MakeMyTrip upgraded to Outperform from Perform at Oppenheimer Oppenheimer upgraded MakeMyTrip to Outperform with a $28 price target citing the recent pullback in shares and upcoming positive catalysts. Opco sees positive catalysts from the acceleration of eCommerce adoption in India, rise in smartphone penetration levels and momentum in higher-margin hotels.
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.