MakeMyTrip Limited (NASDAQ:MMYT) announced on Wednesday a collaboration with OpenAI to strengthen its AI-first strategy and enhance travel discovery across its platform.
Enhances AI Capabilities with OpenAI
MakeMyTrip announced its integration of OpenAI’s APIs into its app, enhancing AI-driven travel discovery and enabling users to transition from inspiration to booking seamlessly.
The collaboration aims to improve the company’s ability to respond to evolving travel intent, providing structured, transaction-ready options across various travel services.
The integration positions MakeMyTrip as a leader in AI-driven travel planning, with its Myra interface facilitating over 50,000 conversations daily across multiple languages.
This initiative is expected to enhance user engagement, especially in Tier-2 and smaller cities, where over 45% of queries originate.
This collaboration with OpenAI is significant as it enhances MakeMyTrip’s competitive edge in the rapidly evolving travel industry. By leveraging AI, the company aims to streamline the travel planning process and improve customer engagement, which is crucial for its growth strategy.
MMYT Stock Faces Bearish Trend
The stock is currently trading 9.1% below its 20-day simple moving average (SMA) and 28.9% below its 100-day SMA, indicating a bearish trend in the short to medium term. Shares have decreased 44.15% over the past 12 months and are positioned closer to their 52-week lows than highs.
The RSI is at 34.92, which is considered neutral territory, while the MACD is above its signal line, indicating bullish momentum. The combination of neutral RSI and bullish MACD suggests mixed momentum.
- Key Resistance: $61.00
- Key Support: $53.00
MMYT Financial Update and Analyst Outlook
MakeMyTrip is slated to provide its next financial update on May 13, 2026.
- EPS Estimate: 38 cents (Down from 42 cents)
- Revenue Estimate: $278.66 million (Up from $261.19 million)
- Valuation: P/E of 109.2x (Indicates premium valuation)
Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $47.57. Recent analyst moves include:
- Citigroup: Buy (Lowers Target to $96.00) (Jan. 21)
- B of A Securities: Buy (Lowers Target to $113.00) (Dec. 24, 2025)
MakeMyTrip’s Benzinga Edge Scorecard
Below is the Benzinga Edge scorecard for MakeMyTrip, highlighting its strengths and weaknesses compared to the broader market:
- Value: Weak (Score: 11.71) — Trading at a steep premium relative to peers.
- Growth: Strong (Score: 71.24) — Indicating solid growth potential.
- Momentum: Weak (Score: 3.55) — Stock is underperforming the broader market.
The Verdict: MakeMyTrip’s Benzinga Edge signal reveals a mixed outlook. While the strong growth score suggests potential, the weak momentum and value scores indicate that the stock may be facing significant challenges in the current market environment.
MMYT’s Significant ETF Exposure
- India Internet & Ecommerce ETF (NYSE:INQQ): 4.64% Weight
Significance: Because MMYT carries meaningful weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
MMYT Premarket Price Movement
MMYT Price Action: MakeMyTrip shares were down 1.99% at $55.61 during premarket trading on Wednesday. The stock is near its 52-week low of $53.09, according to Benzinga Pro data.
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