$90.86
1.37% day before yesterday
Nasdaq, Jul 11, 10:00 pm CET
ISIN
MU0295S00016
Symbol
MMYT

MakeMyTrip Target price 2025 - Analyst rating & recommendation

MakeMyTrip Classifications & Recommendation:

Buy
94%
Hold
6%

MakeMyTrip Price Target

Target Price $123.77
Price $90.86
Potential
Number of Estimates 12
12 Analysts have issued a price target MakeMyTrip 2026 . The average MakeMyTrip target price is $123.77. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 16 analysts: 15 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 & 2028

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Quarter Annually
Mar '25 2026
Estimates
Revenue Million $ 978.34 1,217.00
25.02% 24.39%
EBITDA Margin 15.03% 19.42%
13.60% 29.24%
Net Margin 9.72% 16.01%
64.91% 64.70%

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

$1.2b
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. This is
24.39% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$1.3b 32.16%
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, the lowest is
$1.1b 12.13%
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.

This results in the following potential growth metrics:

Revenue Estimates

2025 $978m 25.02%
2026
$1.2b 24.39%
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2027
$1.5b 21.12%
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2028
$1.8b 20.08%
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12 Analysts have issued an MakeMyTrip EBITDA forecast 2026. The average MakeMyTrip EBITDA estimate is

$236m
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. This is
60.73% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$264m 79.40%
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, the lowest is
$197m 33.99%
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.

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

EBITDA Estimates

2025 $147m 42.02%
2026
$236m 60.73%
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2027
$330m 39.65%
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2028
$401m 21.39%
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EBITDA Margin

2025 15.03% 13.60%
2026
19.42% 29.24%
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2027
22.39% 15.29%
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12 MakeMyTrip Analysts have issued a net profit forecast 2026. The average MakeMyTrip net profit estimate is

$195m
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. This is
104.84% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$232m 143.63%
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, the lowest is
$137m 44.24%
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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
$195m 104.84%
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2027
$245m 25.65%
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2028
$305m 24.66%
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Net Margin

2025 9.72% 64.91%
2026
16.01% 64.70%
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2027
16.61% 3.75%
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2028
17.24% 3.79%
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Earnings per share, P/E ratio and EV/sales Estimates 2026, 2027 & 2028

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Quarter Annually
Mar '25 2026
Estimates
Earnings Per Share $ 0.83 1.77
54.64% 113.25%
P/E 51.20
EV/Sales 6.67

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

$1.77
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. This is
113.25% higher
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than earnings per share in the financial year 2025. The highest EPS forecast is
$2.11 154.22%
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, the lowest is
$1.25 50.60%
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.

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

Earnings Per Share

2025 $0.83 54.64%
2026
$1.77 113.25%
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2027
$2.23 25.99%
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2028
$2.78 24.66%
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P/E ratio

Current 109.47 145.81%
2026
51.20 53.23%
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2027
40.75 20.41%
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2028
32.69 19.78%
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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 8.30 22.36%
2026
6.67 19.61%
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2027
5.51 17.44%
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2028
4.59 16.72%
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P/S ratio

Current 8.84 21.31%
2026
7.10 19.61%
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2027
5.87 17.43%
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2028
4.88 16.72%
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Current MakeMyTrip Upgrades & Downgrades

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Analyst Rating Action Date
Macquarie
Locked
Locked
Locked Jun 24 2025
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
Macquarie:
Locked
Locked
Jun 24 2025
Locked
Citigroup:
Locked
Locked
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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