13 Best Vacation Stocks to Buy Now

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9) MakeMyTrip Limited (NASDAQ:MMYT)

Number of Hedge Fund Holders: 22

MakeMyTrip Limited (NASDAQ:MMYT) provides travel services and operates websites that allow travelers to research and plan vacations and book airline tickets, hotels, packages, and rental cars.

The company posted strong 1Q 2025 financial performance, with record-high gross bookings, revenue, and adjusted operating profit. MakeMyTrip Limited (NASDAQ:MMYT)’s gross bookings surpassed $2.4 billion, exhibiting a 22% rise on a YoY basis. It saw a strong jump of over 31% YoY, reaching $254.5 million, with adjusted operating profit rising to $39.1 million, up 30% YoY. These strong results were seen on the heels of diversified travel offerings and a strategic focus on different travel segments.

MakeMyTrip Limited (NASDAQ:MMYT) should benefit from the sectoral tailwinds, given the Indian travel market’s strong future and a cultural shift towards more vacations. MakeMyTrip Limited (NASDAQ:MMYT)’s investment in AI and data analytics allowed it to tailor its offerings to cater to the evolving needs of travelers, placing the company for sustained growth in the coming years. Moreover, Wall Street remains optimistic about the corporate travel business and UAE operations, which continue to expand, with higher customer counts and successful marketing campaigns.

In 2H 2024, MakeMyTrip Limited (NASDAQ:MMYT) expects an improvement in the domestic air market supply. The company is focused on maintaining its market share and exploring new growth opportunities.

Analysts at Citigroup initiated coverage on the shares of MakeMyTrip Limited (NASDAQ:MMYT) and increased their price objective from $93.00 to $115.00, giving it a “Buy” rating on 24th July. The number of hedge funds holding MakeMyTrip Limited (NASDAQ:MMYT) stood at 22, with total stakes amounting to $396.9 million.

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