a transfer of 3000 contract(s) at a $182.50 strike. The total cost received by the writing party (or parties) was $84.0K, with a price of $28.0 per contract. There were 4083 open contracts at this strike prior to today, and today 10416 contract(s) were bought and sold. 
• For MMYT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>), we notice a put option trade that happens to be bearish, expiring in 189 day(s) on August 16, 2024. This event was a transfer of 595 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $294.5K, with a price of $495.0 per contract. There were 2 open contracts at this strike prior to today, and today 2733 contract(s) were bought and sold. 
• For NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on February 16, 2024. This event was a transfer of 301 contract(s) at a $103.00 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $59.9K, with a price of $199.0 per contract. There were 747 open contracts at this strike prior to today, and today 887 contract(s) were bought and sold. 
• For MGM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), we notice a call option sweep that happens to be bearish, expiring in 35 day(s) on March 15, 2024. This event was a transfer of 30 contract(s) at a $33.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $41.5K, with a price of $1385.0 per contract. There were 298 open contracts at this strike prior to today, and today 301 contract(s) were bought and sold. 
• Regarding ETSY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>), we observe a call option sweep with bearish sentiment. It expires in 133 day(s) on June 21, 2024. Parties traded 190 contract(s) at a $80.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $179.5K, with a price of $945.0 per contract. There were 1838 open contracts at this strike prior to today, and today 235 contract(s) were bought and sold. 
• Regarding PLAY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAY#NASDAQ">PLAY</a>), we observe a call option sweep with bullish sentiment. It expires in 70 day(s) on April 19, 2024. Parties traded 102 contract(s) at a $65.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $260.0 per contract. There were 44 open contracts at this strike prior to today, and today 148 contract(s) were bought and sold. 
• Regarding OLLI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>), we observe a call option sweep with neutral sentiment. It expires in 707 day(s) on January 16, 2026. Parties traded 24 contract(s) at a $95.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $1130.0 per contract. There were 0 open contracts at this strike prior to today, and today 121 contract(s) were bought and sold. 
• Regarding PLCE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>), we observe a put option trade with bullish sentiment. It expires in 525 day(s) on July 18, 2025. Parties traded 100 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $34.9K, with a price of $349.0 per contract. There were 0 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold. 
• For RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>), we notice a call option trade that happens to be bearish, expiring in 224 day(s) on September 20, 2024. This event was a transfer of 100 contract(s) at a $360.00 strike. The total cost received by the writing party (or parties) was $110.5K, with a price of $1105.0 per contract. There were 33 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ETSY

OLLI

PLAY

PLCE

MakeMyTrip Ltd's Q3 FY24 Gross Bookings Grew 21.7% YoY to $2.09B on the Back of Strong Travel Demand

MakeMyTrip (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>) reported quarterly earnings of $0.35 per share which beat the analyst consensus estimate of $0.24 by 45.83 percent. This is a 150 percent increase over earnings of $0.14 per share from the same period last year. The company reported quarterly sales of $217.89 million which beat the analyst consensus estimate of $208.59 million by 4.46 percent. This is a 26.58 percent increase over sales of $172.13 million the same period last year.

MakeMyTrip Q3 Adj EPS $0.35 Beats $0.24 Estimate, Sales $217.89M Beat $208.59M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) is estimated to report quarterly earnings at $1.46 per share on revenue of $603.11 million.
&bull; Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) is expected to report quarterly earnings at $7.26 per share on revenue of $17.97 billion.
&bull; Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) is expected to report quarterly earnings at $0.40 per share on revenue of $1.12 billion.
&bull; Sandy Spring Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SASR#NASDAQ">SASR</a>) is expected to report quarterly earnings at $0.52 per share on revenue of $83.53 million.
&bull; RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) is estimated to report quarterly earnings at $1.25 per share on revenue of $19.73 billion.
&bull; Procter &amp; Gamble (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) is likely to report quarterly earnings at $1.70 per share on revenue of $21.47 billion.
&bull; Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) is projected to report quarterly earnings at $0.80 per share on revenue of $5.78 billion.
&bull; Community Bank System (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBU#NYSE">CBU</a>) is projected to report quarterly earnings at $0.84 per share on revenue of $175.03 million.
&bull; Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) is projected to report quarterly earnings at $2.28 per share on revenue of $20.99 billion.
&bull; General Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) is likely to report quarterly earnings at $0.90 per share on revenue of $17.42 billion.
&bull; Synchrony Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) is likely to report quarterly earnings at $0.93 per share on revenue of $4.47 billion.
&bull; Peoples Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEBO#NASDAQ">PEBO</a>) is projected to report quarterly earnings at $0.96 per share on revenue of $114.16 million.
&bull; Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) is likely to report quarterly earnings at $1.08 per share on revenue of $34.58 billion.
&bull; MakeMyTrip (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>) is projected to report quarterly earnings at $0.24 per share on revenue of $208.59 million.
&bull; 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) is expected to report quarterly earnings at $2.31 per share on revenue of $7.70 billion.
&bull; Atlantic Union Bankshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AUB#NYSE">AUB</a>) is likely to report quarterly earnings at $0.75 per share on revenue of $179.29 million.
&bull; Old National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONB#NASDAQ">ONB</a>) is expected to report quarterly earnings at $0.48 per share on revenue of $449.00 million.
&bull; Forestar Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOR#NYSE">FOR</a>) is projected to report quarterly earnings at $0.50 per share on revenue of $272.37 million.
&bull; D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) is likely to report quarterly earnings at $2.88 per share on revenue of $7.60 billion.
&bull; GATX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GATX#NYSE">GATX</a>) is expected to report quarterly earnings at $1.58 per share on revenue of $365.40 million.
&bull; PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) is estimated to report quarterly earnings at $2.21 per share on revenue of $8.34 billion.
&bull; Telefonaktiebolaget L M (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) is projected to report quarterly earnings at $0.16 per share on revenue of $7.00 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) is expected to report quarterly earnings at $0.48 per share on revenue of $6.92 billion.
&bull; Canadian National Railway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) is expected to report quarterly earnings at $1.46 per share on revenue of $3.23 billion.
&bull; Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) is expected to report quarterly earnings at $2.66 per share on revenue of $4.14 billion.
&bull; Stride (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LRN#NYSE">LRN</a>) is likely to report quarterly earnings at $1.31 per share on revenue of $500.85 million.
&bull; Wesbanco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSBC#NASDAQ">WSBC</a>) is likely to report quarterly earnings at $0.56 per share on revenue of $116.77 million.
&bull; Premier Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFC#NASDAQ">PFC</a>) is likely to report quarterly earnings at $0.58 per share on revenue of $53.87 million.
&bull; NBT Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBTB#NASDAQ">NBTB</a>) is estimated to report quarterly earnings at $0.75 per share on revenue of $139.00 million.
&bull; National Bank Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBHC#NYSE">NBHC</a>) is likely to report quarterly earnings at $0.82 per share on revenue of $103.96 million.
&bull; Intuitive Surgical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) is expected to report quarterly earnings at $1.48 per share on revenue of $1.87 billion.
&bull; QCR Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCRH#NASDAQ">QCRH</a>) is likely to report quarterly earnings at $1.35 per share on revenue of $58.53 million.
&bull; Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) is expected to report quarterly earnings at $2.22 per share on revenue of $8.71 billion.
&bull; RF Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RFIL#NASDAQ">RFIL</a>) is likely to report quarterly loss at $0.04 per share on revenue of $16.70 million.
&bull; Renasant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNST#NYSE">RNST</a>) is projected to report quarterly earnings at $0.64 per share on revenue of $162.85 million.
&bull; Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) is expected to report quarterly earnings at $1.46 per share on revenue of $4.12 billion.
&bull; East West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) is projected to report quarterly earnings at $1.89 per share on revenue of $576.55 million.
&bull; Triumph Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TFIN#NASDAQ">TFIN</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $106.85 million.
&bull; First Busey (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BUSE#NASDAQ">BUSE</a>) is estimated to report quarterly earnings at $0.49 per share on revenue of $107.87 million.
&bull; Hanmi Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAFC#NASDAQ">HAFC</a>) is estimated to report quarterly earnings at $0.59 per share on revenue of $63.15 million.
&bull; Business First Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BFST#NASDAQ">BFST</a>) is projected to report quarterly earnings at $0.60 per share on revenue of $62.47 million.
&bull; Veritex Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBTX#NASDAQ">VBTX</a>) is projected to report quarterly earnings at $0.62 per share on revenue of $110.66 million.
&bull; Covenant Logistics Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVLG#NASDAQ">CVLG</a>) is projected to report quarterly earnings at $1.03 per share on revenue of $281.75 million.
&bull; Trustmark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMK#NASDAQ">TRMK</a>) is expected to report quarterly earnings at $0.57 per share on revenue of $187.63 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

BFST

BUSE

CVLG

ERIC

EWBC

GATX

HAFC

ISRG

NBHC

NBTB

NFLX

PCAR

PEBO

QCRH

RFIL

RNST

SASR

STLD

TFIN

TRMK

VBTX

WSBC

Earnings Scheduled For January 23, 2024

MakeMyTrip (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-01-23. Here's what investors need to know before the announcement.
Analysts estimate that MakeMyTrip will report an earnings per share (EPS) of $0.24. 
MakeMyTrip bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.14, which was followed by a 1.86% drop in the share price the next day.
Here's a look at MakeMyTrip's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.11</td>
<td>0.12</td>
<td>0.05</td>
<td>0.03</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.25</td>
<td>0.30</td>
<td>0.21</td>
<td>0.14</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.86%</td>
<td>4.15%</td>
<td>1.9%</td>
<td>-1.55%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1705935651_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of MakeMyTrip were trading at $49.6 as of January 19. Over the last 52-week period, shares are up 64.73%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/MMYT/earnings">To track all earnings releases for MakeMyTrip visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: MakeMyTrip's Earnings

The Notes will mature on February 15, 2028, unless earlier repurchased, redeemed or converted. Pursuant to the terms of the Indenture dated as of February 9, 2021 (the &quot;Indenture&quot;) relating to the Notes by and between the Company and The Bank of New York Mellon, as trustee, it is the right of each Holder to require the Company to repurchase the Notes on February 15, 2024 and February 15, 2026 (which is, respectively, approximately three and five years after the Notes were initially issued) (the &quot;Repurchase Right&quot;).&nbsp;

MakeMyTrip Announces Repurchase Right Notification For 0.00% Convertible Senior Notes Due 2028

MakeMyTrip (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>) reported quarterly earnings of $0.25 per share which beat the analyst consensus estimate of $0.11 by 127.27 percent. This is a 257.14 percent increase over earnings of $0.07 per share from the same period last year. The company reported quarterly sales of $188.71 million which beat the analyst consensus estimate of $155.92 million by 21.03 percent. This is a 20.38 percent increase over sales of $156.76 million the same period last year.

MakeMyTrip Q2 Adj EPS $0.25 Beats $0.11 Estimate, Sales $188.71M Beat $155.92M Estimate

MakeMyTrip (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>) is set to give its latest quarterly earnings report on Tuesday, 2023-10-31. Here's what investors need to know before the announcement.
Analysts estimate that MakeMyTrip will report an earnings per share (EPS) of $0.11. 
MakeMyTrip bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.18, which was followed by a 4.15% increase in the share price the next day.
Here's a look at MakeMyTrip's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.12</td>
<td>0.05</td>
<td>0.03</td>
<td>-0.07</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.30</td>
<td>0.21</td>
<td>0.14</td>
<td>0.07</td>
</tr>
<tr>
<td>Price Change %</td>
<td>4.15%</td>
<td>1.9%</td>
<td>-1.55%</td>
<td>-4.62%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1698692475_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of MakeMyTrip were trading at $36.81 as of October 27. Over the last 52-week period, shares are up 32.01%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/MMYT/earnings">To track all earnings releases for MakeMyTrip visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: MakeMyTrip

The most overbought stocks in the consumer discretionary sector presents an opportunity to go short on these overvalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70.</a>
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>MakeMyTrip Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mmyt#NASDAQ">MMYT</a>)</h3>
<ul>
<li>MakeMyTrip Limited reported better-than-expected first-quarter financial results. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/MMYT">52-week high of $38.79. </a>.</li>
<li>RSI Value: 78.54</li>
<li>MMYT Price Action: Shares of MakeMyTrip fell 0.7% to close at $38.45 on Tuesday.</li>
</ul>
<h3>Perdoceo Education Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prdo#NASDAQ">PRDO</a>)</h3>
<ul>
<li>Perdoceo Education posted upbeat quarterly results. &quot;Second quarter results came in ahead of our expectations, as we experienced further improvements in student retention and engagement, supported by various operating changes and technology upgrades within our onboarding, academic and student support processes,&quot; said Andrew Hurst, Chief Executive Officer. The company&rsquo;s <a href="https://www.benzinga.com/quote/PRDO"> stock has a 52-week high </a> of $17.06.</li>
<li>RSI Value: 70.55</li>
<li>PRDO Price Action: Shares of Perdoceo Education fell 0.1% to close at $16.38 on Tuesday.</li>
</ul>
<h3>Capri Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cpri#NYSE">CPRI</a>)</h3>
<ul>
<li>Capri Holdings reported better-than-expected first-quarter earnings. John D. Idol, the Company&#39;s Chairman and Chief Executive Officer, said, &ldquo;As announced earlier today, the planned acquisition of Capri Holdings by Tapestry marks a major milestone for our company. It is a testament to all that our teams have achieved in building Versace, Jimmy Choo and Michael Kors into the iconic and powerful luxury fashion houses they are today.&rdquo; The company has a <a href="https://www.benzinga.com/quote/CPRI"> 52-week high </a> of $69.25.</li>
<li>RSI Value: 75.05</li>
<li>CPRI Price Action: Shares of Capri Holdings gained 0.1% to close at $52.45 on Tuesday.</li>
</ul>
<h3>MINISO Group Holding Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mnso#NYSE">MNSO</a>)</h3>
<ul>
<li>MINISO reported better-than-expected fourth-quarter financial results. Mr. Guofu Ye, Founder, Chairman, and Chief Executive Officer of MINISO, commented, &quot;In spite of the short-term headwinds and uncertainties brought by the macro environment, we remained focused on our long-term strategic goals: delivering on our globalization strategy, bolstering the strength of our product offerings and optimizing our store network.&quot; The company&rsquo;s 52-week high is $25.63.</li>
<li>RSI Value: 72.40</li>
<li>MNSO Price Action: Shares of MINISO Group gained 9.3% to close at $25.09 on Tuesday.</li>
</ul>
<h3>H&amp;R Block, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hrb#NYSE">HRB</a>)</h3>
<ul>
<li>H&amp;R Block reported better-than-expected fourth-quarter results and raised its quarterly dividend. The company <a href="https://www.benzinga.com/quote/HRB"> has a 52-week high </a> of $45.93.</li>
<li>RSI Value: 78.03</li>
<li>HRB Price Action: Shares of H&amp;R Block rose 0.2% to settle at $39.95 on Tuesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/23/08/34107892/investor-sentiment-improves-after-s-p-500-closes-sharply-higher"> Investor Sentiment Improves After S&amp;P 500 Closes Sharply Higher </a>

The most overbought stocks in the consumer discretionary sector presents an opportunity to go short on these overvalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70.</a>
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Modine Manufacturing Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mod#NYSE">MOD</a>)</h3>
<ul>
<li>Modine Manufacturing reported better-than-expected first-quarter financial results and revised FY24 net revenue outlook. &quot;This was an incredible quarter for Modine, with record revenue and significant margin expansion, as both segments exceeded expectations by driving strong growth and operational improvements,&quot; said Modine President and Chief Executive Officer, Neil D. Brinker. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/MOD">52-week high of $47.48. </a>.</li>
<li>RSI Value: 71.49</li>
<li>MOD Price Action: Shares of Modine Manufacturing fell 4.5% to close at $44.16 on Tuesday.</li>
</ul>
<h3>Genius Group Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gns#NYSE">GNS</a>)</h3>
<ul>
<li>Genius Group recentlyannounced it received a Warning Letter from NYSE regarding the manner of disclosures from March 2023 events via Twitter.. The company&rsquo;s <a href="https://www.benzinga.com/quote/GNS"> stock has a 52-week high </a> of $11.80.</li>
<li>RSI Value: 76.12</li>
<li>GNS Price Action: Shares of Genius Group fell 10.7% to close at $1.42 on Tuesday.</li>
</ul>
<h3>MakeMyTrip Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mmyt#NASDAQ">MMYT</a>)</h3>
<ul>
<li>MakeMyTrip reported better-than-expected first-quarter financial results.. The company has a <a href="https://www.benzinga.com/quote/MMYT"> 52-week high </a> of $37.38.</li>
<li>RSI Value: 77.77</li>
<li>MMYT Price Action: Shares of MakeMyTrip fell 2.5% to close at $36.41 on Tuesday.</li>
</ul>
<h3>Perdoceo Education Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prdo#NASDAQ">PRDO</a>)</h3>
<ul>
<li>Perdoceo Education posted upbeat quarterly results. &quot;Second quarter results came in ahead of our expectations, as we experienced further improvements in student retention and engagement, supported by various operating changes and technology upgrades within our onboarding, academic and student support processes,&quot; said Andrew Hurst, Chief Executive Officer. The company&rsquo;s 52-week high is $17.06.</li>
<li>RSI Value: 78.11</li>
<li>PRDO Price Action: Shares of Perdoceo Education fell 1% to close at $16.39 on Tuesday.</li>
</ul>
<h3>Light &amp; Wonder, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lnw#NASDAQ">LNW</a>)</h3>
<ul>
<li>Light &amp; Wonder posted stronger-than-expected quarterly sales. Matt Wilson, President and Chief Executive Officer of Light &amp; Wonder, said, &quot;Our reported numbers continue to validate the investments that we&rsquo;ve made in our business and demonstrate the significant progress we are making towards our long-term targets.&quot; The company <a href="https://www.benzinga.com/quote/LNW"> has a 52-week high </a> of $76.43.</li>
<li>RSI Value: 71.93</li>
<li>LNW Price Action: Shares of Light &amp; Wonder fell 0.8% to settle at $74.95 on Tuesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/23/08/33870863/investor-sentiment-declines-further-after-weak-china-data"> Investor Sentiment Declines Further After Weak China Data </a>

Citigroup analyst Vijit Jain maintains MakeMyTrip (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>) with a Buy and raises the price target from $43 to $45.

Citigroup Maintains Buy on MakeMyTrip, Raises Price Target to $45

WIIM

MakeMyTrip Limited shares are trading higher after the company reported better-than-expected Q1 financial results.

<h3>Gainers</h3>
<ul>
<li>Tupperware Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TUP#NYSE">TUP</a>) shares rose 22.2% to $5.22 during Tuesday's pre-market session. The company's market cap stands at $232.1 million. </li>
<li>Esports Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMBL#NASDAQ">GMBL</a>) stock increased by 16.11% to $0.49. The market value of their outstanding shares is at $2.2 million. </li>
<li>MakeMyTrip (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>) stock increased by 8.79% to $31.3. The market value of their outstanding shares is at $3.3 billion. As per the news, the Q1 earnings report came out today. </li>
<li>First Watch Restaurant Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRG#NASDAQ">FWRG</a>) stock increased by 8.36% to $20.2. The company's market cap stands at $1.2 billion. As per the press release, Q2 earnings came out today. </li>
<li>Lottery.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTRY#NASDAQ">LTRY</a>) stock increased by 8.32% to $0.22. The market value of their outstanding shares is at $11.2 million. </li>
<li>Rover Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROVR#NASDAQ">ROVR</a>) shares moved upwards by 7.66% to $5.9. The market value of their outstanding shares is at $1.0 billion. As per the press release, Q2 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Polished.com (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/POL#AMEX">POL</a>) stock declined by 49.3% to $0.32 during Tuesday's pre-market session. The company's market cap stands at $33.6 million. </li>
<li>Vision Marine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>) stock fell 16.74% to $3.88. The market value of their outstanding shares is at $40.6 million. </li>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares fell 12.1% to $2.18. The company's market cap stands at $31.2 million. </li>
<li>Aarons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAN#NYSE">AAN</a>) stock declined by 11.51% to $14.0. The market value of their outstanding shares is at $432.7 million. As per the press release, Q2 earnings came out yesterday. </li>
<li>Norwegian Cruise Line (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) shares declined by 9.75% to $19.92. The company's market cap stands at $8.4 billion. As per the press release, Q2 earnings came out today. </li>
<li>E-Home Household Service (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) stock decreased by 9.24% to $0.11. The company's market cap stands at $3.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

FWRG

GMBL

LTRY

NCLH

ROVR

TRNR

VMAR

12 Consumer Discretionary Stocks Moving In Tuesday's Pre-Market Session

MakeMyTrip (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>) reported quarterly adjusted earnings of $0.30 per share which beat the analyst consensus estimate of $0.12 by 150 percent. This is a 500 percent increase over earnings of $0.05 per share from the same period last year. The company reported quarterly sales of $198.30 million which beat the analyst consensus estimate of $149.68 million by 32.48 percent. This is a 26.94 percent increase over sales of $156.21 million the same period last year.

MakeMyTrip Q1 Adj. EPS $0.30 Beats $0.12 Estimate, Sales $198.30M Beat $149.68M Estimate

MakeMyTrip (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>) is set to give its latest quarterly earnings report on Tuesday, 2023-08-01. Here's what investors need to know before the announcement.
Analysts estimate that MakeMyTrip will report an earnings per share (EPS) of $0.12. 
MakeMyTrip bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.16, which was followed by a 1.9% increase in the share price the next day.
Here's a look at MakeMyTrip's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.05</td>
<td>0.03</td>
<td>-0.07</td>
<td>-0.03</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.21</td>
<td>0.14</td>
<td>0.07</td>
<td>0.05</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.9%</td>
<td>-1.55%</td>
<td>-4.62%</td>
<td>4.37%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1690837296_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of MakeMyTrip were trading at $28.72 as of July 28. Over the last 52-week period, shares are down 4.7%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/MMYT/earnings">To track all earnings releases for MakeMyTrip visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

MakeMyTrip's Earnings Outlook

Citigroup analyst Vijit Jain reiterates MakeMyTrip (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>) with a Buy and maintains $43 price target.

Reiteration

Citigroup Reiterates Buy on MakeMyTrip, Maintains $43 Price Target

<ul>
<li>Indian online travel company&nbsp;MakeMyTrip Limited&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mmyt#NASDAQ">MMYT</a>) reported Q4 FY23 adjusted revenue of&nbsp;<a class="editor-rtfLink" href="https://s22.q4cdn.com/244830719/files/doc_financials/2023/q4/MMYT-Earnings-Release-Q4FY23.pdf" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">$166.1 million</a>, up from $105.1 million a year ago, beating the consensus of $163.6 million.</li>
<li>Revenues benefited from a strong recovery in travel demand on the diminishing impact of the COVID-19 pandemic in India.</li>
<li>In constant currencies, revenue from the air ticketing business grew by 67.6% Y/Y in CC to $38.9 million, the hotels and packages business rose 98.1% in CC to $82.1 million, bus ticketing business increased by 63.3% Y/Y in CC to $18.9 million, and others business climbed 72.3% in CC to $8.6 million.</li>
<li>Gross bookings surged 65.4% Y/Y to $1.67 billion.</li>
<li>Adjusted operating profit improved significantly to $19.0 million from $12.0 million a year ago.&nbsp;</li>
<li>Adjusted EPS of $0.21&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/calendars/earnings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">beat the consensus of $0.05</a>.&nbsp;</li>
<li>MakeMyTrip held $486.7 million in cash and cash equivalents at the end of the year.</li>
<li>CEO Rajesh Magow said, &quot;We are glad that our strategy of investing in the right areas coupled with our initiatives to optimize certain costs has helped us to preserve and strengthen our moat. We remain well positioned for the next fiscal year with a strong pipeline of product innovation to further enhance customer experience.&quot;&nbsp;</li>
<li>Price Action:&nbsp;MMYT shares are trading lower by 2.65% at $25.86 on the last check Tuesday.</li>
</ul>

MakeMyTrip shares are trading higher after the company reported better-than-expected Q4 financial results.

There's a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on Makemytrip (MMYT – Research Report), Guangzho...

Analysts Are Bullish on These Consumer Cyclical Stocks: Makemytrip (MMYT), Guangzhou Automobile Group Co (GNZUF)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s no secret that <a href="https://investorplace.com/industries/technology/">tech stocks</a> are on fire. The major American stock indexes have reached new highs in 2024, with growth and technology companies leading the way. There are good reasons for much of these gains, such as the booms that we&rsquo;re seeing in artificial intelligence and semiconductors right now. 



However, not all tech stocks are created equal, and several are being overvalued. Many firms that are rallying today simply do not have the sort of fundamentals to back up these powerful moves that we&rsquo;ve seen over the past 12 months. 



It&rsquo;s now time to be taking profits on these overvalued tech stocks. These three in particular look vulnerable to serious drawdowns in the months to come.



<h2>MakeMyTrip (MMYT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/air-travel-1600-300x169.png" alt="Plane travel. Man standing in airport waiting for flight. travel stocks to buy"><div>Source: Olena Yakobchuk / Shutterstock</div></div>MakeMyTrip (NASDAQ:<a href="https://investorplace.com/stock-quotes/mmyt-stock-quote/">MMYT</a>) is an Indian online travel agency. Investors have long viewed it as something akin to the Expedia of the Indian market. 



Shares have been publicly traded for more than a decade. Traditionally, they&rsquo;ve had a rocky go of it with the stock essentially trading flat between 2012 and 2022. However, as the travel reopening theme took off, MMYT stock has surged over the past year. 



Shares have skyrocketed from a low of $25 last year to more than $75 per share today. All told, the stock is up 217% over the past 12 months and, incredibly enough, is already up 62% year-to-date. 



There&rsquo;s a real story to the underlying company. MakeMyTrip is growing <a href="https://skift.com/2024/01/23/makemytrip-reports-record-breaking-quarter-heres-how-they-made-it/">its earnings</a> quickly thanks to the strong global economy and heightened travel spending. However, the travel boom is unlikely to persist forever. 



Meanwhile, MMYT stock is going for more than 100 times trailing earnings and 11 times price-to-sales. The valuation looks exceedingly expensive for an online travel agency.



<h2>AppLovin (APP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/applovin-app-1600-300x169.jpg" alt="AppLovin (APP) logo and page displayed on phone and computer screen"><div>Source: shutterstock.com/T. Schneider</div></div>AppLovin (NASDAQ:<a href="https://investorplace.com/stock-quotes/app-stock-quote/">APP</a>) is a software company which develops and operates a mobile marketing platform and ecosystem. It offers products such as AppDiscovery, MAX, and SparkLabs.



AppLovin, as the name might suggest, primarily helps mobile application developers to monetize their programs, and further boost their marketing and consumer engagement efforts.



APP stock has gone on an absolute tear over the past year with the shares rising more than 350%. This seems completely unjustified. The company grew revenues just 17% over the past year, which is certainly a respectable rate but not typically associated with such a dramatic stock price increase.



Investors are pleased that AppLovin has been able to work around some of the <a href="https://digiday.com/media-buying/two-years-into-apples-att-ad-tech-still-sees-growth-despite-slowdowns/">privacy restrictions</a> that Apple (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>) and other operators have put in their ecosystems. AppLovin is certainly making progress as a business and its <a href="https://seekingalpha.com/news/4067717-applovin-soars-24-as-street-lauds-results-from-new-ai-ad-engine">AI ad system</a> is also sparking investor enthusiasm. But at 75 times trailing earnings, this seems grossly overvalued for a company with a fairly pedestrian revenue growth rate.



<h2>Dell Technologies (DELL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/dell1600-300x169.jpg" alt="Dell (DELL) Technologies Display and Logo"><div>Source: Jonathan Weiss / Shutterstock.com</div></div>25 years ago, Dell (NYSE:<a href="https://investorplace.com/stock-quotes/dell-stock-quote/">DELL</a>) was a popular investment as it was at the forefront of major trends in consumer electronics hardware.



But times change. The Dell of today has become a somewhat stodgy IT vendor that has traditionally earned a low valuation from Wall Street. The company has barely grown top-line revenues in recent years, making it a cash cow but one with seemingly limited upside.



In today&rsquo;s market, a dash of artificial intelligence will cause a stock to skyrocket. DELL stock is now up 225% over the past 12 months pushing the normally staid hardware company up to a surprising 30 times P/E multiple.



Make no mistake, Dell is selling some AI enabled servers and hardware. To some extent, Dell will benefit from current trends. However, the move seems grossly overdone. Morningstar analyst William Kerwin sees more than <a href="https://www.morningstar.com/company-reports/1211199-dell-commands-the-pc-and-server-markets-but-lacks-a-moat?listing=0P0001FDGE">50% downside</a> for DELL stock from current levels as the hype wears off.



On the date of publication, Ian Bezek did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/short-selling-bonanza-3-overhyped-tech-stocks-to-bet-against/">Short-Selling Bonanza: 3 Overhyped Tech Stocks to Bet Against</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Short-Selling Bonanza: 3 Overhyped Tech Stocks to Bet Against

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Blue-chip <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a> are not made overnight. These stocks represent companies that have built their business over years or decades. This comes through a good management team focusing on innovation and industry tailwinds, among other factors. From an investment perspective, the biggest wealth creators are potential blue-chip growth stocks that are grabbed early.



Of course, it&rsquo;s not easy and takes a lot of research, conviction and patience. The journey from a growth stock to a blue-chip involves depression and deep corrections. The conviction to hold the business pays off handsomely in the long term.



The focus of this column is on potential blue-chip growth stocks to buy. The stocks discussed represent businesses that can make it big in the next five to ten years. Considering an investment horizon until 2030, these ideas can deliver multibagger returns.



Let&rsquo;s discuss the company and industry factors of these blue-chip growth stocks likely to be catalysts for businesses to grow multi-fold in revenue and cash flows.



<h2>Li Auto (LI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/li1600-1-300x169.png" alt="Li Auto logo and store in downtown Lujiazui. Li Auto Also known as Li Xiang, is a Chinese electric vehicle manufacturer. Business and finance concept photo."><div>Source: Andy Feng / Shutterstock.com</div></div>Li Auto (NASDAQ:<a href="https://investorplace.com/stock-quotes/li-stock-quote/">LI</a>) is a likely massive value creator among Chinese EV companies. Considering the growth trajectory, LI stock looks deeply undervalued at a forward price-earnings ratio of 16.2.



Recently, the stock corrected sharply as the management revised the outlook for Q1 2024 on the downside. What I liked about the company&rsquo;s press release was the management acknowledging the mistakes. First, the &ldquo;operating strategy of Li MEGA was mis-paced.&rdquo; Further, the company &rdquo; excessively emphasized sales volume and competition.&rdquo; With a focus back on creating value for users and operating efficiency, Li Auto is well-positioned for sustained growth.



It&rsquo;s worth noting that Li ended 2023 with a <a href="https://ir.lixiang.com/news-releases/news-release-details/li-auto-inc-announces-unaudited-fourth-quarter-and-full-year-2">cash buffer of $14.6 billion</a>. Further, the company might be positioned for annual free cash flow of $8 to $10 billion.



However, Li has remained conservative in spreading its wings too early. The company has continued to focus on China when peers like Nio (NYSE:<a href="https://investorplace.com/stock-quotes/nio-stock-quote/">NIO</a>) and <a href="https://investorplace.com/stock-quotes/xpeng-stock-quote/">XPeng</a> (NYSE:<a href="https://investorplace.com/stock-quotes/xpev-stock-quote/">XPEV</a>) are looking at aggressive international expansion. A focused growth strategy will continue to deliver results and help keep margins attractive.



<h2>DraftKings (DKNG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/dkng1600-300x169.png" alt="Person holding smartphone with logo of US sports betting company DraftKings Inc. (DKNG) on screen in front of website. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>The iGaming and online sports betting sector will likely get bigger in the United States in the coming years. DraftKings (NASDAQ:<a href="https://investorplace.com/stock-quotes/dkng-stock-quote/">DKNG</a>) is a turnaround story and will likely be a massive value creator by 2030.



To put things into perspective, the iGaming and OSB market is <a href="https://draftkings.gcs-web.com/static-files/b6f14c7f-f4dd-4fcb-8c3c-637de5db2afb">expected to grow</a> from $20 billion in 2023 to $30 billion by 2028. This is just for the existing states where DraftKings operates. With legalization likely in more states, the addressable market will get bigger.



Specific to DraftKings, cash burn was a key challenge. However, that has been addressed, and the company is positioned to sustain EBITDA margin expansion. For the current year, the company has guided for revenue and EBITDA of $4.8 billion and $460 million, respectively.



Further, the company expects to achieve adjusted EBITDA of $1.4 billion in 2026 and $2.1 billion by 2028. Again, these estimates are for existing states. With expansion into new states, the EBITDA visibility will be higher. The business is, therefore on-track to be a cash flow machine in the coming years and DKNG stock is likely to deliver multibagger returns.



<h2>MakeMyTrip (MMYT)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2017/03/mmytmsn-300x165.jpg" alt="a blurry photo of people standing in line at an airport"><div>Source: Shutterstock</div></div>If we consider a time horizon of ten years, India is likely to be among the fastest growing economies in the world. Be it favorable demographics, a swelling middle-class or China plus one policy, India has the ingredients to create wealth. MakeMyTrip (NASDAQ:<a href="https://investorplace.com/stock-quotes/mmyt-stock-quote/">MMYT</a>) is therefore among the list of blue-chip growth stocks to consider.



As an overview, MakeMyTrip is the largest online travel and tourism company in India. MMYT stock has surged by 190% in the last 12 months with the industry gaining traction after the pandemic. However, considering the impending growth potential, the stock is worth accumulating on corrections.



To put things into perspective, India had 158 million middle-class households in 2018. This is likely to <a href="https://investors.mmtcdn.com/MMYT_IR_Presentation_February_2024_b8b3df5063.pdf">swell to 300 million by 2030</a>. Further, by the end of the decade, India will have the second largest internet user base. Clearly, there is ample headroom for growth in the travel market.



It&rsquo;s worth noting that in the financial year 2021, the company reported an adjusted operating loss of $18 million. For the first nine months of the current FY, MakeMyTrip has reported <a href="https://investors.mmtcdn.com/MMYT_Earnings_Release_Q3_FY_24_21fd87d624.pdf">operating profit of $91.8 million</a>. With a strong balance sheet and sustained growth in profitability, the outlook is positive for MMYT stock.



<h2>Coupang (CPNG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/coupang-1600-300x169.jpg" alt="The Coupang (CPNG stock) campus in Silicon Valley, California."><div>Source: Michael Vi / Shutterstock.com</div></div><a href="https://investorplace.com/industries/consumer-discretionary/retail/e-commerce/">E-commerce stocks</a> were hot during the pandemic. However, in a post-pandemic world, there were growth adjustments on the downside. This translated into a downside for some of the best e-commerce stocks. However, with the industry <a href="https://www.renub.com/global-e-commerce-market-nd.php">expected to grow</a> at a steady pace, it&rsquo;s a good time to look at quality growth stocks. Coupang (NYSE:<a href="https://investorplace.com/stock-quotes/cpng-stock-quote/">CPNG</a>) stock looks attractive at current levels of $19 and is a potential multibagger.



The first point to note is that Coupang has a big addressable market within Korea. As of 2023, the Korean e-commerce market was valued at $483 billion. The market size is expected to <a href="https://s27.q4cdn.com/765243554/files/doc_financials/2023/q4/4Q23-Earnings-Presentation.pdf">swell to $563 billion</a> by 2027. With steady growth in active users coupled with an upside in average revenue per user, Coupang is well positioned to benefit.



Further, Coupang has been making inroads into other Asian markets (including Southeast Asia). This is likely to ensure that the revenue momentum is sustained. It&rsquo;s also worth noting that Coupang recently <a href="https://ir.aboutcoupang.com/English/news-and-events/news/news-details/2023/Coupang-to-Acquire-the-Business-and-Assets-of-Farfetch-Holdings-Bringing-the-Future-of-Commerce-to-the-400B-Global-Personal-Luxury-Goods-Segment/default.aspx">completed the acquisition</a> of Farfetch Holdings. The latter is a global marketplace for the luxury fashion industry. The acquisition gives Coupang entry into the European markets. With healthy cash flows and aggressive investments, Coupang is positioned to create value.



<h2>Arm Holdings (ARM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/09/arm1600-2-300x169.png" alt="Person holding mobile phone with logo of British semiconductor company Arm Ltd. on screen in front of business webpage. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Arm Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/arm-stock-quote/">ARM</a>) stock was listed in September 2023 and has been in an uptrend. I believe that corrections can be used as an opportunity to accumulate the stock. As an overview, Arm Holdings manufactures and licenses central processing unit products and related technologies.



For Q3 2024, Arm reported healthy revenue growth of 14% on a year-on-year basis to $824 million. For the same period, the company reported free cash flow of $251 million. With an annualized FCF potential of $1 billion, Arm is positioned to invest in innovation. I must add here that as royalty revenue swells, free cash flow will be significantly higher in the next five years.



An important point to note is that in 2016, Arm Holdings focused on general purpose CPUs. Currently, the company <a href="https://investors.arm.com/static-files/187d293b-42eb-48b0-b82f-e78bce4da9e4">has AI enabled solutions</a> for mobile, IoT, consumer electronic, automobile, cloud and networking. Therefore, the addressable market is big and as the demand for CPUs swells, Arm will continue to benefit.



<h2>Aker BP ASA (AKRBF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/growth-stocks-1600-300x169.jpg" alt="tree growing on coin of stacking with green bokeh background; growth stocks"><div>Source: Freedom365day / Shutterstock.com</div></div>Aker BP ASA (OTCMKTS:<a href="https://investorplace.com/stock-quotes/akrbf-stock-quote/">AKRBF</a>) is an under-the-radar growth stock with multibagger returns potential. With volatility in oil prices, AKRBF stock has remained sideways in the last 12 months and trades at an attractive valuation. Further, the stock offers a dividend yield of 8.59% and I expect healthy dividend growth in the coming years.



As an overview, Aker BP is an oil and gas company with an asset focus in the Norwegian Continental Shelf. As of 2023, the company reported 2P reserves of 1.72 billion barrels of oil equivalent. The company has grown in the last ten years through multiple mergers and acquisitions.



What&rsquo;s important to note is that the company&rsquo;s assets have an attractive break-even. The entire portfolio break-even is at $35 to $40 per barrel. Even if oil trades at $80 to $90 per barrel, there is robust EBITDA and cash flow visibility.



Last year, Aker reported operating cash flow (after taxes) of $5.3 billion. With production growth and potentially higher realized oil prices, OCF is likely to be higher in 2024. This sets stage for dividend growth and aggressive exploration investments.



<h2>Lithium Americas (LAC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/lithium1600g-300x169.jpg" alt="a lithium battery"><div>Source: Pixel Enforcer/ShutterStock.com</div></div>Lithium Americas (NYSE:<a href="https://investorplace.com/stock-quotes/lac-stock-quote/">LAC</a>) is among the emerging companies that are likely to make it big in the coming years. Currently, the company commands a market valuation of just $1 billion. I would not be surprised if the valuations swell by 20x or 30x by 2030.



The first catalyst is a potential reversal in lithium and a steady uptrend. That seems entirely likely in the coming years with an <a href="https://www.bcg.com/publications/2022/the-lithium-supply-crunch-doesnt-have-to-stall-electric-cars">impending supply gap</a>. Further, Lithium Americas has ownership of the prized Thacker Pass project.



The asset has an <a href="https://lithiumamericas.com/files/doc_presentation/2024/04/LAC-Corporate-Presentation.pdf">after-tax net present value</a> of $5.7 billion and a mine life of 40 years. Production is expected to commence in 2027 with the first phase (years one to four) likely to deliver an average annual EBITDA of $1.1 billion. The second phase&rsquo;s annual EBITDA is likely at $2 billion (years five to 40).



Clearly, the asset is poised to be a cash flow machine. Once commercialized, it&rsquo;s likely that Lithium Americas will scout for more asset acquisitions. This will set the stage for the next phase of growth.



On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/7-must-buy-growth-stocks-that-are-blue-chips-in-the-making/">7 Must-Buy Growth Stocks That are Blue-Chips in the Making</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Must-Buy Growth Stocks That are Blue-Chips in the Making

Gaurav Rateria, an analyst from Morgan Stanley, maintained the Buy rating on Makemytrip (MMYT – Research Report). The associated price target is $7...

Makemytrip's Positive Traffic Trends and Stable Financial Outlook Merit Buy Rating

MakeMyTrip: Favorable Growth Outlook With Profitability Improvement Potential

Artisan Developing World Fund Q1 2024 Commentary

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
According to <a href="https://www.travelandleisure.com/amex-travel-2024-global-travel-trends-report-8607859">Travel + Leisure magazine</a>, the &ldquo;Demand for premium travel continues at a torrid pace in 2024.&rdquo; Indeed, most respondents to a poll conducted in seven countries, including America, Mexico and the UK, reported that they are planning huge trips this year. 



Conducted by American Express (NYSE:<a href="https://investorplace.com/stock-quotes/axp-stock-quote/">AXP</a>), the survey also found that 84% of the respondents intend &ldquo;to spend more or the same amount of money on travel in 2024&rdquo; as they did last year. Moreover, international travel remains very popular. 



Another big trend is traveling to attend sporting events in cities like Paris, where the Olympics will be held and New York City, where, as usual, the U.S. Open tennis tournament will occur. On the other hand, the <a href="https://www.travelagewest.com/Industry-Insight/Business-Features/spring-travel-trends-2024">cost of traveling is reportedly </a>surging. Still, amid the strong economy in the U.S. and many other nations, that shouldn&rsquo;t be too much of an obstacle. Here are three top <a href="https://investorplace.com/industries/consumer-discretionary/travel/">travel stocks</a> that are well-positioned to rally this summer.



<h2>Delta Air Lines (DAL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/dal1600-300x169.jpg" alt="Delta (DAL) airlines plane mid take-off"><div>Source: Markus Mainka / Shutterstock.com</div></div>Delta Air Lines (NYSE:<a href="https://investorplace.com/stock-quotes/dal-stock-quote/">DAL</a>) <a href="https://seekingalpha.com/news/4088471-delta-air-lines-non-gaap-eps-of-0_45-beats-0_08-revenue-of-13_75b-beats-890m">reported strong</a> first-quarter results and provided solid full-year guidance, while its valuation remains very low. And since Delta <a href="https://www.delta.com/us/en/travel-planning-center/find-your-destination/route-map">offers many overseas flights,</a> it&rsquo;s well-positioned to benefit from the continued strong overseas travel trends that I mentioned in the introduction. The airline&rsquo;s Q1 operating income came in at $614 million versus an operating loss of $277 million during the same period a year earlier. Moreover, its operating revenue jumped 8% year-over-year to $13.75 billion and its operating cash flow also advanced an impressive 8% year over year to an impressive $2.4 billion.



For the full year, DAL expects to generate earnings per share of $6 to $7. Based on the midpoint of the guidance range, its<a href="https://finance.yahoo.com/quote/DAL/key-statistics"> forward price-earnings</a> ratio is 7.4 times, which is quite low and attractive.



<h2>MakeMyTrip (MMYT)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2017/02/mmytmsn-300x165.jpg" alt=""><div>Source: Shutterstock</div></div>MakeMyTrip (NASDAQ:<a href="https://investorplace.com/stock-quotes/mmyt-stock-quote/">MMYT</a>) is India&rsquo;s leading online travel agency. In other words, it&rsquo;s the Asian country&rsquo;s version of Booking.com (NASDAQ:<a href="https://investorplace.com/stock-quotes/bkng-stock-quote/">BKNG</a>). Indeed, MMYT has a huge 54% share of the Indian OTA market, The Hindu Business Line reported last year, according to Seeking Alpha columnist The Value Pendulum. 



As I&rsquo;ve noted previously, the Indian economy is quite strong, as the country&rsquo;s GDP is expected by the International Monetary Fund (IMF) to <a href="https://www.imf.org/en/Countries/IND">expand by a large 6.8%</a> this year. Moreover, the company will benefit <a href="https://skift.com/2024/01/09/is-the-world-ready-to-meet-the-indian-middle-class-megatrends-2024/#:~:text=This%20group%20in%20India%20grew,2031%20and%2060%25%20by%202047.">from the rapid growth of the country&rsquo;s</a> middle class. Further, with over 60% of the country&rsquo;s travel still being booked offline, MMYT is likely to grow tremendously in tandem with the nation&rsquo;s online travel sector.



Analysts, on average, <a href="https://finance.yahoo.com/quote/MMYT/analysis">expect its earnings</a> per share to jump to 87 cents this year and $1.32 in 2025, versus a per share loss of 8 cents in 2023.



<h2>Hilton Worldwide Holdings (HLT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/04/hlt1600-300x169.jpg" alt="the sign in front of a Hilton (HLT) hotel"><div>Source: josefkubes / Shutterstock.com</div></div>Like Delta, Hilton Worldwide Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/hlt-stock-quote/">HLT</a>) recently reported very strong results. That indicates it is benefiting a great deal from the continued, powerful travel trends.



Specifically, its top <a href="https://seekingalpha.com/news/4093034-hilton-worldwide-rallies-after-earnings-topper-development-update">line jumped 12%</a> versus the same period a year earlier to $2.57 billion. Revenue per available room (RevPAR), excluding currency fluctuations, climbed 2% year-over-year. Also importantly, its earnings per share advanced to $1.53 from $1.24. Analysts, on average, were expecting its EPS to come in at $1.42, so it easily beat the mean estimate.



For all of 2024, Hilton expects its comparable&nbsp;revenue per available room to rise another 2% to 4%. The firm believes its revenue per available room growth is likely to accelerate this year versus Q4 of 2023. Analysts, on average, <a href="https://finance.yahoo.com/quote/HLT/analysis">expect its</a> EPS to jump to $7.10 this year from $6.21 in 2023.



Bill Ackman&rsquo;s company, Pershing Square, <a href="https://seekingalpha.com/article/4680167-hilton-stock-industry-trends-driving-robust-earnings-growth">called HLT </a>&ldquo;a high-quality, asset-light, high-margin business with significant long-term growth potential.&rdquo; Pershing added that the lodging sector&rsquo;s &ldquo;near-term industry trends remain favorable.&rdquo;



On the date of publication, Larry Ramer&rsquo;s wife held a long position in AXP. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel&rsquo;s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been SMCI, INTC, and MGM. You can reach him on Stocktwits at @larryramer.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/vacation-bound-3-travel-stocks-set-to-surge-this-summer/">Vacation-Bound: 3 Travel Stocks Set to Surge This Summer</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Vacation-Bound: 3 Travel Stocks Set to Surge This Summer

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The tourism sector was among the worst impacted due to the Covid19 pandemic. However, as global travel and tourism now booms, tourism stocks are hot favorites. This view holds true for the short term as well as the long term. 



In fact, international tourism ended 2023 at 88% of pre-pandemic levels. Furthermore, <a href="https://www.unwto.org/news/international-tourism-to-reach-pre-pandemic-levels-in-2024">international tourism hit $1.4 trillion</a> last year. The estimates are rosy for 2024 even with macroeconomic headwinds. 



Additionally, potential rate cuts are expected toward the end of 2024 and in 2025. This will have a positive impact on global growth. Therefore, many expect 2025 to be another good year for travel and tourism.



With positive industry tailwinds, let&rsquo;s explore three tourism stocks likely to double before the end of 2025.



<h2>Expedia Group (EXPE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/11/expe-stock-1-300x169.jpg" alt="building facade with expedia (EXPE) group logo"><div>Source: VDB Photos / Shutterstock.com</div></div>Expedia Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/expe-stock-quote/">EXPE</a>) is among the deeply undervalued tourism stocks to buy. Even after a rally of 41% in the last six months, it trades at a forward price-earnings ratio of 11. With the likelihood of strong quarterly numbers, I am bullish on the stock doubling before the end of 2025.



Expedia Group operates as an online travel company with impressive global presence. The company has made a strong comeback after the pandemic, and Q4 2023 was the highest even fourth quarter revenue.



Further, for the full year, <a href="https://s202.q4cdn.com/757635260/files/doc_financials/2023/q4/Earnings-Release-Q4-2023-vF.pdf">revenue increased by 10%</a> to $12.8 billion. For the same period, adjusted EBITDA increased by 14% to $2.7 billion. With operating leverage, it&rsquo;s likely that EBITDA margin expansion will sustain this year.



Notably, Expedia Group has been <a href="https://www.expediagroup.com/investors/news-and-events/financial-releases/news/news-details/2024/Expedia-Group-Welcomes-New-Partners-to-its-Global-Travel-Ecosystem/default.aspx">aggressively adding new partners</a> to its global travel ecosystem. With positive industry tailwinds, EXPE is likely to accelerate growth in the coming years.



<h2>MakeMyTrip (MMYT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/08/shutterstock_403443151-300x169.jpg" alt="two women carrying luggage in an airport"><div>Source: Shine Nucha / Shutterstock</div></div>MakeMyTrip (NASDAQ:<a href="https://investorplace.com/stock-quotes/mmyt-stock-quote/">MMYT</a>) stock has skyrocketed in the last 12 months. However, the rally for this India-based online tourism company has been from deeply oversold levels. Considering the growth potential, I remain bullish on MMYT stock.



Importantly, India is likely to be among the fastest growing economies. This is true not just for 2024, but for the next ten years. With favorable demographics coupled with a swelling middle-class, the tourism sector is poised for a boom.



Further, estimates indicate that Indian travelers are likely to embark on five billion more trips by 2030. And, spending on travel and tourism is <a href="https://www.cnbc.com/2023/11/02/indian-travelers-are-set-to-be-fourth-largest-global-spenders-by-2030-.html">expected to hit $410 billion</a> by the end of the decade. Clearly, with a massive opportunity, MMYT stock is a potential multibagger.



Investors note a <a href="https://investors.mmtcdn.com/MMYT_IR_Presentation_February_2024_b8b3df5063.pdf">sustained improvement in operating margin</a> post-pandemic. With healthy growth, this improvement is likely to continue, supporting the stock rally. Additionally, a leading position in the Indian online travel market positions MakeMyTrip for accelerated growth in the coming years.



<h2>Tripadvisor (TRIP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/08/tripadvisor1600-300x169.png" alt="Closeup of iPhone Screen with TRIPADVISOR LOGO during Start screen"><div>Source: Mano Kors / Shutterstock.com</div></div>Tripadvisor (NASDAQ:<a href="https://investorplace.com/stock-quotes/trip-stock-quote/">TRIP</a>) is another interesting pick among tourism stocks. The stock trades at an attractive forward price-earnings ratio of 17. With strong financials, the upside momentum for TRIP stock is likely to sustain.



Tripadvisor owns and operates a portfolio of travel media brands and businesses, including Tripadvisor, Viator and TheFork. For 2023, the company reported revenue and EBITDA of $1.8 billion and $334 million, respectively.



In fact, Tripadvisor brand reported EBITDA margin of 34% for the last financial year. Viator <a href="https://ir.tripadvisor.com/static-files/4704aa9d-b88f-49ec-93d7-b2526ccf3e5b">contributed to 38% of total revenue</a> but didn&rsquo;t report any EBITDA profit or loss.



Once the Viator business margin swells, the impact on overall margin and cash flows will be significant. While Tripadvisor revenue growth was 7% year-over-year (YOY), Viator grew at 49%. Therefore, the best part of cash flow upside might be due for the company.



On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-tourism-stocks-to-buy-for-100-returns-by-2025/">3 Tourism Stocks to Buy for 100% Returns by 2025</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Tourism Stocks to Buy for 100% Returns by 2025

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The International Monetary Fund has raised India&rsquo;s GDP growth forecast to 6.8% for 2024 (financial year 2025). Further, growth is <a href="https://www.business-standard.com/economy/news/imf-ups-india-s-gdp-forecast-for-fy25-to-6-8-per-cent-124041600941_1.html">expected to remain robust</a> at 6.5% for 2025. With favorable policies and a rising working-age population, the Indian economy is positioned for healthy growth through the decade. I would, therefore, look at exposure to undervalued Indian stocks for robust returns.



It&rsquo;s important to note that portfolio diversification is important for capital preservation and healthy returns. A key aspect of portfolio diversification for the next decade is exposure to emerging markets. GDP growth in emerging markets will be meaningfully higher than in developed markets.



This column focuses on three undervalued Indian stocks that can double before the end of 2025. I believe these stocks are worth holding for the next five years.



Let&rsquo;s discuss the reasons for being bullish on these stories.



<h2>HDFC Bank (HDB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/hdbstock1600-300x169.jpg" alt="HDFC Bank storefront and logo"><div>Source: Rahul Ramachandram / Shutterstock.com</div></div>HDFC Bank (NYSE:<a href="https://investorplace.com/stock-quotes/hdb-stock-quote/">HDB</a>) is among the most undervalued Indian banking sector stocks to buy. HDB stock has declined by 17% in the last 12 months. However, the downside seems to be capped from current levels for this 1.2% dividend yield stock.



My view is underscored by the point that out of 42 analysts covering the bank, 88% have a buy rating and 12% hold rating. Further, the low-price target is $58.3, which is equal to the current market price. On the other hand, the most <a href="https://edition.cnn.com/markets/stocks/HDB">bullish estimate</a> is for a price target of $86.7. This would imply a rally of almost 50% from current levels.



An important point to note is that India is likely to remain among the fastest-growing economies in the world. The banking sector is the backbone of economic growth, the basis of the bull thesis for HDFC Bank.



I must add that the bank continues to <a href="https://www.hdfcbank.com/content/bbp/repositories/723fb80a-2dde-42a3-9793-7ae1be57c87f/?path=/Footer/About%20Us/Investor%20Relation/Detail%20PAges/financial%20results/PDFs/2024/20April/Q4FY24-Earnings-Presentation.pdf">report stable asset quality</a>. Further, the capital adequacy ratio is healthy at 18.8%. If inflation declines and policymakers cut rates, it will be a key catalyst for robust credit growth.



<h2>WNS Holdings Limited (WNS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/india1600a-300x169.jpg" alt=""><div>Source: Shutterstock</div></div>WNS Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/wns-stock-quote/">WNS</a>) stock has witnessed a sharp correction of 50% in the last 12 months. With WNS stock trading at a forward price-earnings ratio of 9.7, this seems like a good buying opportunity.



As an overview, WNS Holdings is a business process management company. For fiscal year 2024, WNS <a href="https://wnsnorthamerica.gcs-web.com/news-releases/news-release-details/wns-announces-fiscal-2024-fourth-quarter-and-full-year-earnings">clocked revenue of $1.3 billion</a>, which was higher by 8.1% yearly. While WNS stock has plunged, the company added nine new clients in Q4 2024 and expanded its relationship with 40 existing clients.



An important point is that WNS has focused on <a href="https://wnsnorthamerica.gcs-web.com/static-files/f2800942-b15a-4002-a75e-862ff50ed589">aggressively investing</a> in AI and Generative AI. This is likely to help WNS retail clients.



Further, macroeconomic headwinds have impacted client budgets globally. With the possibility of rate cuts in 2024 and 2025, I expect GDP growth acceleration to be positive for WNS. The stock downside is, therefore, a good accumulation opportunity at a valuation gap.



<h2>Yatra Online (YTRA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/air-travel-1600-300x169.png" alt="Plane travel. Man standing in airport waiting for flight. travel stocks to buy"><div>Source: Olena Yakobchuk / Shutterstock</div></div>Let me end with a micro-cap stock discussion. Yatra Online (NASDAQ:<a href="https://investorplace.com/stock-quotes/ytra-stock-quote/">YTRA</a>) is an undervalued online travel and tourism operator in India. YTRA stock has declined by 29% in the last 12 months and looks poised for a strong reversal rally.



It&rsquo;s worth noting that MakeMyTrip (NASDAQ:<a href="https://investorplace.com/stock-quotes/mmyt-stock-quote/">MMYT</a>) is India&rsquo;s largest online travel company. However, MMYT stock has surged 180% in the last 12 months and valuations look stretched. On the other hand, YTRA stock seems to be underrated, but the downside is capped at current levels.



A big reason to like Yatra is that the company has positioned itself as a leading player in the corporate travel market. Yatra has 8,000 big corporate clients and an addressable employee base of over seven million. This sets the company apart from its peers and provides ample headroom for growth.



At the same time, Yatra has initiated investments and focused on the business-to-consumer market. In this segment, the company directly competes with MakeMyTrip. Indians will be the fourth largest spenders on travel and tourism by 2030. With a big market, there is ample scope for growth for multiple players.



On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/3-undervalued-indian-stocks-that-can-double-before-the-end-of-2025/">3 Undervalued Indian Stocks That Can Double Before the End of 2025</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Undervalued Indian Stocks That Can Double Before the End of 2025

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
No stock can become a high-flyer overnight. 



It takes years and steady revenue growth for them to reach the peaks. Smart investors are aware of the fact that identifying under-the-radar stocks on time could lead to impressive returns in the long term. 



Technology is one of the fastest growing sectors in the economy. It has led to massive gains for investors over the past year. The large-cap <a href="https://investorplace.com/industries/technology/">tech stocks</a> always gain attention but then there are a few little-known tech stocks that can outperform the market. Being able to identify such stocks and look beyond the traditional big names could benefit long-term investors.&nbsp;



Here are the three under-appreciated stocks to add to your buy list.



<h2>MakeMyTrip (MMYT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/vacation-slna1600-300x169.png" alt="Beautiful beach. Chairs on the sandy beach near the sea. Summer holiday and vacation concept for tourism. Inspirational tropical landscape. Tranquil scenery, relaxing beach, tropical landscape design. SLNA stock"><div>Source: icemanphotos / Shutterstock.com</div></div>India-based MakeMyTrip&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/mmyt-stock-quote/">MMYT</a>) is up 175% in the past 12 months and 47% year-to-date (YTD). Trading at $68 today, the stock has a significant upside potential driven by the <a href="https://economictimes.indiatimes.com/industry/services/travel/indias-growing-middle-class-poised-to-transform-travel-landscape/articleshow/107018412.cms?from=mdr">travel boom</a> in the country.



India is one of the fastest-growing economies and will&nbsp;continue to&nbsp;remain one for the next five years. Driven by high purchasing power and a growing middle class, the tourism sector will see a significant surge in spending. &nbsp;



If MakeMyTrip manages to benefit fro this massive opportunity, it could become one of the biggest <a href="https://investorplace.com/industries/consumer-discretionary/travel/">travel stocks</a> over the decade. Currently, MMYT dominates in the Indian travel market, often using special offers and discounts to attract users.



In 2023, the company saw the&nbsp;<a href="https://timesofindia.indiatimes.com/business/india-business/makemytrip-announces-q4-2023-sees-robust-recovery-in-travel-demand/articleshow/100281769.cms" target="_blank">highest-ever annual gross bookings</a>&nbsp;which was up by 122% year-over-year (YOY). Then, it reported a profit of $5.4 million in Q4, up from the loss reported in the same quarter the previous year. The upcoming summer will see a surge in travel. So expect the same reflected in the company&rsquo;s revenue.&nbsp;



Estimates indicate that 43% of&nbsp;Indians are planning to take a trip this year. Furthermore, an&nbsp;American Express (NYSE:<a href="https://investorplace.com/stock-quotes/axp-stock-quote/">AXP</a>)&nbsp;report highlights that <a href="https://www.business-standard.com/finance/personal-finance/62-of-indians-plan-to-spend-more-on-travel-this-year-vs-global-average-of-40-124032000196_1.html">62% of&nbsp;Indians plan to spend more on travel</a> compared to the 40% global average.&nbsp;



Driven by the rapid expansion of the economy, we can expect MakeMyTrip to show accelerated growth.&nbsp;



<h2>Baidu (BIDU)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/bidu-stock-1-300x169.jpg" alt="An Apollo self-driving car from Baidu drives around California.. BIDU stock"><div>Source: Sundry Photography / Shutterstock.com</div></div>Despite China and U.S. geopolitical tensions, Baidu&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/bidu-stock-quote/">BIDU</a>) is an under-the-radar stock because of its artificial intelligence (AI) prowess.



Baidu has been integrating AI into its services at a rapid pace. Its chatbot known as Ernie already attracts <a href="https://www.cnbc.com/2024/04/16/baidu-says-its-chatgpt-like-ernie-bot-exceeds-200-million-users.html">200 million</a> daily users.



BIDU is expanding its quantum computing sector and investing in R&amp;D spending on research and development. Recently, Tesla&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) and Baidu&nbsp;<a href="https://www.scmp.com/tech/big-tech/article/3261079/tesla-seals-deal-baidu-china-maps-whether-ceo-elon-musk-wants-them-or-not" target="_blank">sealed a deal</a>&nbsp;where Baidu will offer its Chinese maps to Tesla&nbsp;for the development of&nbsp;its full self-driving vehicle.&nbsp;



In fact, Baidu is one of the 20 Chinese entities with top-level map surveying qualifications So, the stock popped after this announcement. BIDU is up 5% in the week and is exchanging hands for $111. 



Even Apple held talks with Baidu for the&nbsp;<a href="https://www.globaltimes.cn/page/202403/1309555.shtml" target="_blank">usage of AI</a>&nbsp;for its devices in China. But no confirmation has come through yet. A drop in sales in China and growing competition could have led to Apple considering working with a Chinese company to accelerate AI in its models.&nbsp;



Overall, Baidu stock is down 9% YTD and 11% in the past 12 months. However, Baidu&rsquo;s AI investment and the Tesla deal could help revenue growth.&nbsp;



<h2>Pure Storage (PSTG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/pstg-1600-300x169.png" alt="The Pure Storage logo at the entrance to its office in Mountain View, California. PSTG stock."><div>Source: Tada Images / Shutterstock</div></div>Pure Storage&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/pstg-stock-quote/">PSTG</a>) is a tech company that offers flash memory-based server storage solutions. Its storage solutions make it easier for companies to&nbsp;get access to&nbsp;AI-driven insights and their solutions can be automatically added into the AI products. Due to the massive amount of data needed for AI applications, Pure Storage&rsquo;s products will continue to dominate the industry.&nbsp;



In the fourth quarter, the company saw a rise in the subscription revenue. And it has a strong outlook for fiscal 2025. After beating estimates, the management guided for a double-digit percentage rate improvement in operating income and revenue.



For the&nbsp;<a href="https://investor.purestorage.com/news-and-events/press-releases/press-release-details/2024/Pure-Storage-Announces-Fiscal-Fourth-Quarter-and-Full-Year-2024-Financial-Results/default.aspx" target="_blank">full year,</a>&nbsp;its revenue came in at $2.8 billion and the subscription revenue stood at $1.2 billion, up 26% YOY. It ended the year with outstanding performance obligations worth $2.3 billion, up 31% YOY.&nbsp;



The stock is already up 127% in the 12 months and 50% YTD. It has set momentum for the year and the upcoming results could&nbsp;give it a boost. This under-the-radar stock can hit record highs.&nbsp;



If you think there are better <a href="https://investorplace.com/industries/technology/artificial-intelligence/">AI stocks</a> around, you are not wrong. Pure Storage isn&rsquo;t the hottest AI stock, but it has potential to generate impressive gains. 



On the date of publication, Vandita Jadeja did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Vandita Jadeja is a CPA and a freelance financial copywriter who loves to read and write about stocks. She believes in buying and holding for long term gains. Her knowledge of words and numbers helps her write clear stock analysis.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/3-under-the-radar-stocks-for-your-spring-must-buy-list/">3 Under-the-Radar Stocks for Your Spring Must-Buy List</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Under-the-Radar Stocks for Your Spring Must-Buy List

ADYEY

ADYYF

AKRBF

ATAT

BIDU

BKNG

CRWD

DELL

DKNG

EXPE

GNZUF

JDHIF

JDHIY

LVMHF

NVDA

PSTG

SSNLF

TRIP

WXIBF

WXXWY

XPEV

YTRA

Press Releases

MakeMyTrip Limited to report Fiscal 2023 Fourth Quarter and Full Year Financial & Operating Results on May 16, 2023

MakeMyTrip Limited to Report Fiscal 2024 First Quarter Financial & Operating Results on August 01, 2023

MakeMyTrip Limited Announces Details of its Annual Shareholders Meeting

MakeMyTrip Limited to report Fiscal 2024 Second Quarter Financial & Operating Results on October 31, 2023

MakeMyTrip Limited to Report Fiscal 2024 Third Quarter Financial & Operating Results on January 23, 2024

MakeMyTrip Limited Announces Repurchase Right Notification for 0.00% Convertible Senior Notes due 2028

MakeMyTrip Limited Announces Completion of the Repurchase Right Offer for Its 0.00% Convertible Senior Notes due 2028

MakeMyTrip Limited to report Fiscal 2024 Fourth Quarter and Full Year Financial & Operating Results on May 15, 2024

Airbnb

Atour Lifestyle Holdings Limited - American Depositary Shares

Atour Lifestyle Holdings

Booking Holdings

Choice Hotels International, Inc. Common Stock

Choice Hotels Intl

Despegar.com

Expedia Group

Global Business Travel Group, Inc. Class A Common Stock

Global Business Travel

GreenTree Hospitality Group Ltd. American depositary shares, each representing one Class A ordinary share

GreenTree Hospitality Gr

Hyatt Hotels Corporation Class A Common Stock

Hyatt Hotels

Hilton Grand Vacations

Hilton Worldwide Holdings Inc. Common Stock

Hilton Worldwide Holdings

H World Group Limited - American Depositary Shares

H World Group

Intercontinental Hotels Group American Depositary Shares (Each representing one Ordinary Share)

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MakeMyTrip Stock (NASDAQ:MMYT), Short Interest Report

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