MMYT Should I Buy
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At close0.000(0.000%)Aft-market
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MMYT is not a strong buy right now for a Beginner investor focused on the long term. The stock is trading close to resistance in pre-market, but the broader trend is still mixed to bearish and there is no strong proprietary buy signal today. My direct view: wait rather than buy immediately.
The technical picture is conflicted. MACD is positive and improving, which supports near-term momentum, but the moving averages are still bearish with SMA_200 > SMA_20 > SMA_5, showing the longer-term trend has not fully turned up. RSI_6 at 69.728 suggests the stock is near overbought territory. Price at 46.41 is just below R1 at 46.894 and below R2 at 48.975, so the stock is pressing resistance rather than offering a clear low-risk entry. The pattern data also points to weakness over the next day and week, even if the monthly outlook is slightly better.
["Citi still has a Buy rating and sees near-term quarter-over-quarter and year-over-year growth.", "Citi noted adjusted EBIT of $46M beat estimates by 2%.", "Constant-currency gross bookings and adjusted revenues grew 5% and 13% year-over-year.", "Options data shows bullish positioning with low put-call ratios.", "No negative news in the last week, which removes a near-term headline overhang."]
["Multiple analysts cut price targets recently, including Citi, Goldman Sachs, and BofA.", "Goldman cited ongoing estimate downgrades, demand headwinds, INR translation pressure, AI disruption fears, and balance sheet concerns.", "BofA expects a soft quarter due to Middle East war-related travel disruption and no near-term rally catalyst.", "Technical trend is still structurally bearish based on moving averages.", "Pattern analysis suggests downside over the next day and week."]
No usable financial snapshot was provided, so I cannot assess the latest quarter in detail. Based on the analyst commentary, the most recent quarter appeared solid on profitability and top-line growth: adjusted EBIT beat estimates, and constant-currency gross bookings and adjusted revenues grew 5% and 13% year-over-year. The latest quarter season referenced in the analyst notes is Q4 ahead of the reported results, with management/analyst discussion focused on fiscal 2026 and FY27 growth expectations.
Wall Street remains constructive but more cautious than before. Citi and Goldman Sachs both kept Buy ratings, but price targets were cut materially, and BofA also lowered its target while staying Buy. That means the pros still like the business long term, but they are trimming expectations because of macro, geopolitical, and FX pressures. Overall, the Wall Street view is bullish on quality but less enthusiastic on near-term upside. No recent politician or influential figure trading was reported, and there is no congress trading data available.
