Morgan Stanley analyst Gaurav Rateria maintains $MakeMyTrip (MMYT.US)$ with a buy rating, and adjusts the target price from $111 to $112.
According to TipRanks data, the analyst has a success rate of 76.9% and a total average return of 38.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $MakeMyTrip (MMYT.US)$'s main analysts recently are as follows:
MakeMyTrip experienced a 'healthy' top-line growth of 22% year-over-year during a seasonally slower quarter, exceeding expectations by 3%. Following the second quarter, expectations for future earnings per share have been moderately adjusted upwards.
MakeMyTrip has reported a revenue beat for another consecutive quarter. However, there has been a moderation in the expectations for margin improvement, resulting in a marginal reduction in the adjusted EBIT forecasts.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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