MMYT

MAKEMYTRIP LTD Analysis: MAKEMYTRIP LTD (MMYT) has received a 66% rating using the P/B Growth Investor model by Partha Mohanram, indicating it is a large-cap growth stock with potential for sustained future growth based on its fundamentals and valuation.

Partha Mohanram's Contribution: Partha Mohanram, an academic known for his research on growth investing, developed a model that challenges traditional views and helps identify successful growth stocks, enhancing investment strategies beyond conventional methods.

Stock Performance Overview: MMYT's stock has a 52-week low of $60.55 and a high of $123, with the last trade recorded at $100.11.

Author's Perspective Disclaimer: The opinions expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.

Stock Performance Overview: MMYT's stock has a 52-week low of $56.90 and a high of $123, with the last trade recorded at $95.30.

Market Insights: The article mentions other stocks that have recently fallen below their 200-day moving average, indicating potential market trends.

U.S. Stock Market Performance: U.S. stocks declined with the Dow Jones index dropping over 100 points, while IDEXX Laboratories saw a significant rise of 10.2% after reporting better-than-expected quarterly earnings and revenue.

Notable Stock Gains: Several companies experienced substantial stock gains, including GH Research PLC (up 75.4%), Triumph Group, Inc. (up 34.2%), and others like Kingsoft Cloud Holdings and Stratasys Ltd, reflecting positive developments in their respective sectors.

Mixed Financial Results: MakeMyTrip Limited reported third-quarter fiscal 2025 results with revenue of $267.36 million, exceeding expectations, but earnings per share (EPS) of $0.23 fell short of the projected $0.27.

Growth in Travel Sector: The company experienced a 26.8% year-over-year increase in gross bookings, reflecting strong growth across all business segments and improved adjusted operating profit of $46.0 million.

U.S. Stock Market Performance: U.S. stock indexes closed higher on Tuesday, with the Dow up 1.24%, S&P 500 gaining 0.88%, and NASDAQ rising 0.64%. Rocket Lab USA Inc. led gains among large companies, surging 30.29%.

Global Market Trends: Asian markets showed mixed results while European indexes rose; Brent crude oil and gold futures saw slight increases, and Bitcoin remained stable at $106,147.

Airbnb's Stock Performance: Airbnb (ABNB) shares have declined by 4.8% over the past year, underperforming both the Consumer Discretionary sector and the Leisure and Recreation Services industry due to travel demand volatility and increased competition from established rivals and experience-focused platforms.

Financial Outlook and Investor Sentiment: The company anticipates margin compression in Q4, with earnings estimates for Q1 2025 showing a significant year-over-year decline, leading to a Zacks Rank #4 (Sell), indicating that investors should be cautious about investing in the stock at this time.

Industry Growth Potential: The Internet Delivery Services industry, including companies like GoDaddy, MakeMyTrip, QuinStreet, and Asure Software, is poised for growth due to increasing internet penetration, smartphone adoption, and shifting consumer preferences towards online services, despite facing challenges from macroeconomic uncertainties and high operational costs.

Company Performance Highlights: Each company in the sector shows promising earnings outlooks, with Asure Software focusing on HCM solutions, QuinStreet benefiting from increased ad spending, GoDaddy expanding its web hosting services, and MakeMyTrip recovering from pandemic impacts, all contributing to a positive Zacks Industry Rank indicating strong near-term prospects.

Financial Reporting Announcement: MakeMyTrip Limited will report its fiscal 2025 third quarter financial results on January 23, 2025, and will host a live Zoom webinar with senior management at 7:30 am EDT that same day.

Company Overview: MakeMyTrip operates popular online travel brands and offers a variety of travel services including air ticketing, hotel bookings, holiday planning, and more, catering to both domestic and international travelers.

Upcoming Financial Report: MakeMyTrip Limited will release its fiscal 2025 third quarter financial results on January 23, 2025, before market opening, and will host a live Zoom Webinar with senior management at 7:30 am EDT the same day.

Company Overview: MakeMyTrip operates popular online travel brands like MakeMyTrip, Goibibo, and redBus, offering various travel services including air ticketing, hotel bookings, holiday planning, and more for both domestic and international travelers.

MAKEMYTRIP LTD Performance: MAKEMYTRIP LTD (MMYT) has received a 100% rating from Validea's Quantitative Momentum Investor model, indicating strong interest based on its fundamentals and valuation as a large-cap growth stock in the Business Services industry.

Wesley Gray's Expertise: Wesley Gray, founder of Alpha Architect and author of notable investment books, is recognized for his expertise in quantitative investing strategies, which underpin the analysis of stocks like MMYT.

Analyst Rating Changes: Goldman Sachs lowered price targets for Bright Horizons and KinderCare while maintaining Buy ratings, while Rodman & Renshaw downgraded Viracta Therapeutics from Buy to Neutral. Raymond James raised Masimo Corporation's target and maintained an Outperform rating.

Market Reactions: MakeMyTrip saw its price target increased by B of A Securities, with a maintained Buy rating, as the stock market experiences mixed sentiments amid holiday trading.

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MakeMyTrip Performance: MakeMyTrip (MMYT) saw a 1.79% increase in its stock price, closing at $116.21, while analysts anticipate an upcoming earnings report showing a 25.71% rise in EPS year-over-year and a revenue increase of 19.82%.

Valuation Concerns: The company currently has a high Forward P/E ratio of 70.91 compared to the industry average of 27.67, and holds a Zacks Rank of #4 (Sell), indicating potential concerns about its valuation and market performance.

MakeMyTrip Performance: MakeMyTrip (MMYT) saw a slight decline of 0.43% in its stock price, but has gained 14.04% over the past month, outperforming both the Computer and Technology sector and the S&P 500. Analysts anticipate earnings growth of 25.71% year-over-year in their upcoming earnings report.

Valuation Metrics and Analyst Confidence: MMYT holds a Zacks Rank of #3 (Hold) with a high Forward P/E ratio of 72.98 compared to the industry average of 25.72, indicating a premium valuation. Recent analyst estimate revisions suggest confidence in the company's performance, as it is expected to achieve significant revenue and earnings growth in the coming year.

U.S. Stock Performance: U.S. stocks showed mixed results with the Nasdaq Composite gaining approximately 100 points, while United Natural Foods, Inc. saw a significant rise of 29% after reporting better-than-expected financial results and raising its FY25 guidance.

Notable Stock Gains: Several companies experienced substantial stock increases, including uniQure N.V. (up 105.6%), NewAmsterdam Pharma Company N.V. (up 35.5%), and Byrna Technologies Inc. (up 16.7%), following positive announcements related to FDA agreements, trial data, and record revenues.

MAKEMYTRIP LTD Performance: MAKEMYTRIP LTD (MMYT) has received a 100% rating from Validea's Quantitative Momentum Investor model, indicating strong interest based on its fundamentals and valuation in the Business Services industry.

Wesley Gray's Expertise: Wesley Gray, founder of Alpha Architect and author of notable investment books, is recognized for his expertise in quantitative investing strategies, which underpin the analysis of stocks like MMYT.

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.

MakeMyTrip Acquires Happay: MakeMyTrip has signed a Business Transfer Agreement to acquire the Happay Expense Management Platform from CRED, enhancing its corporate travel and expense management solutions. The acquisition includes Happay's brand, business, and team, aiming to redefine benchmarks in this sector.

Focus on Corporate Travel Growth: With over 59,000 corporate clients using its MyBiz platform and more than 450 large corporates through Quest2Travel, MakeMyTrip is committed to innovation and user experience in corporate travel booking, while CRED retains Happay's payments business for further development.