MakeMyTrip price target lowered to $80 from $96 at Citi

Citi lowered the firm’s price target on MakeMyTrip (MMYT) to $80 from $96 and keeps a Buy rating on the shares. The firm sees a tough fiscal 2026 backdrop but for the company but says the shares are “quite cheap” following the recent correction. MakeMyTrip’s medium term growth outlook remains intact, the analyst tells investors in a research note.