Stock Track | MakeMyTrip Soars 5% as Goldman Sachs Reaffirms Buy Rating

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MakeMyTrip (MMYT) shares surged 5.03% in Thursday's intraday trading session, following a bullish analyst report from Goldman Sachs. The online travel company's stock gained momentum after Goldman Sachs reiterated its Buy rating on MMYT shares.

Goldman Sachs analyst Manish Adukia maintained a Buy rating on MakeMyTrip and set an ambitious price target of $123.00. This reaffirmation of the positive outlook for the company appears to have boosted investor confidence, driving the stock's significant upward movement.

The market's enthusiastic response to the analyst's recommendation suggests that investors are optimistic about MakeMyTrip's growth prospects and financial performance. As the travel industry continues to recover post-pandemic, MakeMyTrip's strong position in the online travel booking sector could be a key factor in attracting both analyst and investor interest.

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