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NASDAQ: MMYT
Makemytrip Ltd Stock Forecast, Predictions & Price Target

Analyst price target for MMYT

Based on 4 analysts offering 12 month price targets for Makemytrip Ltd.
Min Forecast
$36.00+30.96%
Avg Forecast
$40.75+48.24%
Max Forecast
$44.00+60.06%

Should I buy or sell MMYT stock?

Based on 4 analysts offering ratings for Makemytrip Ltd.
Strong Buy
Strong Buy
4 analysts 100%
Buy
0 analysts 0%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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MMYT stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Morgan Stanley
Bottom 38%
38
Strong BuyUpgrades$36.00+30.96%2022-12-08
JP Morgan
Bottom 29%
29
Strong BuyInitiates Coverage On$44.00+60.06%2022-09-14
Bank of America
Bottom 21%
21
Strong BuyUpgrades$40.00+45.51%2022-08-30
Citigroup
Bottom 41%
41
Strong BuyMaintains$43.00+56.42%2022-05-26

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Forecast return on equity

Is MMYT forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
13.24%

Forecast return on assets

Is MMYT forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

MMYT earnings per share forecast

What is MMYT's earnings per share in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
-$0.18
Avg 2 year Forecast
$0.28
Avg 3 year Forecast
$0.70

MMYT revenue forecast

What is MMYT's revenue in the next 3 years based on estimates from 1 analyst?
Avg 1 year Forecast
$643.1M+20.64%
Avg 2 year Forecast
$799.5M+49.96%
Avg 3 year Forecast
$946.6M+77.56%
MMYT's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

MMYT revenue growth forecast

How is MMYT forecast to perform vs Travel Services companies and vs the US market?
Company
21.16%
Industry
13.43%
Market
9.21%
MMYT's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
MMYT's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

MMYT vs Travel Stocks

TickerPricePrice TargetUp/downsideConsensus
MMYT$27.49$40.75+48.24%Strong Buy
TRIP$23.93$23.82-0.47%Hold
RXO$20.40$20.90+2.45%Buy
MOND$11.00$13.00+18.18%Strong Buy
LIND$12.02$16.25+35.19%Buy

Makemytrip Stock Forecast FAQ

Is Makemytrip Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 4 Wall Street analysts covering (NASDAQ: MMYT) stock is to Strong Buy MMYT stock.

Out of 4 analysts, 4 (100%) are recommending MMYT as a Strong Buy, 0 (0%) are recommending MMYT as a Buy, 0 (0%) are recommending MMYT as a Hold, 0 (0%) are recommending MMYT as a Sell, and 0 (0%) are recommending MMYT as a Strong Sell.

If you're new to stock investing, here's how to buy Makemytrip stock.

What is MMYT's earnings growth forecast for 2023-2025?

(NASDAQ: MMYT) Makemytrip's forecast annual earnings growth rate of N/A is not forecast to beat the US Travel Services industry's average forecast earnings growth rate of 40.38%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 21.99%.

Makemytrip's earnings in 2023 is -$21,050,000.On average, 2 Wall Street analysts forecast MMYT's earnings for 2023 to be -$19,639,604, with the lowest MMYT earnings forecast at -$20,730,693, and the highest MMYT earnings forecast at -$18,548,515. On average, 2 Wall Street analysts forecast MMYT's earnings for 2024 to be $30,550,495, with the lowest MMYT earnings forecast at $27,277,228, and the highest MMYT earnings forecast at $34,914,852.

In 2025, MMYT is forecast to generate $76,376,238 in earnings, with the lowest earnings forecast at $76,376,238 and the highest earnings forecast at $76,376,238.

What is MMYT's revenue growth forecast for 2023-2025?

(NASDAQ: MMYT) Makemytrip's forecast annual revenue growth rate of 21.16% is forecast to beat the US Travel Services industry's average forecast revenue growth rate of 13.43%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 9.21%.

Makemytrip's revenue in 2023 is $533,100,000.On average, 1 Wall Street analysts forecast MMYT's revenue for 2023 to be $70,169,031,753, with the lowest MMYT revenue forecast at $70,169,031,753, and the highest MMYT revenue forecast at $70,169,031,753. On average, 1 Wall Street analysts forecast MMYT's revenue for 2024 to be $87,227,118,899, with the lowest MMYT revenue forecast at $87,227,118,899, and the highest MMYT revenue forecast at $87,227,118,899.

In 2025, MMYT is forecast to generate $103,280,312,974 in revenue, with the lowest revenue forecast at $103,280,312,974 and the highest revenue forecast at $103,280,312,974.

What is MMYT's forecast return on assets (ROA) for 2023-2026?

(NASDAQ: MMYT) forecast ROA is N/A, which is lower than the forecast US Travel Services industry average of N/A.

What is MMYT's Price Target?

According to 4 Wall Street analysts that have issued a 1 year MMYT price target, the average MMYT price target is $40.75, with the highest MMYT stock price forecast at $44.00 and the lowest MMYT stock price forecast at $36.00.

On average, Wall Street analysts predict that Makemytrip's share price could reach $40.75 by Dec 8, 2023. The average Makemytrip stock price prediction forecasts a potential upside of 48.24% from the current MMYT share price of $27.49.

What is MMYT's Earnings Per Share (EPS) forecast for 2023-2025?

(NASDAQ: MMYT) Makemytrip's current Earnings Per Share (EPS) is -$0.19. On average, analysts forecast that MMYT's EPS will be -$0.18 for 2023, with the lowest EPS forecast at -$0.19, and the highest EPS forecast at -$0.17. On average, analysts forecast that MMYT's EPS will be $0.28 for 2024, with the lowest EPS forecast at $0.25, and the highest EPS forecast at $0.32. In 2025, MMYT's EPS is forecast to hit $0.70 (min: $0.70, max: $0.70).

What is MMYT's forecast return on equity (ROE) for 2023-2026?

(NASDAQ: MMYT) forecast ROE is N/A, which is considered weak.
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