Makemytrip (MMYT) Stock
Leading Indian online travel marketplace for flights and hotels. Here's the price, business snapshot, and what's worth knowing about Makemytrip in October 2026.
MakeMyTrip Limited (MMYT) is an India-based online travel company that operates a marketplace for flights, hotels, holiday packages and ancillary services. Investors should know it benefits from India's rising domestic and outbound travel demand, digital adoption and increasing discretionary spending. Revenue stems from transaction fees, merchant model hotel bookings, packaged tours and advertising; margins can fluctuate with promotional activity and commission mix. Key strengths include brand recognition, a large user base and mobile-led distribution, while challenges include intense competition (global and local players), regulatory and tax changes, sensitivity to fuel prices and economic cycles, and the potential for travel disruptions (pandemic, geopolitical events). The company’s market capitalisation is about $8.57bn, reflecting investors’ expectations for growth in a large travel market. This summary is educational, not advice: travel stocks can be volatile, and prospective investors should consider fit with their objectives and seek personalised guidance if needed.
Makemytrip (MMYT) Stock Forecast
Analyst price target, next 12 months
$96.06
+115.3% vs today's $44.62
Price range over the last 12 months
Close to its 12-month low
Analysts covering Makemytrip have a consensus 12-month target of $96.06, above the current price of $44.62.
Analyst targets are opinions, not guarantees. Capital at risk. Data as of 5 Oct 2026.
Source: Analyst sentiment is provided by Refinitiv Ltd, a global leader in financial market data with over 40k business clients. Refinitiv Ltd is an independent third party to Nemo. This is not advice.
Stock Performance Snapshot
Analyst Rating
Analysts strongly recommend buying MakeMyTrip's stock, with a target price indicating significant growth potential.
Financial Health
MakeMyTrip is producing strong revenue and cash flow, indicating solid financial performance overall.
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Why You’ll Want to Watch This Stock
Large domestic market
India’s travel market is expanding with rising incomes and smartphone use, offering long-term addressable demand — though spending can fluctuate with economic cycles.
Diversified services mix
MakeMyTrip sells flights, hotels and packages across leisure and business segments, which supports multiple revenue streams but brings competitive pressures.
Execution matters
Customer acquisition, mobile experience and supplier relationships drive performance; operational execution and marketing efficiency can materially affect results.
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