Are Analysts Bullish about MakeMyTrip Limited (NASDAQ:MMYT) after last week?

June 21, 2018 - By Kenneth Lin

MakeMyTrip Limited (NASDAQ:MMYT) Logo

MakeMyTrip Limited (NASDAQ:MMYT) Ratings Coverage

Among 4 analysts covering Makemytrip (NASDAQ:MMYT), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Makemytrip had 4 analyst reports since February 9, 2018 according to SRatingsIntel. As per Friday, February 9, the company rating was maintained by Jefferies. Goldman Sachs downgraded the stock to “Neutral” rating in Tuesday, June 12 report. The stock of MakeMyTrip Limited (NASDAQ:MMYT) has “Buy” rating given on Tuesday, February 27 by J.P. Morgan. The stock has “Neutral” rating by Nomura on Monday, May 14. Below is a list of MakeMyTrip Limited (NASDAQ:MMYT) latest ratings and price target changes.

12/06/2018 Broker: Goldman Sachs Old Rating: Buy New Rating: Neutral New Target: $41 Downgrade
14/05/2018 Broker: Nomura Old Rating: Reduce New Rating: Neutral Upgrade
27/02/2018 Broker: J.P. Morgan Rating: Buy New Target: $36.0 Upgrade
09/02/2018 Broker: Jefferies Rating: Hold New Target: $29.7 Maintain

The stock decreased 2.73% or $1.05 during the last trading session, reaching $37.35. About 192,348 shares traded. MakeMyTrip Limited (NASDAQ:MMYT) has risen 13.11% since June 21, 2017 and is uptrending. It has outperformed by 0.54% the S&P500.

MakeMyTrip Limited, an online travel company, provides travel products and solutions in India and internationally. The company has market cap of $3.77 billion. MakeMyTrip Limited, an online travel company, engages in the business of selling travel products and solutions in India, the United States, the Netherlands, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Hong Kong, and Bangladesh. It currently has negative earnings. It operates through two divisions, Air Ticketing, and Hotels and Packages.

More important recent MakeMyTrip Limited (NASDAQ:MMYT) news were published by: Investorplace.com which released: “10 Blue-Chip Consumer Stocks to Buy” on June 15, 2018, also Seekingalpha.com published article titled: “Time To Be Bearish On MakeMyTrip?”, Seekingalpha.com published: “MakeMyTrip’s (MMYT) CEO Deep Kalra on Q4 2018 Results – Earnings Call Transcript” on May 31, 2018. More interesting news about MakeMyTrip Limited (NASDAQ:MMYT) was released by: Benzinga.com and their article: “MakeMyTrip’s Valuation Is Pricing In Profitability, Goldman Sachs Says In Downgrade” with publication date: June 12, 2018.

MakeMyTrip Limited (NASDAQ:MMYT) Ratings Chart

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