MakeMyTrip (MMYT) Stock: Buy, Sell, or Hold?
MMYT - MakeMyTrip Limited
$50.09
1.01 (2.06%)
▲
5d:
-12.32%
30d:
-16.95%
90d:
+20.0%
WAIT
LOW Confidence
Analysis Updated: Sep 11, 2026 12:00 AM ET
Earnings: Oct 27, 2026
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Interactive Price Chart (1 Month)
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Bottom Line:
⏸️ WAIT FOR STABILIZATION: MMYT is down 12.3% over the last 5 days. While fundamentals may be solid, catching a falling knife is risky. Wait for price to stabilize before entering.
⏸️ WAIT FOR STABILIZATION: MMYT is down 12.3% over the last 5 days. While fundamentals may be solid, catching a falling knife is risky. Wait for price to stabilize before entering.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$99.66
Based on 14.5% avg growth
INTRINSIC VALUE TODAY
$61.88
19.1% Margin of Safety
How this is calculated: We use a Growth Decay Model: starting with analyst consensus growth (adjusted above) and gradually slowing it down to a long-term terminal rate (4%) by Year 5. This provides a more realistic valuation than assuming constant hyper-growth. We then apply a 25.0x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: MMYT is currently trading at $50.09, which is considered oversold relative to its 30-day fair value range of $55.48 to $62.09. The stock's valuation (Forward PE: 24.5) is in line with its historical norms (26.8). Remarkably, the market is currently pricing in an annual earnings decline of 3.0% over the next few years. This aligns with recent fundamental challenges.
Technical Outlook: Technically, MMYT is in a strong uptrend. Immediate support is located at $48.00, while resistance sits at $59.66.
Market Sentiment: MMYT scores 35/100 on our bottoming-setup gauge. Note this measures entry quality, not trend direction — a low score can mean the chart is extended after a strong run (don't chase) or still falling without stabilization; better entries typically come after a pullback toward the 20-day average. Wall Street analysts see significant upside, with an average price target of $75.40 (+50.5%). Current signals suggest waiting for a better entry point before initiating new positions.
Technical Outlook: Technically, MMYT is in a strong uptrend. Immediate support is located at $48.00, while resistance sits at $59.66.
Market Sentiment: MMYT scores 35/100 on our bottoming-setup gauge. Note this measures entry quality, not trend direction — a low score can mean the chart is extended after a strong run (don't chase) or still falling without stabilization; better entries typically come after a pullback toward the 20-day average. Wall Street analysts see significant upside, with an average price target of $75.40 (+50.5%). Current signals suggest waiting for a better entry point before initiating new positions.
Quick Decision Summary
Current Position
OVERSOLD
Historical Trading Range
$55.48 -
$62.09
Company Quality Score
52/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
57.1%
Protect Your Profits
Holding MMYT? Use our AI-powered strategies to protect your downside while keeping your long-term position.
View Profit Protection PlanAll Signals
- BULLISH: Price oversold vs 30-day range
- BEARISH: Weak technical setup (35/100)
- BULLISH: High volume confirmation
- BULLISH: Trading 50.5% below Wall St target ($75.40)
- WARNING: Composite score 52/100 in the bottom quintile — this cohort historically lags the market
Trading Range Analysis
30-Day Trading Range
$55.48 -
$62.09
Current vs Trading Range
OVERSOLD
Support & Resistance Levels
Support Level
$48.00
Resistance Level
$59.66
Current Trend
Strong Uptrend
Technical data as of
Sep 11, 2026
Fundamental Context
Forward P/E (Next Year Est.)
24.47
Wall Street Target
$75.40
(+50.5%)
Revenue Growth (YoY)
6.2%
Earnings Growth (YoY)
-60.8%
Profit Margin
3.2%
Valuation Discount vs History
-3.0% cheaper
PE vs Historical
24.5 vs 26.8
FAIR
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-3.0%
(market-implied from PE analysis)
1-Year Target
$48.59
(-3%)
2-Year Target
$47.13
(-6%)
3-Year Target
$45.72
(-9%)
3-Yr Target (if PE normalizes)
(PE: 24→27)
$50.07
(0%)
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 24.5, Growth: 27.1%)
$102.77
(+105%)
Base:
(SPY PE: 20.2, Growth: 27.1%)
$84.72
(+69%)
Bear:
(PE: 17.1, Growth: 27.1%)
$72.01
(+44%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (96x PE), but valuation improves significantly next year (24x PE) as earnings recover.
Forward PE: 96.15 | Forward EPS (Implied): $0.52
Bull Case
$60.48
(+21%)
Analyst growth 15.0%, PE expands to 101.0
Base Case
$50.09
(0%)
Market implied 0.0%, PE stable at 96.2
Bear Case
$38.32
(-24%)
Severe decline -15.0%, PE contracts to 86.5
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
💡
Upside Surprise Potential
If earnings stabilize (0% growth), PE could expand from 24.5 to 26.8
Stabilization Target:
$54.86
(+9.5%)
PE Expansion Potential:
+9.5%
Share & Embed Analysis
Last updated: September 12, 2026 11:20 PM ET
Data refreshes hourly during market hours. Next update: 12:20 AM
Data refreshes hourly during market hours. Next update: 12:20 AM
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Technical Signals Check
Is MMYT showing a specific setup today?
Insider Activity (6 Months)
0
Buys
0
Sells
0
Net
NEUTRAL
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Professional options setups generated by AI based on today's MMYT price and gamma walls.
