MakeMyTrip Limited Stock 12‑Month Price Target Cut to $71.89, Implies 71% Upside

What happened

According to estimates from 9 analysts, MakeMyTrip Limited stock's average price target has fallen from $72.44 to $71.89, with forecasts ranging from $55 to $81 per share. The consensus rating remains Buy across 10 covering analysts.

Confirmed

Global impact / market context

A slightly lower average target still implies large potential upside from the October 23 closing price, which suggests analysts expect the shares to recover. Because all covering analysts rate the stock Buy, the lowered target reflects a small adjustment rather than a change in view.

Analyst inference

The wide range from $55 to $81 per share shows analysts disagree about how much the travel booking company is worth. A falling average target can signal that expectations for future revenue or profit have been trimmed, which may weigh on investor positioning.

Analyst inference

What to watch

1. The average target now sits at $71.89, down from $72.44, based on estimates from 9 analysts, and the highest forecast is $81 per share. Confirmed
2. Watch whether more analysts revise their targets, since the current consensus rating is Buy with 10 Buys, 0 Holds and 0 Sells across 10 covering analysts. Proposed
3. Track the October 23 closing price used for the 71% upside figure, because a higher share price would shrink that implied gain even if targets stay unchanged. Analyst inference

Evidence

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