MakeMyTrip Ltd (NASDAQ: MMYT) has recently enjoyed notable positive changes in fundamentals: the consensus estimate for March, 2025 increased significantly, the consensus estimate for March, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Recent meaningful positive changes in investment behavior have benefitted MakeMyTrip Ltd (NASDAQ: MMYT): the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, MMYT is expected to continue to be an important Value Builder.
MakeMyTrip has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. MakeMyTrip has a poor Appreciation Score of 17 but a very high Power Rating of 99, with the High Neutral Value Trend Rating the result.
Recent Price Action
On 6/28/24, MakeMyTrip Ltd (NASDAQ: MMYT) stock increased 1.2%, closing at $84.10. However, exceptionally low trading volume at 41% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 2.3% during the last week.
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