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Makemytrip ( (MMYT) ) has provided an announcement.
On June 23, 2025, MakeMyTrip Limited and Trip.com Group Limited amended and restated their original share repurchase agreement from June 16, 2025. This agreement aims to reduce Trip.com’s ownership in MakeMyTrip to below 19.99% through a repurchase funded by a convertible senior notes offering and a primary share offering. This strategic move is expected to impact MakeMyTrip’s shareholder structure and market positioning.
The most recent analyst rating on (MMYT) stock is a Buy with a $125.00 price target. To see the full list of analyst forecasts on Makemytrip stock, see the MMYT Stock Forecast page.
Spark’s Take on MMYT Stock
According to Spark, TipRanks’ AI Analyst, MMYT is a Outperform.
Makemytrip demonstrates strong financial performance with robust revenue growth and a solid balance sheet, which significantly contributes to its overall score. Technical analysis and market momentum are generally favorable, though caution is advised due to potential overbought conditions. The valuation indicates a high P/E ratio, suggesting premium pricing relative to peers. Positive sentiment from the earnings call, highlighting strategic growth, further supports the stock’s potential, despite challenges in domestic air supply and competition.
To see Spark’s full report on MMYT stock, click here.
More about Makemytrip
MakeMyTrip Limited is a public company incorporated in Mauritius, operating in the travel industry. It primarily provides online travel services, including flight bookings, hotel reservations, and holiday packages, focusing on the Indian market.
Average Trading Volume: 1,098,816
Technical Sentiment Signal: Buy
Current Market Cap: $10.2B
Learn more about MMYT stock on TipRanks’ Stock Analysis page.