Jim Cramer - Mad MoneyMakeMyTrip MMYTDON'T BUYAug 17, 2026
After doing nothing for a decade, it started to make huge run in late 2023 to a peak in late 2024. Since then, it's lost most of those gains, due to AI fears. Peers have recently bounced back in online travel. MMYT has been putting up good numbers, but is no longer cheap at 33x PE. (Expedia trades at 15x.)
After doing nothing for a decade, it started to make huge run in late 2023 to a peak in late 2024. Since then, it's lost most of those gains, due to AI fears. Peers have recently bounced back in online travel. MMYT has been putting up good numbers, but is no longer cheap at 33x PE. (Expedia trades at 15x.)