Nomura analyst Rishit Parikh maintained a Buy rating on Makemytrip (NASDAQ:MMYT) Limited on Thursday, setting a price target of $35, which is approximately 22.68% above the present share price of $28.53.
Parikh expects Makemytrip Limited to post earnings per share (EPS) of -$0.03 for the first quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Makemytrip, with an average price target of $36.13.
The analysts price targets range from a high of $37.5 to a low of $35.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $56.81 million and a net profit of -$7.34 million. The company's market cap is $2.95 billion.
According to TipRanks.com, Nomura analyst Rishit Parikh is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 29.7% and a 66.67% success rate.
MakeMyTrip Ltd . is an online travel company. Its services and products include air ticketing, hotels and packages, rail tickets, bus tickets, car hire, experiences and ancillary travel requirements such as facilitating access to third-party travel insurance and visa processing. The company's brands include MakeMyTrip, goibibo, and redbus. It operates through the following three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. The Air Ticketing segment provides the facility to book domestic and international air tickets. The Hotels and Packages segment provides holiday packages and hotel reservations. The Bus Ticketing segment provides the facility to book domestic and international bus tickets. MakeMyTrip was founded by Deep Kalra and Rajesh Magow on April 28, 2000 and is headquartered in Gurgaon, India.