MAKEMYTRIP LTD (MMYT) Forecast, Price Target & Analyst Ratings
NASDAQ:MMYT • MU0295S00016
47.39 USD
-1.24 (-2.55%)
At close: Mar 11, 2026
48.33 USD
+0.94 (+1.98%)
After Hours: 3/11/2026, 8:13:26 PM
View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for MAKEMYTRIP LTD (MMYT).
Forecast Snapshot
Consensus Price Target
$105.17
+ 121.93% Upside
Next Earnings Forecast
Release DateMay 4, 2026
PeriodQ4 / 2026
EPS Estimate$0.48
Revenue Estimate286.57M
ChartMill Buy Consensus
85.88%
Weighted Analyst Rating Score
Price Target Details & History
Consensus Price Target and Range
Mean target
$105.17
Upside
+ 121.93%
From current price of $47.39 to mean target of $105.17, Based on 17 analyst forecasts
Low
$85.85
Median
$107.61
High
$128.22
Price Target Revisions
1 Month
-0.96%
3 Months
-8.03%
Price Target Summary
17 Wall Street analysts provided a forecast for the next 12 months for MMYT. The average price target is 105.17 USD. This implies a price increase of 121.93% is expected in the next year compared to the current price of 47.39.
The average price target has been revised downward by 8.03% in the past 3 months.
Analyst Ratings & History
Current Analyst Ratings
Analyst Ratings History
Analyst Ratings Consensus
ChartMill Buy Consensus
85.88%
MMYT was analyzed by 17 analysts. The buy percentage consensus is at 86. So analysts seem to be very confident about MMYT.
In the previous month the buy percentage consensus was at a similar level.
MMYT was analyzed by 17 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
Recent Upgrades & Downgrades
| Date | Firm | Action | From → To |
|---|---|---|---|
| 2026-01-21 | Citigroup | Maintains | Buy -> Buy |
| 2025-12-24 | B of A Securities | Maintains | Buy -> Buy |
| 2025-07-23 | Citigroup | Maintains | Buy -> Buy |
| 2025-06-24 | Macquarie | Upgrade | Neutral -> Outperform |
| 2025-05-15 | Citigroup | Maintains | Buy -> Buy |
| 2024-12-27 | B of A Securities | Maintains | Buy -> Buy |
| 2024-10-24 | B of A Securities | Maintains | Buy -> Buy |
| 2024-08-27 | B of A Securities | Maintains | Buy -> Buy |
| 2024-07-24 | B of A Securities | Maintains | Buy -> Buy |
| 2024-07-24 | Citigroup | Maintains | Buy -> Buy |
| 2024-07-08 | B of A Securities | Maintains | Buy -> Buy |
| 2024-02-21 | Macquarie | Downgrade | Outperform -> Neutral |
| 2023-08-02 | Citigroup | Maintains | Buy -> Buy |
| 2023-07-13 | Citigroup | Reiterate | Buy -> Buy |
| 2022-12-08 | Morgan Stanley | Upgrade | Equal-Weight -> Overweight |
| 2022-09-14 | JP Morgan | Initiate | Overweight |
| 2022-08-30 | B of A Securities | Upgrade | Neutral -> Buy |
| 2022-05-26 | Citigroup | Maintains | Buy |
Next Earnings Forecast Details
Next Earnings Details
Release DateMay 4, 2026
PeriodQ4 / 2026
EPS Estimate$0.48
Revenue Estimate286.57M
Revenue Q2Q16.75%
EPS Q2Q14.95%
Number of Analysts7
Next Earnings Revisions
Revenue (1 Month)
-0.91%
Revenue (3 Months)
-3.06%
EPS (1 Month)
1.79%
EPS (3 Months)
-7.19%
Next Earnings Summary
MMYT is expected to report earnings on 5/4/2026. The consensus EPS estimate for the next earnings is 0.48 USD and the consensus revenue estimate is 286.57M USD.
The next earnings revenue estimate has been revised downward by 3.06% in the past 3 months.
Full Analyst Estimates
Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates
| 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | ||
|---|---|---|---|---|---|---|---|
| Revenue YoY % growth | 593.036M 95.13% | 782.524M 31.95% | 978.336M 25.02% | 1.151B 17.65% | 1.355B 17.72% | 1.638B 20.89% | |
| EBITDA YoY % growth | 51M 1,225.71% | 103.51M 102.96% | 148.411M 43.38% | 203.99M 37.45% | 255.79M 25.39% | 334.68M 30.84% | |
| EBIT YoY % growth | 23.754M 193.11% | 76.265M 221.06% | 121.289M 59.04% | 202.67M 67.10% | 257.22M 26.92% | 331.91M 29.04% | |
| Operating Margin | 4.01% | 9.75% | 12.40% | 17.61% | 18.98% | 20.26% | |
| EPS YoY % growth | -0.07 83.17% | 1.15 1,766.67% | 1.52 32.17% | 1.63 7.46% | 2.18 33.61% | 2.56 17.09% |
All data in USD
Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates
| Q4 / 26 | Q1 / 27 | Q2 / 27 | Q3 / 27 | Q4 / 27 | Q1 / 28 | Q2 / 28 | Q3 / 28 | Q4 / 28 | |
|---|---|---|---|---|---|---|---|---|---|
| EPS Q2Q % growth | 0.48 14.95% | 0.47 11.71% | 0.37 -1.31% | 0.51 31.29% | 0.49 1.20% | 0.61 30.87% | 0.53 44.69% | 0.70 37.45% | 0.68 38.83% |
| Revenue Q2Q % growth | 286.57M 16.75% | 317.51M 18.10% | 344.93M 50.40% | 381.64M 29.07% | 366.97M 28.06% | 419.01M 31.97% | 404.66M 17.32% | 448.02M 17.39% | 431.35M 17.54% |
| EBITDA Q2Q % growth | 55.61M 39.92% | 78.757M 50.16% | 60.902M 32.35% | 86.898M 60.19% | 78.603M 41.35% | N/A | N/A | N/A | N/A |
| EBIT Q2Q % growth | 63.392M 93.78% | 59.689M 47.89% | 60.744M 76.39% | 82.709M 102.28% | 79.274M 25.05% | 94.657M 58.58% | 81.775M 34.62% | 108.02M 30.60% | 104.2M 31.44% |
All data in USD
Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data
Long Term Forward Growth Forecast Summary
Long Term EPS Growth (CAGR)
EPS Next 3 Year
18.91%
EPS Next 5 Year
N/A
Long Term Revenue Growth (CAGR)
Revenue Next 3 Year
17.33%
Revenue Next 5 Year
N/A
Long Term EBIT Growth (CAGR)
EBIT Next 3 Year
28.61%
EBIT Next 5 Year
N/A
MAKEMYTRIP LTD / MMYT Forecast FAQ
What is the average price target for MAKEMYTRIP LTD (MMYT) stock?
17 analysts have analysed MMYT and the average price target is 105.17 USD. This implies a price increase of 121.93% is expected in the next year compared to the current price of 47.39.
When does MAKEMYTRIP LTD (MMYT) report earnings?
MAKEMYTRIP LTD (MMYT) will report earnings on 2026-05-04, before the market open.
What are the consensus estimates for MAKEMYTRIP LTD (MMYT) next earnings?
The consensus EPS estimate for the next earnings of MAKEMYTRIP LTD (MMYT) is 0.48 USD and the consensus revenue estimate is 286.57M USD.
What is the expected long term growth rate for MMYT stock?
The expected long term growth rate for MAKEMYTRIP LTD (MMYT) is 17.33%.