Makemytrip (MMYT) Receives a Buy from J.P. Morgan

J.P. Morgan analyst Ankur Rudra maintained a Buy rating on Makemytrip on July 22 and set a price target of $120.00. The company’s shares closed yesterday at $101.62.

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Rudra covers the Technology sector, focusing on stocks such as HCL Technologies Limited, Tata Consultancy Services Limited, and Mphasis Limited. According to TipRanks, Rudra has an average return of 0.3% and a 48.33% success rate on recommended stocks.

In addition to J.P. Morgan, Makemytrip also received a Buy from Citi’s Vijit Jain in a report issued on July 23. However, on the same day, TR | OpenAI – 4o reiterated a Hold rating on Makemytrip (NASDAQ: MMYT).

Based on Makemytrip’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $268.85 million and a net profit of $25.92 million. In comparison, last year the company earned a revenue of $254.52 million and had a net profit of $21.03 million