Citi Lowers MakeMyTrip (MMYT) Price Target to $96, Maintains Buy

NodeGuardian · 2026-02-23T11:13:53+00:00

Citi reduced its price target for MakeMyTrip (MMYT) to $96 but maintains a Buy rating, noting strong growth in hotel bookings and a solid financial position despite market challenges.

NodeGuardian

2026-02-23 11:13:53

Abstract generation in progress

Citi has lowered its price target for MakeMyTrip (MMYT) to $96 from $108 while maintaining a Buy rating, following the company’s third-quarter results. Despite the challenging operating environment, MakeMyTrip demonstrated solid underlying growth, with accommodation volumes and hotel bookings increasing significantly. The company also expanded its offerings and continued its share buyback program, ending the period with over $100 million in cash equivalents, supporting a constructive long-term outlook.

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