MakeMyTrip price target lowered to $16 from $20 at Pacific Crest After MakeMyTrip reported weaker than expected results for its September quarter, Pacific Crest doesn't expect negative airline trends to weigh on the company's results in the near-term. The firm ,however, remains upbeat on the company's long-term outlook and maintains an Outperform rating.
MakeMyTrip reports Q4 adjusted EPS (4c), consensus (3c) Reports Q4 revenue less service costs $36.37M, consensus $39.92M. Gross Bookings reached $404.4M in Q4 and $1.65B in FY15, representing a year-over-year increase of 19.4% and 32.2% respectively. Results reported yesterday morning in a regulatory filing.