MakeMyTrip offers a favorable analyst upside of 35% and strong cash conversion, but consecutive earnings misses and high implied volatility of 129% leave the risk-reward skewed toward caution until business fundamentals recover.
Thesis pillars
- Cash Conversion Quality→Stable
- Earnings Miss Pattern→Stable
- Analyst Upside Potential→Stable
- +1 more pillar — see the Why tab for full reasoning
MakeMyTrip Limited (MMYT) Stock Analysis
Recovery setup
Consumer Cyclical · Travel Services
Sell if holding. Engine safety override at $58.79: Risk below floor (2.6 < 3.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.6/10. Specifically: High short interest: 10%; Elevated put/call ratio: 2.30; Below long-term trend.
MakeMyTrip Limited, together with its subsidiaries, operates as a travel service provider in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, Cambodia, and Indonesia. The company operates through three segments: Air... Read more
Sell if holding. Engine safety override at $58.79: Risk below floor (2.6 < 3.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.6/10. Specifically: High short interest: 10%; Elevated put/call ratio: 2.30; Below long-term trend. Chart setup: Death cross but MACD improving, RSI 92. Score 4.6/10, moderate confidence.
Passes 7/9 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 18d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: speculative.
Recent developments
updated 2026-07-06Recent Developments — MakeMyTrip Limited
Latest news
- NEWS MakeMyTrip Limited Stock 12‑Month Price Target Cut to $75.43, Implies 82% Upside - TradingView — TradingView positive
- NEWS A Look at MakeMyTrip Ltd (MMYT) After 7.7% Decline -- GF Value $121.72 vs Price $41.46 - GuruFocus — GuruFocus negative
- NEWS MakeMyTrip (NASDAQ:MMYT) Trading Up 15.4% - Here's What Happened - MarketBeat — MarketBeat positive
- NEWS MakeMyTrip Price Target Cut Amid Travel Challenges - StocksToTrade — StocksToTrade negative
- NEWS Bank of America Slashes MakeMyTrip Price Target Amid Middle East Tensions - timothysykes.com — timothysykes.com negative
Generated 2026-07-06T06:00:35Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
5 floor-breakers
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Volatile — 5.2% daily ATR makes tight stops impractical. Position-size conservatively.static
Growth below the gate floor. Component breakdown shows what dragged the score down.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $58.79: Risk below floor (2.6 < 3.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.6/10. Specifically: High short interest: 10%; Elevated put/call ratio: 2.30; Below long-term trend. Chart setup: Death cross but MACD improving, RSI 92. Prior stop was $54.19. Score 4.6/10, moderate confidence.
Take-profit target: $61.85 (+6.1% upside). Prior stop was $54.19. Stop-loss: $54.19.
Risk below floor (2.6 < 3.0).
MakeMyTrip Limited trades at a P/E of 161.9 (forward 26.6). TrendMatrix value score: 5.0/10. Verdict: Sell.
17 analysts cover MMYT with a consensus score of 4.3/5. Average price target: $71.
What does MakeMyTrip Limited do?MakeMyTrip Limited, together with its subsidiaries, operates as a travel service provider in India, the United States,...
MakeMyTrip Limited, together with its subsidiaries, operates as a travel service provider in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, Cambodia, and Indonesia. The company operates through three segments: Air Ticketing, Hotels, and Packages and Bus Ticketing. Its products and services include air ticketing, hotels and packages, bus tickets, rail tickets, and car hire; activities and experiences and ancillary travel requirements, such as facilitating access to third-party travel and other insurance products, foreign currency exchange services, and visa-related products and services under the MakeMyTrip, Goibibo, and redBus brands. The company allows travelers to research, plan, and book a range of travel services and products in India and internationally through its primary websites, including makemytrip.com, goibibo.com, redbus.in, and makemytrip.ae; and other technology-enhanced distribution channels, such as call centers, franchisee-owned travel stores, and travel agents' network, as well as its mobile applications. It primarily serves leisure travelers and corporates. The company was formerly known as International Web Travel Private Limited and changed its name to MakeMyTrip Limited in March 2010. MakeMyTrip Limited was incorporated in 2000 and is based in Gurugram, India.