MakeMyTrip Limited Coverage Initiated by Analysts at Goldman Sachs (MMYT)
Equities researchers at Goldman Sachs assumed coverage on shares of MakeMyTrip Limited (NASDAQ:MMYT) in a research report issued on Tuesday, AnalystRatingsNetwork reports. The firm set a “neutral” rating and a $27.00 price target on the stock. Goldman Sachs’ price objective points to a potential upside of 13.42% from the stock’s previous close.
A number of other analysts have also recently weighed in on MMYT. Analysts at Barclays initiated coverage on shares of MakeMyTrip Limited in a research note on Monday, March 24th. They set an “equal weight” rating and a $26.00 price target on the stock. Separately, analysts at Oppenheimer upgraded shares of MakeMyTrip Limited from a “market perform” rating to an “outperform” rating in a research note on Wednesday, March 19th. They now have a $28.00 price target on the stock. Finally, analysts at Oppenheimer downgraded shares of MakeMyTrip Limited from an “outperform” rating to a “market perform” rating in a research note on Monday, February 3rd. They now have a $18.00 price target on the stock. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $21.57.
Shares of MakeMyTrip Limited (NASDAQ:MMYT) opened at 23.805 on Tuesday. MakeMyTrip Limited has a one year low of $12.50 and a one year high of $29.73. The stock’s 50-day moving average is $25.38 and its 200-day moving average is $20.41. The company’s market cap is $983.5 million.
MakeMyTrip Limited (NASDAQ:MMYT) last released its earnings data on Thursday, January 30th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.12. The company had revenue of $69.97 million for the quarter, compared to the consensus estimate of $63.83 million.
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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