MakeMyTrip price target raised to $119 from $112 at BofA

BofA analyst Sachin Salgaonkar raised the firm’s price target on MakeMyTrip (MMYT) to $119 from $112 and keeps a Buy rating on the shares. MakeMyTrip delivered “healthy” 22% year-over-year top-line growth in a seasonally slower quarter, coming in 3% ahead of expectations, the analyst tells investors in a post-earnings note. Post Q2, the firm tweaked its FY25 and FY26 EPS estimates higher.