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Citi Lowers MakeMyTrip (MMYT) Price Target to $96, Maintains Buy

We recently published an article titled 10 Best Cruise Stocks to Buy Right Now.

On January 21, Citi lowered its price target on MakeMyTrip Limited (NASDAQ:MMYT) to $96 from $108 while maintaining a Buy rating following the company’s third-quarter results. Although estimates were revised to reflect more conservative margin assumptions, the firm characterized underlying growth as solid, given a challenging operating environment, and views the current valuation as attractive.

In the same quarter, MakeMyTrip Limited (NASDAQ:MMYT) reported strong leisure demand, with accommodation volume increasing 20.3% year-over-year and standard hotel bookings rising 20.6%. Room nights in the non-premium segment expanded more than 23% year-over-year. The company expanded its tours and activities offering to over 200,000 bookable experiences across 1,100 cities in 130 countries and now lists more than 97,000 accommodation options across 2,050 cities.

Capital returns remain a priority, with approximately $46.1 million deployed under its buyback program during the quarter, and total authorization increased to $200 million. The company ended the period with over $100 million in cash equivalents, providing financial flexibility to support continued platform expansion. This combination of robust demand growth, product diversification, and disciplined capital allocation underpins a constructive long-term outlook.

Founded in 2000 and headquartered in Gurgaon, India, MakeMyTrip Limited (NASDAQ:MMYT) operates a leading online travel platform offering airline tickets, hotel reservations, holiday packages, and rail and bus bookings. Its scale, expanding inventory, and strong brand recognition position it to benefit from sustained growth in India’s travel and tourism sector.

While we acknowledge the potential of MMYT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MMYT and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 8 Up and Coming Streaming Companies and Services and 11 Best Canadian Growth Stocks to Buy According to Hedge Funds.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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