MakeMyTrip (NASDAQ:MMYT) Cut to Neutral at Macquarie

Macquarie has lowered its rating for MakeMyTrip NASDAQMMYT from an outperform to neutral in a research note issued to investors on Wednesday, according to MarketBeat. The firm currently has a $60.00 price target on the technology company's stock, up from their previous price target of $50.00. This change in rating indicates that Macquarie is no longer as optimistic about the future performance of MakeMyTrip and believes that its stock is now fairly valued.

Separately, StockNews.com has upgraded MakeMyTrip from a sell to neutral rating. This means that the website now sees the company's stock as having little potential for growth or decline, but it is not necessarily a buy signal. It's worth noting that these ratings are based on the analysis of financial and market data by professional analysts, and they can change frequently as new information becomes available.