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Makemytrip ( (MMYT) ) has provided an update.
On July 2, 2025, MakeMyTrip completed the repurchase of 34,372,221 Class B shares from Trip.com Group Limited, leading to a reduction in Trip.com’s voting power and a change in board composition. The repurchase resulted in a total of 95,383,399 shares outstanding, with Trip.com holding approximately 16.90% of the voting power. Following the repurchase, MakeMyTrip’s board saw the resignation of three Trip.com-nominated directors and the appointment of three new directors, including Mr. Vivek N. Gour and Mrs. Savinilorna Payandi Pillay Ramen, indicating a strategic shift in governance.
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 Neutral.
Makemytrip’s strong financial performance and positive earnings call sentiment are significant positives, reflecting robust revenue growth and strategic investments in AI. However, the high P/E ratio suggests overvaluation risks, and the bearish technical indicators indicate potential price weakness. The overall score is impacted by these mixed factors.
To see Spark’s full report on MMYT stock, click here.
More about Makemytrip
MakeMyTrip Limited operates in the travel and tourism industry, primarily offering online travel services including flight bookings, hotel reservations, and holiday packages. The company is focused on the Indian market and has expanded its services to cater to a wide range of travel needs.
Average Trading Volume: 1,195,511
Technical Sentiment Signal: Buy
Current Market Cap: $12.29B
Find detailed analytics on MMYT stock on TipRanks’ Stock Analysis page.