Latest news with #Makemytrip
Yahoo
03-07-2025
- Business
- Yahoo
Growth funds favor Makemytrip and SK Hynix: BofA
-- Growth-oriented equity funds are increasingly concentrating bets in names showing strong earnings, price, and news momentum, according to Bank of America's latest Global Fund Performance Monitor. BofA highlighted that 'Growth funds' largest overweight positions with a high Triple Momentum Rank (top quintile by earnings, price, and news momentum) include Makemytrip (NASDAQ:MMYT), AIA, HDFC Bank, SK Hynix, and Genus (LON:GNS).' The firm's 'Triple Momentum' framework is said to identify stocks that score in the top quintile across all three metrics. On the flip side, some of Growth funds' largest overweights are in names lacking momentum, including Icon (NASDAQ:ICLR) Plc, Intermediate Capital, Clean Harbors (NYSE:CLH), and Azelis, BofA said. Value funds are also showing clear preferences, according to the bank. 'Value funds' largest overweight positions with a high Triple Momentum Rank include Capital One (NYSE:COF), US Foods, FirstCash (NASDAQ:FCFS), Popular Inc (NASDAQ:BPOP), and Markel (NYSE:MKL),' said BofA. However, negative momentum names such as Installed Building, Sysco (NYSE:SYY), ConocoPhillips (NYSE:COP), Lazard (NYSE:LAZ), and IAC still feature among top holdings. Despite a 4.4% rally in global equities during June, active fund managers struggled to beat their benchmarks. '46% of Active Funds globally outperformed benchmark with a median relative return of -0.09%,' BofA wrote. Growth and Value funds fared similarly, with 46% and 45% outperforming, respectively, while Yield funds underperformed with only 37% beating benchmarks. By region, Japan stood out, with '61% of Japan funds outperforming (+0.40%),' while Asia Pacific ex-Japan lagged, with just 38% outperforming and a negative median relative return. Related articles Growth funds favor Makemytrip and SK Hynix: BofA BofA sees improving ad market boosting Roku's outlook as it lifts target Morgan Stanley sees 'a compelling catalyst' for Salesforce stock rally Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-07-2025
- Business
- Yahoo
Morgan Stanley sees 'a compelling catalyst' for Salesforce stock rally
-- Morgan Stanley analysts say Salesforce's recent pricing and packaging changes could serve as a key driver for growth acceleration, providing 'a compelling catalyst' to re-rate the stock. The firm reiterated its Overweight rating on Salesforce (NYSE:CRM) in a note Thursday, citing untapped upside potential in the company's subscription revenue trajectory through fiscal 2028. 'Pricing & Packaging (NYSE:PKG) remains a compelling catalyst for growth acceleration to re-rate shares,' Morgan Stanley wrote in a note, following meetings with Salesforce management. The firm said it walked away with 'a clearer view of the prospect for topline re-acceleration,' driven in large part by strategic price increases and bundled offerings. While list price increases on the Enterprise and Unlimited tiers of Sales and Service Cloud are expected to contribute 'modest tailwinds' of 60 basis points and 50 basis points to fiscal 2027 and 2028 subscription revenue growth, Morgan Stanley sees a bigger opportunity in customer upgrades. 'The increased list prices going into effect in August 2025 represent a strategic effort, meant to push adoption of Premium tiers given incremental bundled value,' the analysts noted. Using Sales Cloud as a benchmark, the bank estimates that customers can achieve ~70% cost savings when adopting Unlimited Edition bundles versus standalone features, and over 100% cost savings with the Agentforce 1 tier versus Unlimited on a like-for-like basis. Morgan Stanley believes these price moves will incentivize large customers to migrate to higher-tier plans, particularly as those bundles include high-value tools like Data Cloud and Agentforce. 'Valuation remains undemanding,' the analysts added, with Salesforce trading at ~17x EV/2026 FCF versus a ~33x average for large-cap peers. They concluded: 'Innovative Pricing/Packaging strategies driving upgrade activity should prove a compelling catalyst for inflecting growth higher.' Related articles Morgan Stanley sees 'a compelling catalyst' for Salesforce stock rally Growth funds favor Makemytrip and SK Hynix: BofA BofA sees improving ad market boosting Roku's outlook as it lifts target
Business Insider
17-06-2025
- Business
- Business Insider
Goldman Sachs Remains a Buy on Makemytrip (MMYT)
Goldman Sachs analyst Manish Adukia reiterated a Buy rating on Makemytrip (MMYT – Research Report) today and set a price target of $126.00. The company's shares opened today at $101.53. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Adukia is ranked #3656 out of 9551 analysts. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Makemytrip with a $122.75 average price target, implying a 20.90% upside from current levels. In a report released on May 15, Citi also maintained a Buy rating on the stock with a $125.00 price target.
