$94.96
0.48% yesterday
Nasdaq, Sep 27, 10:00 pm CET
ISIN
MU0295S00016
Symbol
MMYT

MakeMyTrip Target price 2024 - Analyst rating & recommendation

MakeMyTrip Classifications & Recommendation:

Buy
88%
Hold
13%

MakeMyTrip Price Target

Target Price $104.13
Price $94.96
Potential
Number of Estimates 8
8 Analysts have issued a price target MakeMyTrip 2025 . The average MakeMyTrip target price is $104.13. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 8 analysts: 7 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 $ 782.52 984.76
31.95% 25.85%
EBITDA Margin 11.75% 17.80%
44.62% 51.43%
Net Margin 27.36% 12.04%
1,577.83% 55.99%

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

$985m
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. This is
17.19% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$1.0b 20.07%
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, the lowest is
$938m 11.58%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 $783m 31.95%
2025
$985m 25.85%
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2026
$1.2b 20.75%
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2027
$1.4b 20.05%
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8 Analysts have issued an MakeMyTrip EBITDA forecast 2025. The average MakeMyTrip EBITDA estimate is

$175m
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. This is
74.30% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$254m 152.58%
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, the lowest is
$146m 45.17%
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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 90.57%
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2026
$247m 41.17%
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2027
$300m 21.05%
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EBITDA Margin

2024 11.75% 44.62%
2025
17.80% 51.43%
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2026
20.81% 16.91%
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2027
20.98% 0.82%
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6 MakeMyTrip Analysts have issued a net profit forecast 2025. The average MakeMyTrip net profit estimate is

$119m
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. This is
45.16% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$165m 23.86%
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, the lowest is
$91.5m 57.70%
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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
$119m 44.60%
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2026
$180m 51.39%
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2027
$240m 33.81%
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Net Margin

2024 27.36% 1,577.83%
2025
12.04% 55.99%
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2026
15.10% 25.42%
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2027
16.83% 11.46%
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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 1.08
2,050.00% 44.62%
P/E 87.90
EV/Sales 10.17

6 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

$1.08
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. This is
45.18% 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
$1.50 23.86%
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, the lowest is
$0.83 57.87%
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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
$1.08 44.62%
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2026
$1.64 51.85%
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2027
$2.19 33.54%
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P/E ratio

Current 48.25 80.27%
2025
87.90 82.18%
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2026
58.06 33.95%
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2027
43.39 25.27%
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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

10.17
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and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of
10.59
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.

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

EV/Sales

Current 11.91 102.90%
2025
10.17 14.64%
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2026
8.42 17.18%
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2027
7.01 16.70%
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P/S ratio

Current 12.41 98.67%
2025
10.59 14.67%
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2026
8.77 17.18%
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2027
7.30 16.70%
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