MakeMyTrip Limited

MMYTNASDAQConsumer DiscretionaryTravel Services

$41.20- (-)1Y −49.02%

As of Oct 26, 2026 close

Market cap: $4.05B
P/E (TTM): 118.19
Forward P/E: 264.91
Dividend yield: -
52-week range: $32.67$92.09
Volume (live): -
Avg. volume (3M): 1.13M

MakeMyTrip Limited (MMYT) Analyst Forecast

Analyst consensus ratings, 12-month price targets, and expert recommendations for MakeMyTrip Limited stock.

Analyst Consensus Rating

Investment consensus from 4 professional research analysts

Consensus Rating

Buy

Based on 4 unique analysts

Low Confidence∞:1 Buy/Sell

Average Price Target

$72.50

+75.97% upside

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Strong Sell

Sell

Hold

Buy

Strong Buy

Latest MMYT Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Date	Analyst	Firm	Action	Rating	Price Target
Sep 28, 2026	Sachin Salgaonkar	BofA Securities	Reiterates	Buy	$71.00 → $60.00 −11.00 (−15.5%)
Aug 28, 2026	Zacks Equity Research	Zacks Equity Research	Initiates Coverage	Hold	-
Aug 27, 2026	Anirudha Bhagat	Zacks Equity Research	Initiates Coverage	Hold	-
Aug 4, 2026	Manish Adukia	Goldman Sachs	Maintains	Buy	$84.00 → $85.00 +1.00 (+1.2%)

Sachin Salgaonkar

BofA Securities

BuyReiterates

$71.00 → $60.00

Sep 28

Zacks Equity Research

HoldInitiates Coverage

Aug 28

Anirudha Bhagat

Zacks Equity Research

HoldInitiates Coverage

Aug 27

Manish Adukia

Goldman Sachs

BuyMaintains

$84.00 → $85.00

Aug 4

Source: Professional analyst ratings and price targets from the last 90 days. Data as of Sep 28, 2026. Data sources and methodology

Frequently Asked Questions

What is the analyst consensus rating for MMYT?

The analyst consensus rating for MMYT is Buy, based on the latest ratings from 4 analysts over the last 90 days.

What is the average price target for MMYT?

The average 12-month price target for MMYT is $72.50, representing an upside of 76.0% from the Oct 26, 2026 close of $41.20.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.