MakeMyTrip (NASDAQ:MMYT) Reaches New 1-Year Low After Analyst Downgrade

Shares of MakeMyTrip Limited (NASDAQ:MMYT) reached a new 52-week low during trading on Thursday after Citigroup lowered their price target on the stock from $108.00 to $96.00. Citigroup currently has a buy rating on the stock. MakeMyTrip traded as low as $65.53 and last traded at $65.54, with a volume of 4966496 shares changing hands. The stock had previously closed at $74.59.

Several other analysts have also commented on the company. Morgan Stanley reissued an “overweight” rating on shares of MakeMyTrip in a report on Wednesday, December 31st. Wall Street Zen cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Weiss Ratings started coverage on shares of MakeMyTrip in a research report on Thursday, October 30th. They set a “hold (c)” rating for the company. Finally, Bank of America decreased their price objective on shares of MakeMyTrip from $115.00 to $113.00 and set a “buy” rating on the stock in a report on Wednesday, December 24th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $106.33.

MakeMyTrip News Summary

Here are the key news stories impacting MakeMyTrip this week:

• Positive Sentiment: EPS beat: MMYT reported $0.52 EPS, topping consensus and prior-year EPS, showing underlying operating profitability that exceeded street expectations. Article Title
• Positive Sentiment: Higher monetization per trip: Management highlighted stronger revenue from ancillary services and “around‑the‑trip” offerings, which supports margin expansion potential. Article Title
• Neutral Sentiment: Analyst repositioning: Citi lowered its price target (from $108 to $96) but kept a buy rating — a moderation in enthusiasm that tempers upside but stops short of a downgrade. Article Title
• Neutral Sentiment: Full call/transcripts available for detail on guidance and unit economics; investors can review management commentary for forward signals. Article Title
• Negative Sentiment: Profit slump: Reported profit fell ~73% YoY to $7.3M, driven largely by higher finance costs, which materially reduced net income. Article Title
• Negative Sentiment: Revenue miss and margin impact: Quarterly revenue (~$295.7M) trailed analyst estimates (~$306M), and tax/finance items reduced reported margins — a headline that likely triggered investor selling. Article Title
• Negative Sentiment: Market reaction: Heavy intraday volume and the combination of the revenue miss, profit compression, and analyst PT movement pressured the stock despite the EPS beat. Article Title

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MMYT. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in MakeMyTrip by 0.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,829 shares of the technology company’s stock valued at $2,230,000 after purchasing an additional 150 shares during the last quarter. GeoWealth Management LLC raised its position in shares of MakeMyTrip by 4.6% during the 3rd quarter. GeoWealth Management LLC now owns 3,861 shares of the technology company’s stock valued at $361,000 after buying an additional 169 shares during the period. Capital International Sarl lifted its holdings in MakeMyTrip by 0.5% in the third quarter. Capital International Sarl now owns 37,903 shares of the technology company’s stock valued at $3,548,000 after acquiring an additional 179 shares during the last quarter. Osaic Holdings Inc. grew its position in MakeMyTrip by 10.2% in the second quarter. Osaic Holdings Inc. now owns 2,028 shares of the technology company’s stock worth $199,000 after acquiring an additional 188 shares during the period. Finally, Stone House Investment Management LLC increased its stake in MakeMyTrip by 50.0% during the fourth quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock worth $49,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip Price Performance

The stock has a 50-day simple moving average of $77.81 and a 200 day simple moving average of $88.19. The company has a market cap of $7.29 billion, a PE ratio of 102.41 and a beta of 0.66. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 38.85.

About MakeMyTrip

MakeMyTrip Inc is an online travel company that provides a comprehensive suite of travel products and services through its website and mobile app platform. The company’s offerings include air ticketing, hotel reservations, holiday packages, rail and bus ticket bookings, ancillary travel services such as travel insurance and visa assistance, and corporate travel management solutions. By leveraging technology-driven platforms, MakeMyTrip aims to deliver convenience, competitive pricing, and a seamless booking experience for both retail and business customers.

Founded in June 2000 by Deep Kalra, MakeMyTrip has grown to become one of India’s leading travel technology firms.