MakeMyTrip Limited Upgraded to “Outperform” by Zacks (MMYT)
MakeMyTrip Limited (NASDAQ:MMYT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday. The firm currently has a $37.30 price objective on the stock. Zacks‘s price objective points to a potential upside of 8.18% from the stock’s previous close.
A number of other analysts have also recently weighed in on MMYT. Analysts at FBR Capital Markets raised their price target on shares of MakeMyTrip Limited from $14.00 to $20.00 in a research note on Wednesday, May 28th. They now have a “market perform” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of MakeMyTrip Limited in a research note on Thursday, May 22nd. They now have a $25.00 price target on the stock, up previously from $21.00. Finally, analysts at Citigroup Inc. initiated coverage on shares of MakeMyTrip Limited in a research note on Wednesday, May 21st. They set a “buy” rating and a $27.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. MakeMyTrip Limited presently has an average rating of “Hold” and an average price target of $25.03.
Shares of MakeMyTrip Limited (NASDAQ:MMYT) traded down 1.85% during mid-day trading on Tuesday, hitting $34.48. 159,590 shares of the company’s stock traded hands. MakeMyTrip Limited has a one year low of $13.02 and a one year high of $35.66. The stock’s 50-day moving average is $27.39 and its 200-day moving average is $24.31. The company’s market cap is $1.436 billion.
MakeMyTrip Limited (NASDAQ:MMYT) last posted its quarterly earnings results on Wednesday, May 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. The company had revenue of $60.85 million for the quarter, compared to the consensus estimate of $55.19 million. During the same quarter in the previous year, the company posted ($0.17) earnings per share. The company’s revenue for the quarter was up 30.7% on a year-over-year basis.
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).
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.