BofA raised the firm’s price target on MakeMyTrip (MMYT) to $120 from $107 and keeps a Buy rating on the shares, noting that the company delivered “healthy” 23% year-over-year revenue growth in a seasonally slower Q4. Travel demand momentum remains steady barring the recent 2-3 weeks of travel disruption seen during the India-Pakistan conflict and MakeMyTrip remains hopeful of recovering some of the lost momentum in coming weeks, the analyst added.
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