MakeMyTrip (MMYT) Stock: Buy, Sell, or Hold?
MMYT - MakeMyTrip Limited
$44.62
-3.13 (-6.55%)
▼
5d:
-4.56%
30d:
-22.64%
90d:
-22.2%
WAIT
LOW Confidence
Analysis Updated: Oct 2, 2026 12:00 AM ET
Earnings: Oct 27, 2026
23d
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Interactive Price Chart (1 Month)
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Bottom Line:
📊 MIXED SIGNALS: MMYT shows conflicting indicators. Wait for confirmation before entering.
📊 MIXED SIGNALS: MMYT shows conflicting indicators. Wait for confirmation 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
27.9% 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 $44.62, which is considered oversold relative to its 30-day fair value range of $46.54 to $56.70. From a valuation perspective, the stock is trading at a discount (Forward PE: 21.8) compared to its historical average (26.6). Remarkably, the market is currently pricing in an annual earnings decline of 6.4% over the next few years. This aligns with recent fundamental challenges.
Technical Outlook: Technically, MMYT is in a uptrend. The price is currently testing key support at $44.45. A bounce from this level would confirm strength, while a break below could signal further downside. Short-term momentum is weak, with the stock down 6.6% recently.
Market Sentiment: MMYT scores 25/100 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 $74.30 (+66.5%). Current signals suggest waiting for a better entry point before initiating new positions.
Technical Outlook: Technically, MMYT is in a uptrend. The price is currently testing key support at $44.45. A bounce from this level would confirm strength, while a break below could signal further downside. Short-term momentum is weak, with the stock down 6.6% recently.
Market Sentiment: MMYT scores 25/100 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 $74.30 (+66.5%). Current signals suggest waiting for a better entry point before initiating new positions.
Quick Decision Summary
Current Position
OVERSOLD
Historical Trading Range
$46.54 -
$56.70
Company Quality Score
47/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
52.4%
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 (25/100)
- BULLISH: High volume confirmation
- BEARISH: Downward momentum (-6.6%)
- BULLISH: Trading 66.5% below Wall St target ($74.30)
- WARNING: Composite score 47/100 in the bottom quintile — this cohort historically lags the market
Trading Range Analysis
30-Day Trading Range
$46.54 -
$56.70
Current vs Trading Range
OVERSOLD
Support & Resistance Levels
Support Level
$44.45
Resistance Level
$49.06
Current Trend
Uptrend
Technical data as of
Oct 2, 2026
Fundamental Context
Forward P/E (Next Year Est.)
21.80
Wall Street Target
$74.30
(+66.5%)
Revenue Growth (YoY)
6.2%
Earnings Growth (YoY)
-60.8%
Profit Margin
3.2%
Valuation Discount vs History
-6.4% cheaper
PE vs Historical
21.8 vs 26.6
CHEAP
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-6.4%
(market-implied from PE analysis)
1-Year Target
$41.76
(-6%)
2-Year Target
$39.09
(-12%)
3-Year Target
$36.59
(-18%)
3-Yr Target (if PE normalizes)
(PE: 22→27)
$44.65
(+0%)
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 21.8, Growth: 27.1%)
$91.55
(+105%)
Base:
(SPY PE: 20.4, Growth: 27.1%)
$85.68
(+92%)
Bear:
(PE: 17.3, Growth: 27.1%)
$72.83
(+63%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (96x PE), but valuation improves significantly next year (22x PE) as earnings recover.
Forward PE: 96.15 | Forward EPS (Implied): $0.46
Bull Case
$53.88
(+21%)
Analyst growth 15.0%, PE expands to 101.0
Base Case
$44.62
(0%)
Market implied 0.0%, PE stable at 96.2
Bear Case
$34.13
(-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 21.8 to 26.6
Stabilization Target:
$54.45
(+22.0%)
PE Expansion Potential:
+22.0%
Share & Embed Analysis
Last updated: October 03, 2026 2:36 AM ET
Data refreshes hourly during market hours. Next update: 3:36 AM
Data refreshes hourly during market hours. Next update: 3:36 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.
