A number of firms have modified their ratings and price targets on shares of MakeMyTrip (NASDAQ: MMYT) recently:
- 7/24/2024 – MakeMyTrip was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
- 7/24/2024 – MakeMyTrip had its price target raised by analysts at Citigroup Inc. from $93.00 to $115.00. They now have a “buy” rating on the stock.
- 7/24/2024 – MakeMyTrip had its price target raised by analysts at Bank of America Co. from $95.00 to $100.00. They now have a “buy” rating on the stock.
- 7/12/2024 – MakeMyTrip was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
- 7/8/2024 – MakeMyTrip had its price target raised by analysts at Bank of America Co. from $88.00 to $95.00. They now have a “buy” rating on the stock.
MakeMyTrip Price Performance
Shares of MMYT opened at $89.55 on Friday. MakeMyTrip Limited has a fifty-two week low of $28.13 and a fifty-two week high of $100.22. The firm’s 50-day simple moving average is $83.30 and its two-hundred day simple moving average is $69.55. The stock has a market cap of $9.83 billion, a PE ratio of 53.62, a price-to-earnings-growth ratio of 6.97 and a beta of 1.30. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.78.
MakeMyTrip (NASDAQ:MMYT – Get Free Report) last posted its quarterly earnings data on Wednesday, May 15th. The technology company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. MakeMyTrip had a return on equity of 11.04% and a net margin of 26.11%. The company had revenue of $202.89 million during the quarter, compared to analyst estimates of $195.15 million. Analysts anticipate that MakeMyTrip Limited will post 0.96 earnings per share for the current fiscal year.
Hedge Funds Weigh In On MakeMyTrip
MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing.
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