Morgan Stanley lowered the firm’s price target on MakeMyTrip (MMYT) to $106 from $113 and keeps an Overweight rating on the shares. Following the company’s Q3 report, the firm is lower its estimates to moderate the expected pace of margin expansion for FY27 and FY28, the analyst tells investors.
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Read More on MMYT:
- MakeMyTrip reports Q3 revenue $295.7M vs $267.4M last year
- MakeMyTrip price target lowered to $96 from $108 at Citi
- MakeMyTrip Posts Strong Q3 FY26 Growth on Diversified Travel Demand and Ancillary Expansion
- MakeMyTrip Posts Double-Digit Revenue Growth but Sharp Drop in Q3 FY26 Profit
- Makemytrip Limited (MMYT) Q3 Earnings Cheat Sheet
