MakeMyTrip Agrees To Acquire Happay, Bolstering Its Arsenal For Corporate Travel Solutions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 18 2024
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Source: Benzinga
Acquisition Announcement: MakeMyTrip Limited is acquiring the Happay Expense Management Platform from CRED, enhancing its corporate travel and expense management services. The deal is expected to close within 90 days.
Leadership Statements: MakeMyTrip's CEO emphasized that this acquisition aligns with their strategy to lead in the corporate travel space, while CRED's founder highlighted the opportunity for both teams to focus on their strengths and drive growth in their respective domains.
Analyst Views on FMQQ
Wall Street analysts forecast FMQQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FMQQ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 13.415
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Current: 13.415
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
