MakeMyTrip (NASDAQ:MMYT) Cut to Sell at Wall Street Zen

Posted by Brian Himes on Oct 13th, 2026

Wall Street Zen cut shares of MakeMyTrip (NASDAQ:MMYT – Free Report) from a hold rating to a sell rating in a research report released on Saturday morning,Wall Street Zen reports.

Several other equities research analysts also recently weighed in on MMYT. Bank of America cut their price target on MakeMyTrip from $71.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, September 28th. HSBC assumed coverage on MakeMyTrip in a report on Thursday, July 2nd. They issued a “buy” rating and a $70.00 price objective for the company. The Goldman Sachs Group set a $84.00 target price on MakeMyTrip in a research note on Saturday, June 27th. Finally, Zacks Research downgraded MakeMyTrip from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.50.

Read Our Latest Stock Analysis on MakeMyTrip

MakeMyTrip Price Performance

Shares of MakeMyTrip stock opened at $44.34 on Friday. The stock has a market cap of $4.17 billion, a PE ratio of 369.50 and a beta of 1.07. The firm has a fifty day moving average price of $53.34 and a 200 day moving average price of $49.66. MakeMyTrip has a 1 year low of $32.67 and a 1 year high of $93.72.

Institutional Trading of MakeMyTrip

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MMYT. FACT Capital LP increased its position in shares of MakeMyTrip by 0.4% in the fourth quarter. FACT Capital LP now owns 69,641 shares of the technology company’s stock valued at $5,719,000 after buying an additional 292 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of MakeMyTrip by 74.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 990 shares of the technology company’s stock worth $37,000 after buying an additional 422 shares during the period. Farther Finance Advisors LLC lifted its position in shares of MakeMyTrip by 26.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,007 shares of the technology company’s stock valued at $95,000 after buying an additional 422 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of MakeMyTrip by 416.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 677 shares of the technology company’s stock valued at $56,000 after buying an additional 546 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of MakeMyTrip by 31.0% during the 1st quarter. SG Americas Securities LLC now owns 12,731 shares of the technology company’s stock valued at $475,000 after buying an additional 3,016 shares in the last quarter. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Company Profile

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MakeMyTrip Limited is an online travel company that operates consumer travel platforms in India and other markets. Founded in 2000 by Deep Kalra, the company provides digital tools for researching, planning and booking travel through its websites and mobile applications.

Its services include airline and rail ticketing, hotel and accommodation reservations, holiday packages, bus tickets, car rentals and airport transfers. MakeMyTrip also offers travel-related services such as activities, travel insurance and other ancillary products, depending on the market and booking channel.

The company operates the MakeMyTrip and Goibibo brands, as well as the redBus intercity bus-ticketing platform.