$114.00
0.46% today
Nasdaq, Dec 30, 10:02 pm CET
ISIN
MU0295S00016
Symbol
MMYT

MakeMyTrip Target price 2024 - Analyst rating & recommendation

MakeMyTrip Classifications & Recommendation:

Buy
89%
Hold
11%

MakeMyTrip Price Target

Target Price $112.33
Price $114.00
Deviation
Number of Estimates 9
9 Analysts have issued a price target MakeMyTrip 2025 . The average MakeMyTrip target price is $112.33. This is lower than the current stock price. The highest price target is , the lowest is .
A rating was issued by 9 analysts: 8 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 2025 of . Most analysts recommend the MakeMyTrip stock at Purchase.

Sales and Margin forecast 2025, 2026 & 2027

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Quarter Annually
Mar '24 2025
Estimates
Revenue Million $ 782.52 990.87
31.95% 26.63%
EBITDA Margin 11.75% 17.69%
44.62% 50.50%
Net Margin 27.36% 11.53%
1,577.83% 57.85%

8 Analysts have issued a sales forecast MakeMyTrip 2025 . The average MakeMyTrip sales estimate is

$991m
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. This is
12.26% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$1.0b 14.22%
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, the lowest is
$953m 7.94%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 $783m 31.95%
2025
$991m 26.63%
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2026
$1.2b 20.91%
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2027
$1.4b 20.19%
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9 Analysts have issued an MakeMyTrip EBITDA forecast 2025. The average MakeMyTrip EBITDA estimate is

$175m
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. This is
46.03% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$253m 110.91%
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, the lowest is
$142m 18.66%
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.

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

EBITDA Estimates

2024 $92.0m 90.83%
2025
$175m 90.52%
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2026
$249m 42.34%
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2027
$308m 23.63%
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EBITDA Margin

2024 11.75% 44.62%
2025
17.69% 50.50%
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2026
20.82% 17.69%
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2027
21.42% 2.88%
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7 MakeMyTrip Analysts have issued a net profit forecast 2025. The average MakeMyTrip net profit estimate is

$114m
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. This is
50.69% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$176m 24.17%
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, the lowest is
$86.7m 62.56%
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.

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

Net Profit Estimates

2024 $214m 2,050.00%
2025
$114m 46.64%
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2026
$181m 58.12%
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2027
$247m 37.01%
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Net Margin

2024 27.36% 1,577.83%
2025
11.53% 57.85%
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2026
15.08% 30.79%
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2027
17.19% 13.99%
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Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 & 2027

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Quarter Annually
Mar '24 2025
Estimates
Earnings Per Share $ 1.95 1.04
2,050.00% 46.67%
P/E 110.08
EV/Sales 12.20

7 Analysts have issued a MakeMyTrip forecast for earnings per share. The average MakeMyTrip <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$1.04
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. This is
50.71% lower
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than earnings per share in the financial year 2024. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$1.60 24.17%
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, the lowest is
$0.79 62.56%
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.

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

Earnings Per Share

2024 $1.95 2,050.00%
2025
$1.04 46.67%
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2026
$1.65 58.65%
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2027
$2.25 36.36%
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P/E ratio

Current 54.31 72.08%
2025
110.08 102.69%
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2026
69.61 36.76%
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2027
50.81 27.01%
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Based on analysts' sales estimates for 2025, the MakeMyTrip stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

12.20
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and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of
12.69
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.

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

EV/Sales

Current 13.70 100.88%
2025
12.20 10.92%
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2026
10.09 17.29%
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2027
8.40 16.80%
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P/S ratio

Current 14.25 98.48%
2025
12.69 10.92%
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2026
10.49 17.29%
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2027
8.73 16.80%
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