MakeMyTrip (MMYT) stock is soaring in Thursday's intraday trading, recording a significant 5.03% increase. This upward movement comes on the heels of a bullish analyst report from Goldman Sachs.

Goldman Sachs analyst Manish Adukia has reiterated a Buy rating on MakeMyTrip and set an ambitious price target of $123.00. This vote of confidence from a major Wall Street firm appears to be driving investor enthusiasm, pushing the stock higher.

Analyst ratings and price targets often have a substantial impact on stock prices, particularly when they come from influential institutions like Goldman Sachs. A Buy rating suggests that the analyst believes the stock will outperform the market or its sector in the coming period. The $123 price target indicates a significant upside potential from the stock's current trading levels, which is likely contributing to the positive investor sentiment and the day's price surge.