MakeMyTrip Stock Forecast

Stock Price Forecast

According to 3 professional analysts, the 12-month price target for MakeMyTrip stock ranges from a low of $110 to a high of $130. The average analyst price target of $120 forecasts a 62.84% increase in the stock price over the next year.

Price Target: $120.00 (+62.84%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$110	$120	$120	$130
Change	+49.27%	+62.84%	+62.84%	+76.41%

* Price targets were last updated on Jul 23, 2025.

Analyst Ratings

The average analyst rating for MakeMyTrip stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	2	2	2	2	2	2
Buy	1	1	1	1	1	1
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	3	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Vijit Jain Citigroup	Citigroup	Strong Buy Maintains $125 → $120	Strong Buy	Maintains	$125 → $120	+62.84%	Jul 23, 2025
Aditya Suresh Macquarie	Macquarie	Hold → Buy Upgrades $110	Hold → Buy	Upgrades	$110	+49.27%	Jun 24, 2025
Vijit Jain Citigroup	Citigroup	Strong Buy Maintains $120 → $125	Strong Buy	Maintains	$120 → $125	+69.63%	May 15, 2025
Sachin Salgaonkar B of A Securities	B of A Securities	Strong Buy Maintains $119 → $130	Strong Buy	Maintains	$119 → $130	+76.41%	Dec 27, 2024
Sachin Salgaonkar B of A Securities	B of A Securities	Strong Buy Maintains $112 → $119	Strong Buy	Maintains	$112 → $119	+61.49%	Oct 24, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.17B

from 978.34M

19.90%

from 978.34M

Revenue Next Year

1.40B

from 1.17B

19.52%

from 1.17B

EPS This Year

1.39

from 0.83

67.59%

from 0.83

EPS Next Year

1.82

from 1.39

30.86%

from 1.39

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2021	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	163.44M	303.92M	593.04M	782.52M	978.34M	1.17B	1.40B
Revenue Growth	-68.05%	85.95%	95.13%	31.95%	25.02%	19.90%	19.52%
EPS	-0.52	-0.42	-0.10	1.74	0.83	1.39	1.82
EPS Growth	-	-	-	-	-52.35%	67.59%	30.86%
Forward PE	-	-	-	-	-	52.98	40.48
No. Analysts	-	-	-	-	-	12	12

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	1.3B	1.6B
Avg	1.2B	1.4B
Low	1.1B	1.3B

Revenue Growth

Revenue Growth	2026	2027
High	28.2%	33.0%
Avg	19.9%	19.5%
Low	7.4%	7.8%

EPS Forecast

EPS	2026	2027
High	2.02	2.54
Avg	1.39	1.82
Low	0.56	1.13

EPS Growth

EPS Growth	2026	2027
High	142.9%	82.7%
Avg	67.6%	30.9%
Low	-32.1%	-19.1%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.