Oppenheimer Cuts Price Target on Makemytrip Limited (MMYT)
Equities researchers at Oppenheimer (NYSE: OPY) dropped their target price on shares of Makemytrip Limited (NASDAQ: MMYT) to $28.00 in a report issued on Tuesday. The firm currently has an “outperform” rating on the stock.
Shares of Makemytrip Limited traded down 1.38% during mid-day trading on Tuesday, hitting $16.40. Makemytrip Limited has a one year low of $16.06 and a one year high of $33.90. The company has a market cap of $606.8 million and a P/E ratio of 144.61.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank (NYSE: DB) cut their EPS estimates on shares of Makemytrip Limited in a research note on Thursday. They now have a “buy” rating and a $25.00 price target on the stock. They previously had a $28.00 price target on the stock. Analysts at Morgan Stanley (NYSE: MS) upgraded shares of Makemytrip Limited to an “overweight” rating in a research note to investors on Monday, February 27th.
MakeMyTrip Limited is an online travel company in India. The Company conducts its business principally through its Indian subsidiary, MakeMyTrip (India) Private Limited (MMT) India.