$100.42
1.67% yesterday
Nasdaq, Jun 12, 10:00 pm CET
ISIN
MU0295S00016
Symbol
MMYT

MakeMyTrip Target price 2025 - Analyst rating & recommendation

MakeMyTrip Classifications & Recommendation:

Buy
90%
Hold
10%

MakeMyTrip Price Target

Target Price $122.11
Price $100.42
Potential
Number of Estimates 9
9 Analysts have issued a price target MakeMyTrip 2026 . The average MakeMyTrip target price is $122.11. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 10 analysts: 9 Analysts recommend MakeMyTrip to buy, 1 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the MakeMyTrip stock has an average upside potential 2026 of . Most analysts recommend the MakeMyTrip stock at Purchase.

Sales and Margin forecast 2026, 2027 to 2029

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Quarter Annually
Mar '25 2026
Estimates
Revenue Million $ 978.34 1,198.78
25.02% 22.53%
EBITDA Margin 15.03% 19.77%
13.60% 31.57%
Net Margin 9.72% 12.39%
64.91% 27.46%

8 Analysts have issued a sales forecast MakeMyTrip 2026 . The average MakeMyTrip sales estimate is

$1.2b
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. This is
22.53% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$1.2b 26.13%
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, the lowest is
$1.1b 14.40%
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.

This results in the following potential growth metrics:

Revenue Estimates

2025 $978m 25.02%
2026
$1.2b 22.53%
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2027
$1.5b 21.04%
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2028
$1.8b 21.25%
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9 Analysts have issued an MakeMyTrip EBITDA forecast 2026. The average MakeMyTrip EBITDA estimate is

$237m
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. This is
61.24% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$339m 130.48%
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, the lowest is
$196m 33.46%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2025 $147m 42.02%
2026
$237m 61.24%
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2027
$318m 33.98%
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2028
$397m 25.14%
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2029
$474m 19.16%
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EBITDA Margin

2025 15.03% 13.60%
2026
19.77% 31.57%
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2027
21.89% 10.72%
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2028
22.59% 3.20%
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7 MakeMyTrip Analysts have issued a net profit forecast 2026. The average MakeMyTrip net profit estimate is

$149m
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. This is
56.23% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$176m 84.70%
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, the lowest is
$133m 40.36%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2025 $95.1m 56.13%
2026
$149m 56.23%
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2027
$211m 42.05%
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2028
$276m 30.69%
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Net Margin

2025 9.72% 64.91%
2026
12.39% 27.46%
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2027
14.55% 17.43%
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2028
15.68% 7.77%
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Earnings per share, P/E ratio and EV/sales Estimates 2026, 2027 to 2029

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Quarter Annually
Mar '25 2026
Estimates
Earnings Per Share $ 0.83 1.35
54.64% 62.65%
P/E 74.20
EV/Sales 8.76

7 Analysts have issued a MakeMyTrip forecast for earnings per share. The average MakeMyTrip EPS is

$1.35
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. This is
62.65% higher
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than earnings per share in the financial year 2025. The highest EPS forecast is
$1.60 92.77%
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, the lowest is
$1.22 46.99%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2025 $0.83 54.64%
2026
$1.35 62.65%
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2027
$1.92 42.22%
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2028
$2.51 30.73%
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P/E ratio

Current 120.99 139.12%
2026
74.20 38.67%
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2027
52.24 29.60%
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2028
39.97 23.49%
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Based on analysts' sales estimates for 2026, the MakeMyTrip stock is valued at an EV/Sales of

and an P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 10.73 0.56%
2026
8.76 18.37%
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2027
7.24 17.38%
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2028
5.97 17.53%
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P/S ratio

Current 11.27 0.16%
2026
9.20 18.39%
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2027
7.60 17.38%
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2028
6.27 17.53%
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Current MakeMyTrip Upgrades & Downgrades

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Analyst Rating Action Date
Citigroup
Locked
Locked
Locked May 15 2025
B of A Securities
Locked
Locked
Locked Dec 27 2024
B of A Securities
Locked
Locked
Locked Oct 24 2024
B of A Securities
Locked
Locked
Locked Aug 27 2024
Analyst Rating Date
Locked
Citigroup:
Locked
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May 15 2025
Locked
B of A Securities:
Locked
Locked
Dec 27 2024
Locked
B of A Securities:
Locked
Locked
Oct 24 2024
Locked
B of A Securities:
Locked
Locked
Aug 27 2024

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