MMYT MakeMyTrip Limited

BofA Securities has lowered its price target for MakeMyTrip (NASDAQ:MMYT) to $113 from $115, while maintaining a Buy rating, due to anticipated softer growth of 16% year-over-year attributed to IndiGo’s flight disruptions. Despite concerns about the stock appearing overvalued by InvestingPro data and potential downside risks to revenue targets, BofA believes MakeMyTrip is outperforming peers and projects a small positive net income. This adjustment follows MakeMyTrip's Q2 2025 earnings report, which showed an EPS beat but a revenue miss.

BofA Securities has lowered its price target for MakeMyTrip (NASDAQ:MMYT) to $113 from $115, while maintaining a Buy rating, due to anticipated softer growth caused by IndiGo's flight disruptions. The firm expects MakeMyTrip to report 16% year-over-year growth on a reported currency basis and 18% constant currency growth for fiscal year 2026, slightly below management's 20% target. Despite these headwinds, BofA projects a flat adjusted EBIT margin and a small positive net income for the company.

Zevenbergen Capital Investments LLC acquired a new stake in MakeMyTrip Limited (NASDAQ:MMYT) during the third quarter, purchasing 41,560 shares valued at approximately $3.89 million. Several other institutional investors also increased their holdings, bringing total institutional ownership to about 51.89%. Analysts currently have a "Moderate Buy" rating on the stock with a consensus target price of $120.00.

Wall Street analysts show optimism for MakeMyTrip (MMYT) with an average brokerage recommendation of 1.31, indicating a "Strong Buy" to "Buy." However, the article cautions against relying solely on these ratings due to inherent positive bias and suggests validating them with independent research, such as the Zacks Rank. MakeMyTrip currently holds a Zacks Rank #3 (Hold) due to unchanged earnings estimate revisions, advising a cautious approach despite the bullish ABR.

MakeMyTrip (MMYT) saw a 2.41% gain, closing at $84.59, while the broader market indices like the S&P 500, Dow, and Nasdaq experienced losses. The online travel company's stock has risen 8.38% in the past month, outperforming its sector and the general market. Investors are anticipating future earnings, with analysts forecasting a 10.26% EPS increase and 17.3% revenue growth for the upcoming report, contributing to a Zacks Rank of #3 (Hold) despite its premium Forward P/E ratio.

MakeMyTrip (MMYT) shares rallied 5.2% in the last trading session, closing at $82.6, driven by growth in international air ticketing and hotel revenues and a rebound in travel demand. The company is expected to post quarterly earnings of $0.43 per share and revenues of $313.62 million in its upcoming report. Despite the recent jump, the stock currently carries a Zacks Rank #3 (Hold), as earnings estimate revisions have remained unchanged.