MakeMyTrip Limited (MMYT): Merger A Game Changer - Jefferies

November 28, 2016 7:08 AM EST
Get Alerts MMYT Hot Sheet
Price: $31.00 +3.23%

Rating Summary:
    9 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
Trade MMYT Now!
Join SI Premium – FREE

Get the Pulse of the Market with's Pulse Picks. Get your Free Trial here.

Jefferies analyst, Arya Sen, reiterated his Buy rating on shares of MakeMyTrip (NASDAQ: MMYT) after the announcement of the merger with Ibibo group.

The analyst believes this is a game-changer for the company (and the sector) as it combines the top two players in the Indian OTA space and should pave the path to profitability by reducing competitive intensity and promotional spend. Based on transaction data and FY15 financials, the analyst estimates US$260mn net revenues for the combined entity in FY16 which could rise to US$500mn by FY18, with US$300mn coming from standalone hotel booking.

For an analyst ratings summary and ratings history on MakeMyTrip click here. For more ratings news on MakeMyTrip click here.

Shares of MakeMyTrip closed at $24.00 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Related Entities

Jefferies & Co, Definitive Agreement

Add Your Comment