MakeMyTrip (NASDAQ:MMYT) Sets New 52-Week Low After Analyst Downgrade

MakeMyTrip Limited (NASDAQ:MMYT) shares reached a new 52-week low on Thursday after Citigroup lowered their price target on the stock from $108.00 to $96.00. Citigroup currently has a buy rating on the stock. MakeMyTrip traded as low as $65.53 and last traded at $65.54, with a volume of 4966496 shares trading hands. The stock had previously closed at $74.59.

Several other equities analysts also recently commented on MMYT. Bank of America lowered their price objective on MakeMyTrip from $115.00 to $113.00 and set a “buy” rating on the stock in a research report on Wednesday, December 24th. Morgan Stanley reissued an “overweight” rating on shares of MakeMyTrip in a report on Wednesday, December 31st. Wall Street Zen downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings assumed coverage on shares of MakeMyTrip in a research report on Thursday, October 30th. They set a “hold (c)” rating on the stock. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.33.

Key Headlines Impacting MakeMyTrip

Here are the key news stories impacting MakeMyTrip this week:

• Positive Sentiment: EPS beat and improving per?transaction monetization: MMYT reported $0.52 EPS, above consensus, and commentary and coverage note higher take?rates from non?ticket products (hotels, packages, ancillaries). Zacks: Surpasses Q3 Earnings Estimates
• Positive Sentiment: AI engagement accelerating — MakeMyTrip’s AI assistant doubled daily conversations sequentially to ~50,000 in Q3, supporting product automation, lower servicing costs and potential higher conversion over time. Medianama: AI Assistant Doubles Conversations
• Neutral Sentiment: Call/transcript and details available — Management disclosed quarter details on the earnings call; read the transcript for guidance nuance and management comments that could influence near?term sentiment. Seeking Alpha: Q3 2026 Earnings Call Transcript
• Negative Sentiment: Revenue missed estimates and headline weakness — Revenue of $295.7M missed consensus (~$306M), which, combined with weaker margins in places, prompted investor concern about near?term growth momentum. MarketBeat: Q3 Results & Details
• Negative Sentiment: Profit collapsed YoY due to higher finance/tax costs — Reported profit fell sharply (Inc42 reports ~73% YoY decline to $7.3M), with elevated finance and tax charges cited as key drags on the bottom line. Inc42: Profit Falls 73% YoY
• Negative Sentiment: Buyback completion and analyst downgrades removed support — The announced buyback is complete, removing a demand catalyst; several outlets report the stock dropped and hit a 1?year low after an analyst price?target cut (Citigroup lowered its PT but kept a buy rating). Yahoo Finance: Down After Earnings Miss & Buyback Completion
• Negative Sentiment: Operational headwinds from airline disruption: IndiGo’s December 2025 disruptions affected bookings and cancellations, which weighed on MMYT’s Q3 performance. Medianama: IndiGo Disruption Impact

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MMYT. Parallel Advisors LLC raised its stake in shares of MakeMyTrip by 244.8% in the third quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock valued at $37,000 after acquiring an additional 284 shares during the period. First Horizon Advisors Inc. purchased a new stake in MakeMyTrip in the 2nd quarter worth about $43,000. Stone House Investment Management LLC lifted its stake in MakeMyTrip by 50.0% in the fourth quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock worth $49,000 after purchasing an additional 200 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in shares of MakeMyTrip during the second quarter valued at approximately $50,000. Finally, Jones Financial Companies Lllp grew its stake in shares of MakeMyTrip by 4,420.0% during the third quarter. Jones Financial Companies Lllp now owns 904 shares of the technology company’s stock valued at $86,000 after buying an additional 884 shares during the last quarter. 51.89% of the stock is owned by hedge funds and other institutional investors.

MakeMyTrip Stock Performance

The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 38.85. The business has a 50 day moving average price of $77.61 and a 200 day moving average price of $88.04. The stock has a market cap of $7.38 billion, a P/E ratio of 138.23 and a beta of 0.66.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings data on Wednesday, January 21st. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. The company had revenue of $295.70 million during the quarter, compared to analysts’ expectations of $306.29 million. MakeMyTrip had a return on equity of 35.84% and a net margin of 5.46%. As a group, sell-side analysts expect that MakeMyTrip Limited will post 1.27 EPS for the current year.

About MakeMyTrip

MakeMyTrip Inc is an online travel company that provides a comprehensive suite of travel products and services through its website and mobile app platform. The company’s offerings include air ticketing, hotel reservations, holiday packages, rail and bus ticket bookings, ancillary travel services such as travel insurance and visa assistance, and corporate travel management solutions. By leveraging technology-driven platforms, MakeMyTrip aims to deliver convenience, competitive pricing, and a seamless booking experience for both retail and business customers.

Founded in June 2000 by Deep Kalra, MakeMyTrip has grown to become one of India’s leading travel technology firms.