Morgan Stanley analyst Gaurav Rateria maintained a Buy rating on Makemytrip (MMYT – Research Report) today and set a price target of $120.00.
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Gaurav Rateria has given his Buy rating due to a combination of factors surrounding MakeMyTrip’s market position and strategic initiatives. Despite the increase in competitive activity with the introduction of new players like Paytm in the hotel booking segment, Rateria views these developments as expansions in distribution channels rather than direct threats. This indicates confidence in MakeMyTrip’s established market presence and its ability to leverage partnerships to maintain growth.
Furthermore, Rateria highlights the fragmented…
