MakeMyTrip Limited (MMYT) stock is expected to deviate a maximum of $1.96 from the average target price of $18.17 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $20 and the most muted being $16.
MakeMyTrip Limited (MMYT) : Zacks Investment Research ranks MakeMyTrip Limited (MMYT) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 1.63, which indicates as a Buy.
Also, Brokerage firm Jefferies maintains its rating on MakeMyTrip Limited (NASDAQ:MMYT). As per the latest information, the brokerage house raises the price target to $19.8 per share from a prior target of $19.1. The shares have been rated Buy. The rating by the firm was issued on July 29, 2016.
MakeMyTrip Limited (NASDAQ:MMYT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.53 and $19.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.64, notching a gain of 0.87% for the day. The total traded volume was 126,436 . The stock had closed at $19.47 on the previous day.
MakeMyTrip Limited is an online travel company in India. The Company conducts its business principally through its Indian subsidiary, MakeMyTrip (India) Private Limited (MMT India). Through its primary Website, www.makemytrip.com, or MakeMyTrip.com, its subsidiaries websites, such as www.hoteltravel.com, www.makemytrip.ae, www.makemytrip.com.sg, and other technology-enhanced distribution channels in India, including its call centers, travel stores and travel agents network, travelers can research, plan and book a wide range of travel services and products in India, as well as overseas. Its services and products include air tickets, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to travel insurance.