MakeMyTrip (MMYT) to Release Quarterly Earnings on Wednesday

MakeMyTrip (NASDAQ:MMYT) is anticipated to release its Q3 2026 results before the market opens on Wednesday, January 21st. Analysts expect the company to announce earnings of $0.43 per share and revenue of $306.2860 million for the quarter. Investors can find conference call details on the company’s upcoming Q3 2026 earning report page for the latest details on the call scheduled for Wednesday, January 21, 2026 at 7:30 AM ET.

MakeMyTrip Stock Performance

Shares of MMYT stock opened at $73.90 on Tuesday. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 38.85. MakeMyTrip has a 1-year low of $69.69 and a 1-year high of $120.72. The stock’s fifty day simple moving average is $78.12 and its 200-day simple moving average is $88.50. The company has a market capitalization of $8.22 billion, a price-to-earnings ratio of 115.47 and a beta of 0.66.

Institutional Investors Weigh In On MakeMyTrip

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MMYT. Man Group plc raised its holdings in MakeMyTrip by 6,434.6% in the second quarter. Man Group plc now owns 632,747 shares of the technology company’s stock worth $62,022,000 after purchasing an additional 623,064 shares during the period. Wasatch Advisors LP lifted its stake in shares of MakeMyTrip by 20.8% in the 2nd quarter. Wasatch Advisors LP now owns 1,009,860 shares of the technology company’s stock valued at $98,986,000 after acquiring an additional 173,622 shares during the last quarter. Balyasny Asset Management L.P. increased its position in shares of MakeMyTrip by 208.3% during the second quarter. Balyasny Asset Management L.P. now owns 254,629 shares of the technology company’s stock worth $24,959,000 after buying an additional 172,039 shares during the period. Jump Financial LLC bought a new position in MakeMyTrip in the third quarter worth approximately $13,879,000. Finally, Voloridge Investment Management LLC boosted its position in MakeMyTrip by 44.4% in the third quarter. Voloridge Investment Management LLC now owns 438,177 shares of the technology company’s stock worth $41,013,000 after purchasing an additional 134,691 shares during the last quarter. Hedge funds and other institutional investors own 51.89% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MMYT shares. Morgan Stanley reissued an “overweight” rating on shares of MakeMyTrip in a research note on Wednesday, December 31st. Wall Street Zen cut MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Bank of America lowered their price target on shares of MakeMyTrip from $115.00 to $113.00 and set a “buy” rating on the stock in a research report on Wednesday, December 24th. Finally, Weiss Ratings initiated coverage on shares of MakeMyTrip in a research note on Thursday, October 30th. They issued a “hold (c)” rating for the company. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, MakeMyTrip has an average rating of “Moderate Buy” and an average price target of $114.33.

MakeMyTrip Company Profile

MakeMyTrip Inc is an online travel company that provides a comprehensive suite of travel products and services through its website and mobile app platform. The company’s offerings include air ticketing, hotel reservations, holiday packages, rail and bus ticket bookings, ancillary travel services such as travel insurance and visa assistance, and corporate travel management solutions. By leveraging technology-driven platforms, MakeMyTrip aims to deliver convenience, competitive pricing, and a seamless booking experience for both retail and business customers.

Founded in June 2000 by Deep Kalra, MakeMyTrip has grown to become one of India’s leading travel technology firms.