MakeMyTrip: Dominant OTA Player In India

Jul. 29, 2024 11:18 PM ETMakeMyTrip Limited (MMYT) StockMMYT
May Investing Ideas
479 Followers
(9min)

Summary

  • Buy rating for MakeMyTrip due to its robust long-term growth runway supported by a strong domestic and international travel industry.
  • MMYT is the largest player in India's online travel agency market, with strong revenue growth and margin expansion potential.
  • The expected target price for MMYT is $111 based on a 9.2x forward revenue multiple.

Mother pulling young boy on suitcase and loading car for family vacation

MoMo Productions/DigitalVision via Getty Images

Investment overview

I give a buy rating for MakeMyTrip Ltd. (NASDAQ:MMYT) as the long-term growth runway is very robust, supported by a strong domestic travel industry and a growing mix of international travel. Being the dominant

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