Goldman Sachs Sticks to Its Buy Rating for Makemytrip (MMYT)

Goldman Sachs analyst Manish Adukia reiterated a Buy rating on Makemytrip yesterday and set a price target of $123.00. The company’s shares opened today at $95.40.

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According to TipRanks, Adukia is a 3-star analyst with an average return of 5.1% and a 46.51% success rate.

In addition to Goldman Sachs, Makemytrip also received a Buy from Morgan Stanley’s Gaurav Rateria in a report issued on September 24. 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

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MMYT in relation to earlier this year.