Somewhat Favorable News Coverage Somewhat Unlikely to Affect MakeMyTrip (MMYT) Stock Price

News coverage about MakeMyTrip (NASDAQ:MMYT) has trended somewhat positive recently, according to Accern. Accern rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. MakeMyTrip earned a news impact score of 0.22 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.5691419675462 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

Shares of MakeMyTrip opened at $34.90 on Friday, Marketbeat Ratings reports. The company has a market capitalization of $3.13 billion, a P/E ratio of -18.56 and a beta of -0.06. MakeMyTrip has a 1 year low of $22.40 and a 1 year high of $40.31.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of MakeMyTrip from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Wednesday, March 21st. BidaskClub cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. JPMorgan Chase raised shares of MakeMyTrip from a “neutral” rating to an “overweight” rating and set a $36.00 price objective on the stock in a research note on Tuesday, February 27th. TheStreet raised shares of MakeMyTrip from a “d” rating to a “c-” rating in a research note on Friday, February 23rd. Finally, Nomura raised shares of MakeMyTrip from a “reduce” rating to a “neutral” rating in a research note on Monday, May 14th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. MakeMyTrip presently has an average rating of “Hold” and a consensus price target of $34.20.

MakeMyTrip Company Profile

MakeMyTrip Limited, an online travel company, provides travel products and solutions in India and internationally. MakeMyTrip Limited, an online travel company, engages in the business of selling travel products and solutions in India, the United States, the Netherlands, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Hong Kong, and Bangladesh.

Insider Buying and Selling by Quarter for MakeMyTrip (NASDAQ:MMYT)

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