Chipotle Mexican Grill (CMG) Stock Forecast & Price Target

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$2,936.63

-20.97 (-0.71%)

(As of 04/15/2024 ET)

Chipotle Mexican Grill Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 26 Analyst Ratings

Analysts' Consensus Price Target

$2,720.59
-7.36% Downside

High Forecast	$3,400.00
Average Forecast	$2,720.59
Low Forecast	$1,750.00

Type	Current Forecast 4/17/23 to 4/16/24	1 Month Ago 3/18/23 to 3/17/24	3 Months Ago 1/17/23 to 1/17/24	1 Year Ago 4/17/22 to 4/17/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	17 Buy rating(s)	16 Buy rating(s)	18 Buy rating(s)	22 Buy rating(s)
Hold	9 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$2,720.59	$2,469.88	$2,268.59	$1,868.76
Predicted Upside	-7.36% Downside	5.71% Upside	12.78% Upside	13.97% Upside

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CMG Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CMG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Chipotle Mexican Grill Stock vs. The Competition

Type	Chipotle Mexican Grill	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.65	2.41	2.49
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	-7.36% Downside	60.83% Upside	11.19% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
4/12/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$2,500.00 ➝ $2,986.00	+0.96%
4/12/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Equal Weight	$3,010.00	+0.65%
4/11/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$2,900.00 ➝ $3,400.00	+13.41%
4/11/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$2,700.00 ➝ $3,270.00	+10.24%
4/10/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$2,900.00	-1.36%
4/9/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$2,750.00 ➝ $3,250.00	+10.66%
Get the Latest News and Ratings for CMG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Chipotle Mexican Grill and its competitors with MarketBeat's FREE daily newsletter.
4/8/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$3,016.00 ➝ $3,358.00	+14.33%
4/4/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$3,265.00 ➝ $3,366.00	+16.18%
3/28/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$2,750.00 ➝ $3,250.00	+11.17%
3/26/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$2,800.00 ➝ $3,200.00	+10.16%
3/22/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Setyan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$2,400.00 ➝ $2,850.00	-1.96%
3/20/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$3,100.00 ➝ $3,300.00	+11.31%
2/7/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$2,700.00 ➝ $2,920.00	+9.57%
2/7/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$2,246.00 ➝ $2,400.00	-10.44%
2/7/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$2,100.00 ➝ $2,400.00	-10.98%
2/7/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$2,600.00 ➝ $2,800.00	+9.34%
1/25/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$2,450.00 ➝ $2,550.00	+9.22%
1/22/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$2,650.00	+13.44%
1/16/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$1,930.00 ➝ $2,226.00	-2.59%
1/5/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$2,225.00 ➝ $2,525.00	+13.59%
12/1/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$2,185.00 ➝ $2,425.00	+9.66%
7/21/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$2,200.00 ➝ $2,570.00	+22.72%
7/14/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$1,550.00 ➝ $1,950.00	-5.71%
4/26/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/26/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$1,600.00 ➝ $1,750.00	-11.30%
4/26/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$2,000.00 ➝ $2,100.00	+17.98%
4/26/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$1,700.00 ➝ $1,850.00	+3.93%
4/26/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$2,050.00 ➝ $2,200.00	+23.60%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:22 AM ET.

CMG Price Target - Frequently Asked Questions

What is Chipotle Mexican Grill's consensus rating and price target?: According to the issued ratings of 26 analysts in the last year, the consensus rating for Chipotle Mexican Grill stock is Moderate Buy based on the current 9 hold ratings and 17 buy ratings for CMG. The average twelve-month price prediction for Chipotle Mexican Grill is $2,720.59 with a high price target of $3,400.00 and a low price target of $1,750.00. Learn more on CMG's analyst rating history.
Do Wall Street analysts like Chipotle Mexican Grill more than its competitors?: Analysts like Chipotle Mexican Grill more than other Retail/Wholesale companies. The consensus rating for Chipotle Mexican Grill is Moderate Buy while the average consensus rating for retail/wholesale companies is Hold. Learn more on how CMG compares to other companies.
Does Chipotle Mexican Grill's stock price have much upside?: According to analysts, Chipotle Mexican Grill's stock has a predicted upside of 6.18% based on their 12-month stock forecasts.

What analysts cover Chipotle Mexican Grill?: Chipotle Mexican Grill has been rated by Argus, Barclays, BMO Capital Markets, BTIG Research, Citigroup, Deutsche Bank Aktiengesellschaft, KeyCorp, Morgan Stanley, Raymond James, Robert W. Baird, Sanford C. Bernstein, Stephens, Stifel Nicolaus, TD Cowen, Truist Financial, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.

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This page (NYSE:CMG) was last updated on 4/16/2024 by MarketBeat.com Staff

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Chipotle Mexican Grill (CMG) Stock Forecast & Price Target

Chipotle Mexican Grill Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

CMG Analyst Ratings By Month

CMG Price Targets by Month

Chipotle Mexican Grill Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

CMG Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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