MMYT Stock Analysis: Buy, Sell, or Hold?
MMYT - MakeMyTrip Limited
$47.84
-2.67 (-5.29%)
▼
5d:
-0.75%
30d:
+15.03%
90d:
-16.22%
BUY
MODERATE Confidence
Analysis Updated: May 8, 2026 12:00 AM ET
Earnings: May 19, 2026
8d
Smart Money Accumulation
MMYT is down 4.9% this week, but smart money is accumulating calls. Top strike: $45 2026-06-18 with 198 OI. Call ratio: 60% View Scanner →
Strength: 3.5/10
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Interactive Price Chart (1 Month)
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Bottom Line:
💡 BUY OPPORTUNITY: MMYT shows positive signals but monitor for confirmation. Market pricing in 5.8% decline. Moderate conviction.
💡 BUY OPPORTUNITY: MMYT shows positive signals but monitor for confirmation. Market pricing in 5.8% decline. Moderate conviction.
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
22.7% 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 $47.84, which is considered slightly high relative to its 30-day fair value range of $39.58 to $48.13. From a valuation perspective, the stock is trading at a discount (Forward PE: 23.4) compared to its historical average (27.9). Remarkably, the market is currently pricing in an annual earnings decline of 5.8% 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 $46.10, while resistance sits at $51.09. Short-term momentum is weak, with the stock down 5.3% recently.
Market Sentiment: MMYT has a strong technical setup (75/100), with favorable trendlines, momentum, and price action for short-term traders. Wall Street analysts see significant upside, with an average price target of $88.10 (+84.2%). 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 $46.10, while resistance sits at $51.09. Short-term momentum is weak, with the stock down 5.3% recently.
Market Sentiment: MMYT has a strong technical setup (75/100), with favorable trendlines, momentum, and price action for short-term traders. Wall Street analysts see significant upside, with an average price target of $88.10 (+84.2%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Quick Decision Summary
Current Position
SLIGHTLY HIGH
Historical Trading Range
$39.58 -
$48.13
Company Quality Score
69/100
(BUY)
Volume Confirmation
HIGH
Confidence Score
71.4%
All Signals
- BULLISH: Strong technical setup (75/100)
- BULLISH: High volume confirmation
- BEARISH: Downward momentum (-5.3%)
- BULLISH: Trading 84.2% below Wall St target ($88.10)
Trading Range Analysis
30-Day Trading Range
$39.58 -
$48.13
Current vs Trading Range
SLIGHTLY HIGH
Support & Resistance Levels
Support Level
$46.10
Resistance Level
$51.09
Current Trend
Strong Downtrend
Technical data as of
May 8, 2026
Fundamental Context
Forward P/E (Next Year Est.)
23.37
Wall Street Target
$88.10
(+84.2%)
Revenue Growth (YoY)
10.6%
Earnings Growth (YoY)
-69.6%
Profit Margin
5.5%
Valuation Discount vs History
-5.8% cheaper
PE vs Historical
23.4 vs 27.9
CHEAP
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-5.8%
(market-implied from PE analysis)
1-Year Target
$45.07
(-6%)
2-Year Target
$42.45
(-11%)
3-Year Target
$39.99
(-16%)
3-Yr Target (if PE normalizes)
(PE: 23→28)
$47.74
(0%)
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 23.4, Growth: 27.1%)
$98.16
(+105%)
Base:
(SPY PE: 21.9, Growth: 27.1%)
$92.15
(+93%)
Bear:
(PE: 18.6, Growth: 27.1%)
$78.33
(+64%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (97x PE), but valuation improves significantly next year (23x PE) as earnings recover.
Trailing PE: 97.13 | Current EPS (TTM): $0.52
Bull Case
$111.12
(+132%)
Analyst growth 100.0%, PE expands to 106.9
Base Case
$101.02
(+111%)
Market implied 100.0%, PE stable at 97.1
Bear Case
$34.35
(-28%)
Severe decline -20.0%, PE contracts to 82.6
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 23.4 to 27.9
Stabilization Target:
$57.11
(+19.4%)
PE Expansion Potential:
+19.4%
Share & Embed Analysis
Last updated: May 10, 2026 3:49 PM ET
Data refreshes hourly during market hours. Next update: 4:49 PM
Data refreshes hourly during market hours. Next update: 4:49 PM
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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.
