Goldman Sachs Sticks to Their 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 closed yesterday at $77.30.

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Adukia covers the Technology sector, focusing on stocks such as Tech Mahindra Limited, HCL Technologies Limited, and Infosys Limited. According to TipRanks, Adukia has an average return of 4.2% and a 45.83% success rate on recommended stocks.

In addition to Goldman Sachs, Makemytrip also received a Buy from Morgan Stanley’s Gaurav Rateria in a report issued yesterday. However, on the same day, TR | OpenAI – 4o reiterated a Hold rating on Makemytrip (NASDAQ: MMYT).

MMYT market cap is currently $10.01B and has a P/E ratio of 116.24.

Based on the recent corporate insider activity of 10 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.