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Makemytrip: Citigroup maintains a 'Buy' Rating, The Target Price is $120
ByAinvest
Wednesday, Jul 23, 2025 2:00 pm ET1min read
Citigroup maintains 'Buy' rating on Makemytrip(MMYT).
The target price is $120, compare with $125 previously.
[Recent Rating]
| Date | Agency | Change | Rating | Rating （previously） | Target Price | Target Price（previously） |
|---|---|---|---|---|---|---|
| 2025-07-23 | Citigroup | Maintains | Buy | Buy | $120 | $125 |
| 2025-06-24 | Macquarie | Upgrades | Outperform | Neutral | $110 | $-- |
[Recent Earning Results] Makemytrip posted the Q1 of its 2025 financial results on 7/22/2025, reporting total revenue of USD 268.85 million in the first quarter, up 5.63% from USD 254.52 million year over year, reporting net income of USD 25.81 million in the first quarter, up 22.61% from USD 21.05 million year over year.
[Company Profile] Makemytrip Limited is a public company incorporated under the laws of Mauritius with limited liability on April 28, 2000 and the company holds a Category 1 Global Business Licence issued by the Financial Services Commission in Mauritius.The company is a leading online travel company in India. Through the company's primary websites, www.makemytrip.com, www.goibibo.com and www.redbus.in, and mobile platforms, travelers can research, plan and book a wide range of travel services and products in India as well as overseas. The company's services and products include air ticketing, hotels and packages, bus tickets, rail tickets, car hire, experiences and ancillary travel requirements such as facilitating access to third-party travel insurance and visa processing.
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