Makemytrip Limited Price Target Raised to $15.00 at Deutsche Bank (MMYT)
Equities researchers at Deutsche Bank raised their price target on shares of Makemytrip Limited (NASDAQ:MMYT) from $13.00 to $15.00 in a research report issued on Friday, AnalystRatings.Net reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective indicates a potential downside of 2.15% from the company’s current price.
Makemytrip Limited (NASDAQ:MMYT) opened at 15.33 on Friday. Makemytrip Limited has a 52 week low of $10.77 and a 52 week high of $16.62. The stock’s 50-day moving average is $14.37 and its 200-day moving average is $13.66. The company’s market cap is $576.7 million.
Makemytrip Limited (NASDAQ:MMYT) last announced its earnings results on Thursday, October 31st. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by $1.23. The company had revenue of $23.30 million for the quarter, compared to the consensus estimate of $45.67 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 15.3% on a year-over-year basis.
MMYT has been the subject of a number of other recent research reports. Analysts at FBR & Co. initiated coverage on shares of Makemytrip Limited in a research note to investors on Wednesday, October 23rd. They set a “market perform” rating on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of Makemytrip Limited in a research note to investors on Wednesday, October 23rd. They set a “market perform” rating and a $14.00 price target on the stock. Finally, analysts at Thomson Reuters/Verus upgraded shares of Makemytrip Limited from a “sell” rating to a “hold” rating in a research note to investors on Monday, October 21st. Seven investment analysts have rated the stock with a hold rating, Makemytrip Limited presently has an average rating of “Hold” and an average price target of $15.17.
MakeMyTrip Limited is an online travel company in India. The Company conducts its business principally through its Indian subsidiary, MakeMyTrip (NASDAQ:MMYT) Private Limited (MMT) India.
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