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Makemytrip ( (MMYT) ) has shared an announcement.
On June 16, 2025, MakeMyTrip Limited announced the commencement of a proposed primary offering of 14,000,000 ordinary shares and a proposed offering of convertible senior notes worth US$1.25 billion due 2030. The proceeds from these offerings will be used to repurchase a portion of the company’s Class B shares from Trip.com Group Limited. The success of each offering is contingent upon the completion of the other, and the offerings are subject to market conditions.
The most recent analyst rating on (MMYT) stock is a Buy with a $102.00 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 operates well-known online travel brands such as MakeMyTrip, Goibibo, and redBus. The company provides a wide range of travel services and products including air ticketing, hotel bookings, holiday planning, bus and rail ticketing, car hire, and ancillary travel services. It serves both domestic and international markets, offering access to major airlines, accommodation properties, and transportation services.
Average Trading Volume: 708,195
Technical Sentiment Signal: Buy
Current Market Cap: $10.84B
For an in-depth examination of MMYT stock, go to TipRanks’ Overview page.