Stock Price & Analysis

Based on the analysis of MMYT's stock performance and financials, it is recommended to buy the stock as it presents a promising long-term investment opportunity despite current market downtrend.

The price prediction for MMYT stock in 2025 is $110. This forecast is supported by strong analyst price targets, improving financial performance, and positive industry trends.

The S1 support level for MMYT Stock is $84.06 ,The R1 resistant level for MMYT Stock is $96.05.

As of the end of day on 2025-03-14, the price of MMYT Stock was $94.02.

The target price for MMYT Stock according to analyst rating is 120.00, with the highest price target at 135.00 and the lowest at 105.00. Analysts have a Strong Buy rating on MMYT Stock overall.

The market cap of MMYT is $10.3B.

Analysis and Insights

MakeMyTrip (MMYT) appears overvalued based on its current valuation metrics and recent financial performance. Here's the analysis:

1. High Valuation Metrics:

   • The stock has a trailing P/E ratio of 55.88 and an EV/EBITDA of 83.12, both significantly higher than industry averages, indicating a premium valuation.
   • The price-to-sales (P/S) ratio of 14.38 further suggests investors are paying a high price per dollar of revenue.

2. Mixed Earnings Performance:

   • While Q3 2025 revenue beat expectations at $267.36 million, EPS of $0.23 fell short of the $0.27 consensus estimate, reflecting margin pressures.

3. Technical Weakness:

   • The stock recently crossed below its 200-day moving average, a bearish signal, with the price currently trading at $95.30.

4. High Debt Levels:

   • The debt-to-equity ratio of 2.88 indicates elevated leverage, which could pose risks if growth slows.

5. Analyst Optimism:

   • Despite these challenges, analysts maintain a Strong Buy rating with a price target of $130, citing strong travel demand and improving margins.

In conclusion, while MMYT's growth prospects are strong, its current valuation and technical weakness suggest it may be overvalued. Investors should monitor earnings and margin improvements closely.

MakeMyTrip Limited is an online travel provider. The Company's segments include Air Ticketing, Hotels and Packages and Bus Ticketing. The Air ticketing segment provides the facility to book domestic and international air tickets through Internet-based platforms. The Hotels and packages segment provides holiday packages and hotel reservations through Internet-based platforms, call centers, and franchise stores. The Bus ticketing segment provides the facility to book domestic and international bus tickets through Internet-based platforms. Through its primary websites, such as www.makemytrip.com, www.goibibo.com, and www.redbus.in, and mobile platforms, travelers can research, plan and book a range of travel services and products in India, as well as overseas. The Company's services and products include air ticketing, hotels and packages, bus tickets, rail tickets, car hire, activities and experiences, and ancillary travel requirements. It also provides an inter-city car rental service.

MakeMyTrip (MMYT) stock is expected to reach $120-$150 by 2030, driven by strong growth in India's travel sector and improving margins. The company's recent Q3 results show revenue of $267.36 million, beating estimates, with a 26.8% YoY increase in gross bookings, reflecting robust demand. While short-term technical indicators show weakness, long-term fundamentals remain strong, supported by India's expanding travel market.

MMYT has a total of 4090 employees.