MMYT Stock Analysis: Buy, Sell, or Hold?
MMYT - MakeMyTrip Limited
$37.88
0.59 (1.58%)
▲
5d:
-3.14%
30d:
-25.59%
90d:
-53.92%
BUY
HIGH Confidence
Analysis Updated: Apr 1, 2026 12:00 AM ET
Earnings: May 13, 2026
Smart Money Accumulation
MMYT is down 10.4% this week, but smart money is accumulating calls. Top strike: $55 2026-06-18 with 112 OI. Call ratio: 83% View Scanner →
Strength: 8.5/10
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Interactive Price Chart (1 Month)
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Bottom Line:
✅ BUY SIGNAL: MMYT trading at deep discount. Market pricing in -16.3% annual earnings decline, creating value opportunity for patient investors.
✅ BUY SIGNAL: MMYT trading at deep discount. Market pricing in -16.3% 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
$105.07
Based on 14.5% avg growth
INTRINSIC VALUE TODAY
$65.24
41.9% 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 $37.88, which is considered oversold relative to its 30-day fair value range of $39.72 to $53.55. From a valuation perspective, the stock is trading at a discount (Forward PE: 17.6) compared to its historical average (29.9). Remarkably, the market is currently pricing in an annual earnings decline of 16.3% 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 $32.67, while resistance sits at $43.63.
Market Sentiment: The stock shows a mixed technical setup (45/100), with neutral trendline and momentum signals. Wall Street analysts see significant upside, with an average price target of $101.90 (+169.0%). 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 $32.67, while resistance sits at $43.63.
Market Sentiment: The stock shows a mixed technical setup (45/100), with neutral trendline and momentum signals. Wall Street analysts see significant upside, with an average price target of $101.90 (+169.0%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Quick Decision Summary
Current Position
OVERSOLD
Fair Price Range
$39.72 -
$53.55
Company Quality Score
54/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
79.5%
All Signals
- BULLISH: Price oversold vs 30-day range
- NEUTRAL: Mixed technical signals (45/100)
- BULLISH: High volume confirmation
- BULLISH: Trading 169.0% below Wall St target ($101.90)
Fair Price Analysis
30-Day Fair Range
$39.72 -
$53.55
Current vs Fair Value
OVERSOLD
Support & Resistance Levels
Support Level
$32.67
Resistance Level
$43.63
Current Trend
Strong Downtrend
Technical data as of
Apr 1, 2026
Fundamental Context
Forward P/E (Next Year Est.)
17.55
Wall Street Target
$101.90
(+169.0%)
Revenue Growth (YoY)
10.6%
Earnings Growth (YoY)
-69.6%
Profit Margin
5.5%
Valuation Discount vs History
-16.3% cheaper
PE vs Historical
17.6 vs 29.9
CHEAP
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-16.3%
(market-implied from PE analysis)
1-Year Target
$34.09
(-10%)
2-Year Target
$30.68
(-19%)
3-Year Target
$27.61
(-27%)
3-Yr Target (if PE normalizes)
(PE: 18→30)
$47.04
(+24%)
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 22.4, Growth: 31.0%)
$108.53
(+187%)
Base:
(SPY PE: 17.6, Growth: 31.0%)
$85.23
(+125%)
Bear:
(PE: 14.9, Growth: 31.0%)
$72.45
(+91%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (77x PE), but valuation improves significantly next year (18x PE) as earnings recover.
Trailing PE: 76.50 | Current EPS (TTM): $0.52
Bull Case
$87.52
(+115%)
Analyst growth 100.0%, PE expands to 84.2
Base Case
$79.56
(+96%)
Market implied 100.0%, PE stable at 76.5
Bear Case
$27.05
(-34%)
Severe decline -20.0%, PE contracts to 65.0
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 17.6 to 29.9
Stabilization Target:
$64.53
(+70.4%)
PE Expansion Potential:
+70.4%
Share & Embed Analysis
Last updated: April 02, 2026 7:40 AM ET
Data refreshes hourly during market hours. Next update: 8:40 AM
Data refreshes hourly during market hours. Next update: 8:40 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.
