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Makemytrip ( (MMYT) ) has issued an update.
On June 23, 2025, MakeMyTrip Limited announced the successful closing of its upsized primary offering of 16 million ordinary shares and an additional 2.4 million shares at $90 each, raising approximately $1.62 billion. Additionally, the company closed its offering of 0.00% convertible senior notes worth $1.25 billion due in 2030, with an extra $187.5 million from initial purchasers. The proceeds will be used to repurchase Class B ordinary shares from Trip.com Group Limited, potentially strengthening MakeMyTrip’s market position and shareholder value.
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 requirements. It serves both domestic and international markets, offering access to major airlines, accommodation properties, and travel operators.
Average Trading Volume: 1,076,756
Technical Sentiment Signal: Buy
Current Market Cap: $10.2B
Learn more about MMYT stock on TipRanks’ Stock Analysis page.