In a report released yesterday, Vijit Jain from Citi maintained a Buy rating on Makemytrip (MMYT – Research Report), with a price target of $43.00. The company’s shares closed yesterday at $29.30.
According to TipRanks, Jain is ranked #6015 out of 8447 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Makemytrip with a $39.00 average price target.
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MMYT market cap is currently $2.86B and has a P/E ratio of -270.23.
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MakeMyTrip Ltd. is an online travel company. Its services and products include air ticketing, hotels and packages, rail tickets, bus tickets, car hire, experiences and ancillary travel requirements such as facilitating access to third-party travel insurance and visa processing. The company’s brands include MakeMyTrip, goibibo, and redbus. It operates through the following three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. The Air Ticketing segment provides the facility to book domestic and international air tickets. The Hotels and Packages segment provides holiday packages and hotel reservations. The Bus Ticketing segment provides the facility to book domestic and international bus tickets. MakeMyTrip was founded by Deep Kalra and Rajesh Magow on April 28, 2000 and is headquartered in Gurgaon, India.
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