MakeMyTrip price target raised to $115 from $93 at Citi

Citi raised the firm’s price target on MakeMyTrip to $115 from $93 and keeps a Buy rating on the shares following the fiscal Q1 report. International outbound is shaping up as a key growth and competitive edge for Makemytrip, likely helping it deliver growth across business-to-consumer and business-to-business channels, the analyst tells investors in a research note. The firm says MakeMyTrip remains one of its key picks.