MMYT Stock Analysis: Buy, Sell, or Hold?
MMYT - MakeMyTrip Limited
$62.38
0.32 (0.52%)
ā²
BUY
HIGH Confidence
Last Updated: January 30, 2026
Earnings: Jan 21, 2026
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Interactive Price Chart (1 Month)
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Bottom Line:
ā BUY SIGNAL: MMYT trading at deep discount. Market pricing in -8.1% annual earnings decline, creating value opportunity for patient investors.
ā BUY SIGNAL: MMYT trading at deep discount. Market pricing in -8.1% annual earnings decline, creating value opportunity for patient investors.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$107.33
Based on 14.5% avg growth
INTRINSIC VALUE TODAY
$66.65
6.4% 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 $62.38, which is considered oversold relative to its 30-day fair value range of $66.93 to $84.34. From a valuation perspective, the stock is trading at a discount (Forward PE: 28.3) compared to its historical average (36.5). Remarkably, the market is currently pricing in an annual earnings decline of 8.1% over the next few years. This aligns with recent fundamental challenges.
Technical Outlook: Technically, MMYT is in a strong downtrend. Immediate support is located at $60.22, while resistance sits at $75.13.
Market Sentiment: The stock shows a mixed technical setup (40/100), with neutral trendline and momentum signals. Wall Street analysts see significant upside, with an average price target of $102.90 (+65.0%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Technical Outlook: Technically, MMYT is in a strong downtrend. Immediate support is located at $60.22, while resistance sits at $75.13.
Market Sentiment: The stock shows a mixed technical setup (40/100), with neutral trendline and momentum signals. Wall Street analysts see significant upside, with an average price target of $102.90 (+65.0%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Quick Decision Summary
Current Position
OVERSOLD
Fair Price Range
$66.93 -
$84.34
Company Quality Score
52/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
79.5%
All Signals
- BULLISH: Price oversold vs 30-day range
- NEUTRAL: Mixed technical signals (40/100)
- BULLISH: High volume confirmation
- BULLISH: Trading 65.0% below Wall St target ($102.90)
Fair Price Analysis
30-Day Fair Range
$66.93 -
$84.34
Current vs Fair Value
OVERSOLD
Support & Resistance Levels
Support Level
$60.22
Resistance Level
$75.13
Current Trend
Strong Downtrend
Fundamental Context
Forward P/E (Next Year Est.)
28.29
Wall Street Target
$102.90
(+65.0%)
Revenue Growth (YoY)
10.6%
Earnings Growth (YoY)
-69.6%
Profit Margin
5.5%
Valuation Discount vs History
-8.1% cheaper
PE vs Historical
28.3 vs 36.5
CHEAP
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-8.1%
(market-implied from PE analysis)
1-Year Target
$57.33
(-8%)
2-Year Target
$52.68
(-16%)
3-Year Target
$48.42
(-22%)
3-Yr Target (if PE normalizes)
(PE: 28ā37)
$62.46
(+0%)
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 28.3, Growth: 31.9%)
$143.27
(+130%)
Base:
(SPY PE: 22.3, Growth: 31.9%)
$112.92
(+81%)
Bear:
(PE: 19.0, Growth: 31.9%)
$95.98
(+54%)
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Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (116x PE), but valuation improves significantly next year (28x PE) as earnings recover.
Trailing PE: 115.90 | Current EPS (TTM): $0.52
Bull Case
$132.59
(+113%)
Analyst growth 100.0%, PE expands to 127.5
Base Case
$120.54
(+93%)
Market implied 100.0%, PE stable at 115.9
Bear Case
$40.98
(-34%)
Severe decline -20.0%, PE contracts to 98.5
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
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Upside Surprise Potential
If earnings stabilize (0% growth), PE could expand from 28.3 to 36.5
Stabilization Target:
$80.47
(+29.0%)
PE Expansion Potential:
+29.0%
Last updated: February 01, 2026 3:40 AM ET
Data refreshes hourly during market hours. Next update: 4:40 AM
Data refreshes hourly during market hours. Next update: 4:40 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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Advanced MMYT Option Strategies
Professional options setups generated by AI based on today's MMYT price and gamma walls.
