MakeMyTrip price target raised to $95 from $88 at BofA

BofA raised the firm’s price target on MakeMyTrip to $95 from $88 and keeps a Buy rating on the shares. Citing slightly softer estimates, the firm cut its FY25 EPS estimate by 7%, but increased its FY25/26 EPS view by 4% given sustained travel momentum. The firm continues to remain optimistic on the sustained travel trends in India, the analyst tells investors.