MMYT Stock Recent News
MMYT LATEST HEADLINES
Looking forward, India's online travel market has the potential to grow significantly in line with the expansion of the country's internet user base and middle-income population. MMYT is a good play to capitalize on the Indian online travel industry's future growth, as it is the country's largest Online Travel Agency or OTA. I assign a Buy investment rating to MakeMyTrip in view of the company's positive financial prospects.
MMYT, CNM and VLVLY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 11, 2024.
MakeMyTrip (MMYT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
MakeMyTrip Limited has the potential for further growth going forward. Q3 2024 earnings showed impressive revenue growth and a rise in overall revenue on a year-on-year basis. Gross bookings are up, and liquidity remains strong, but the rising P/E ratio indicates that price is outpacing earnings growth.
MakeMyTrip Limited (MMYT) Q3 2024 Earnings Call Transcript
MakeMyTrip (MMYT) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.14 per share a year ago.
MakeMyTrip (MMYT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
GURUGRAM, India & NEW YORK--(BUSINESS WIRE)---- $MMYT #FinancialResults--MakeMyTrip Limited plans to report its fiscal 2024 third quarter financial and operating results before markets open on Tuesday, January 23, 2024.
As we head into 2024, stocks with growth potential deserve a spot in your portfolio. While remaining overweight on blue-chip stocks, I would consider at least 40% exposure to explosive growth stocks.
MakeMyTrip Limited has the potential for continued growth based on strong growth in gross bookings. I take a bullish view on MMYT. I also acknowledge that the company needs to keep showing strong growth in bookings, revenue, and earnings for the upside to continue from here.