MakeMyTrip (NASDAQ:MMYT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of MakeMyTrip (NASDAQ:MMYT) from a sell rating to a hold rating in a research report released on Saturday,Wall Street Zen reports.

A number of other equities research analysts have also issued reports on MMYT. The Goldman Sachs Group set a $84.00 price target on shares of MakeMyTrip in a report on Saturday, June 27th. Bank of America lowered their price objective on shares of MakeMyTrip from $71.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, September 28th. Zacks Research downgraded shares of MakeMyTrip from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Finally, HSBC began coverage on shares of MakeMyTrip in a report on Thursday, July 2nd. They set a “buy” rating and a $70.00 target price for the company. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $73.50.

MakeMyTrip Stock Performance

NASDAQ:MMYT opened at $41.20 on Friday. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 29.64 and a beta of 1.07. MakeMyTrip has a 52-week low of $32.67 and a 52-week high of $92.09. The stock has a fifty day moving average of $50.55 and a 200 day moving average of $51.96.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings data on Monday, October 26th. The technology company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.43. The firm had revenue of $235.16 million for the quarter, compared to analysts’ expectations of $269.09 million. MakeMyTrip had a net margin of 3.23% and a negative return on equity of 632.52%. Equities analysts forecast that MakeMyTrip will post 1.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MakeMyTrip

Institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its stake in shares of MakeMyTrip by 74.3% during the first quarter. EverSource Wealth Advisors LLC now owns 990 shares of the technology company’s stock valued at $37,000 after buying an additional 422 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of MakeMyTrip by 26.6% in the third quarter. Farther Finance Advisors LLC now owns 2,007 shares of the technology company’s stock valued at $95,000 after acquiring an additional 422 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in MakeMyTrip by 416.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 677 shares of the technology company’s stock worth $56,000 after acquiring an additional 546 shares during the period. Signaturefd LLC lifted its stake in MakeMyTrip by 9.0% in the third quarter. Signaturefd LLC now owns 7,309 shares of the technology company’s stock worth $345,000 after acquiring an additional 602 shares during the period. Finally, SG Americas Securities LLC grew its holdings in MakeMyTrip by 31.0% during the 1st quarter. SG Americas Securities LLC now owns 12,731 shares of the technology company’s stock worth $475,000 after acquiring an additional 3,016 shares in the last quarter. Hedge funds and other institutional investors own 51.89% of the company’s stock.

Key MakeMyTrip News

Here are the key news stories impacting MakeMyTrip this week:

• Positive Sentiment: MakeMyTrip reported quarterly EPS of $0.47, far above the consensus estimate of $0.04. Adjusted earnings also increased year over year, supporting the view that the company is converting travel demand into improved profitability. MakeMyTrip’s Fiscal Q2 Adjusted Earnings, Revenue Rise
• Positive Sentiment: The company’s profit improvement was notable despite challenging foreign-exchange conditions. Reports described the quarter as a profitability-positive result, which helps explain why shares initially moved higher even though the top-line result missed expectations. MakeMyTrip stock rises on profit view despite revenue miss
• Neutral Sentiment: Management’s earnings call provides additional context on bookings, operating trends, and the impact of currency movements. Investors will likely focus on whether underlying demand remains strong enough to offset foreign-exchange pressure in coming quarters. MakeMyTrip Q2 2027 Earnings Call Transcript
• Negative Sentiment: Revenue was $235.16 million, below the $269.09 million analyst consensus. Coverage attributed much of the shortfall to currency translation, but the miss could still raise concerns about reported growth and weigh on the stock if it persists. MakeMyTrip Q2 2027 Revenue Miss
• Neutral Sentiment: A report showing zero reported short interest suggests limited evidence of short-covering activity; the figure may also reflect a reporting-data issue rather than a meaningful change in investor positioning.

About MakeMyTrip

MakeMyTrip Limited is an online travel company serving consumers in India and international travelers booking trips to and from the country. Founded in 2000 by Deep Kalra, the company operates through a portfolio of travel brands, including MakeMyTrip, Goibibo and redBus.

The company provides online and mobile booking services for domestic and international flights, hotels and other accommodations, holiday packages, trains, buses, car rentals and airport transfers. Through redBus, it also offers bus ticketing services across India and selected international markets.