• MakeMyTrip is forecasted to report earnings per share of US$0.43 and revenue of US$313.62 million in its upcoming quarterly results, reflecting double-digit percentage growth over the prior year.
• Analyst optimism, demonstrated by upward estimate revisions for both earnings and revenue, points to increased confidence in the company’s near-term business and profitability outlook.
• With analysts revising their estimates higher, we'll explore what this increased optimism could mean for MakeMyTrip's long-term investment case.

Rare earth metals are the new gold rush. Find out which 35 stocks are leading the charge.

MakeMyTrip Investment Narrative Recap

To own MakeMyTrip, an investor needs confidence in the continued shift to online travel bookings and the company’s ability to capture more of India’s expanding travel market. While the latest analyst upgrades for both earnings and revenue highlight positive momentum and stronger near-term expectations, the most important catalyst remains quarterly profitability, and the biggest risk is margin pressure from rising competition and customer acquisition costs. The recent news of analyst optimism does reinforce short-term confidence, but it does not materially reduce concerns about structurally high marketing expenses impacting profitability. Of recent announcements, MakeMyTrip’s launch of its GenAI-enabled trip planning assistant stands out as most relevant to this narrative. This innovation enhances user experience and could support higher booking volumes, which directly relates to near-term earnings catalysts and the rationale behind positive estimate revisions from analysts noted in the news event. Yet despite these potential positives, investors should not lose sight of one major risk: in contrast, persistent competition and marketing costs could still limit margin expansion and this is information all investors should be aware of...

MakeMyTrip's narrative projects $1.8 billion in revenue and $288.3 million in earnings by 2028. This requires 22.2% yearly revenue growth and a $188.3 million earnings increase from $100.0 million today.

Uncover how MakeMyTrip's forecasts yield a $111.90 fair value, a 57% upside to its current price.

Exploring Other Perspectives

Retail investors in the Simply Wall St Community assigned fair value estimates for MakeMyTrip ranging from US$44.99 to US$180,922.76 across 4 perspectives. While estimates differ widely, recent analyst revisions highlight how short-term business momentum can strongly affect earnings outlooks and longer-term confidence.

Explore 4 other fair value estimates on MakeMyTrip - why the stock might be worth 37% less than the current price!

Build Your Own MakeMyTrip Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your MakeMyTrip research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision.
• Our free MakeMyTrip research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate MakeMyTrip's overall financial health at a glance.

Searching For A Fresh Perspective?

Opportunities like this don't last. These are today's most promising picks. Check them out now:

• This technology could replace computers: discover 28 stocks that are working to make quantum computing a reality.
• Uncover the next big thing with financially sound penny stocks that balance risk and reward.
• The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 25 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.