Chipotle Mexican Grill (CMG) Stock Forecast & Price Target

$32.64 +1.87 (+6.07%)

Closing price 03:59 PM Eastern

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$32.74 +0.10 (+0.32%)

As of 06:53 PM Eastern

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Chipotle Mexican Grill - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 33 Analyst Ratings

Sell
0

Hold
10

Buy
23

Based on 33 Wall Street analysts who have issued ratings for Chipotle Mexican Grill in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 33 analysts, 10 have given a hold rating, and 23 have given a buy rating for CMG.

Consensus Price Target

$43.91
34.54% Upside

According to the 33 analysts' twelve-month price targets for Chipotle Mexican Grill, the average price target is $43.91. The highest price target for CMG is $53.00, while the lowest price target for CMG is $36.00. The average price target represents a forecasted upside of 34.54% from the current price of $32.64.

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.

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CMG Analyst Ratings Over Time

Type	Current Forecast 10/8/25 to 10/8/26	1 Month Ago 9/8/25 to 9/8/26	3 Months Ago 7/10/25 to 7/10/26	1 Year Ago 10/8/24 to 10/8/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	23 Buy rating(s)	23 Buy rating(s)	23 Buy rating(s)	21 Buy rating(s)
Hold	10 Hold rating(s)	10 Hold rating(s)	11 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$43.91	$43.84	$45.10	$59.43
Forecasted Upside	34.54% Upside	18.62% Upside	27.69% Upside	44.95% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

CMG Analyst Recommendations 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	Consumer Discretionary Companies	Broader Market
Consensus Rating Score	2.70	2.19	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	34.54% Upside	253.29% Upside	19.63% Upside
News Sentiment Rating	Positive News See Recent CMG News	Neutral News	Neutral News

Recent Analyst Forecasts and Stock Ratings

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Rating

Upside/Downside

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/29/2026	JPMorgan Chase & Co. 3 of 5 stars	John Ivankoe 2 of 5 stars	Lower Target	Overweight	$40.00 ➝ $37.00	+17.42%
9/1/2026	Bank of America 4 of 5 stars	Sara Senatore 1 of 5 stars	Reiterated Rating	Buy	$50.00 ➝ $53.00	+39.36%
9/1/2026	Mizuho 3 of 5 stars	Nick Setyan Not Rated	Reiterated Rating	Outperform	$43.00	+14.41%
8/24/2026	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Chris O'Cull Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform ➝ Neutral	$44.00 ➝ $40.00	+8.58%
8/7/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Sell (D+) ➝ Hold (C-)
8/5/2026	BTIG Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Peter Saleh Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$45.00	+32.92%
8/4/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John Staszak Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$40.00 ➝ $45.00	+20.98%
7/31/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
7/31/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform
7/31/2026	Guggenheim Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gregory Francfort Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Neutral	$35.00 ➝ $36.00	-6.60%
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7/30/2026	Stephens Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jim Salera Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Positive	$36.00 ➝ $40.00	+16.55%
7/30/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brian Vaccaro Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$42.50	+23.83%
7/30/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform	$47.00	+36.94%
7/30/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brian Mullan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$42.00 ➝ $39.00	+0.53%
7/30/2026	DA Davidson Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Matt Curtis Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$45.00 ➝ $50.00	+30.12%
7/30/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andrew M. Charles Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$44.00	+13.68%
7/30/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brian Harbour Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Equal Weight	$37.00 ➝ $39.00	+13.63%
7/13/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jon Tower Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$46.00 ➝ $45.00	+24.22%
4/30/2026	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Steva McManus Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$37.00 ➝ $39.00	+14.59%
4/30/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Logan Reich Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$45.00	+32.20%
4/30/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jeffrey Bernstein Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Equal Weight	$40.00 ➝ $38.00	+10.65%
4/17/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong Sell ➝ Hold
3/9/2026	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Chris O'Cull Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy
2/4/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Lauren Silberman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$48.00	+19.99%
2/4/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Zachary Fadem Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$50.00 ➝ $45.00	+13.93%
2/4/2026	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Eric Gonzalez Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$45.00 ➝ $42.00	+7.43%
2/4/2026	Telsey Advisory Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Sarang Vora Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Outperform	$50.00 ➝ $48.00	+22.77%
1/8/2026	Gordon Haskett Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
1/8/2026	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jake Bartlett Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$45.00 ➝ $50.00	+26.57%
12/18/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Christine Cho Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy
10/31/2025	Northcoast Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Neutral
10/30/2025	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andrew Strelzik Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform
10/13/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andy Barish Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Hold	$48.00 ➝ $44.00	+7.51%
9/3/2025	Rothschild & Co Redburn Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Chris Luyckx Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$55.00	+31.73%
7/14/2025	Melius Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Hold	$60.00	+7.14%
6/18/2025	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andrew Charles Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$57.00	+10.92%
4/24/2025	Loop Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Alton Stump Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$65.00 ➝ $63.00	+27.27%
2/5/2025	Wedbush Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	N. Setyan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Outperform	$69.00 ➝ $64.00	+8.29%
2/5/2025	Cfra Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Buy ➝ Strong-Buy	$59.00 ➝ $73.00	+23.52%
1/7/2025	Oppenheimer Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	$65.00 ➝ $69.00	+17.43%
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Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:46 PM ET.

Should I Buy Chipotle Mexican Grill Stock? CMG Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, October 5, 2026. Please send any questions or comments about these Chipotle Mexican Grill pros and cons to contact@marketbeat.com.

Chipotle Mexican Grill
Bull Case

Here are some ways that investors could benefit from investing in Chipotle Mexican Grill, Inc.:

Chipotle Mexican Grill, Inc. recently reported strong third-quarter results, beating analyst expectations with an earnings per share of $0.33 against a consensus of $0.32 and generating revenue of $3.35 billion, which exceeded the estimated $3.33 billion. This performance demonstrates the company's ability to maintain profitability and drive top-line growth, with revenue increasing 9.3% year-over-year, signaling robust demand for its Mexican-inspired menu items such as burritos and bowls.
The stock is currently trading at $30.85, which is significantly below the average analyst price target of $43.91. This substantial discount to the consensus target suggests that the market may be undervaluing the company's future potential, offering a potential entry point for investors who believe the stock will revert to its fair value as indicated by the "Moderate Buy" consensus rating from research firms.
Institutional investors are showing renewed confidence in the company, with Park National Corp OH increasing its stake in Chipotle Mexican Grill, Inc. by 442.1% during the third quarter and MassMutual Private Wealth & Trust FSB boosting its holdings by over 7,000%. These significant position increases by major financial institutions often indicate that professional investors are identifying attractive valuation levels or long-term growth opportunities in the stock.
Chipotle Mexican Grill, Inc. is accelerating its menu innovation strategy, ramping up limited-time offers by four times to sustain traffic growth. This aggressive approach to product development, combined with strong attachment rates for new items, helps the company attract new customers and retain existing ones, supporting its competitive position in the fast-casual dining sector.
The company maintains a strong financial profile with a net margin of 11.43% and a return on equity of 54.65% in the most recent quarter. These metrics reflect efficient capital management and operational excellence, allowing Chipotle Mexican Grill, Inc. to generate substantial profits relative to its shareholder base, which is a key driver of long-term value creation.

Chipotle Mexican Grill
Bear Case

Investors should be bearish about investing in Chipotle Mexican Grill, Inc. for these reasons:

Chipotle Mexican Grill, Inc. experienced a sharp 6.3% decline in its stock price on Monday, October 5, 2026, falling to $30.31 from a previous close of $32.36. This significant drop, accompanied by unusually high put option buying that was 106% above the average daily volume, suggests that traders are positioning for further downside risk and that selling pressure is currently outpacing buying interest in the restaurant sector.
The stock is trading near its 52-week low of $28.03, having declined from a high of $42.81. This downward trend indicates that the market is reassessing the company's valuation, with the price-to-earnings ratio of 29.15 still considered a premium compared to broader market averages, raising concerns about whether the current growth rate justifies the multiple.
Short interest in Chipotle Mexican Grill, Inc. has been increasing, with shares shorted rising to 40,240,541 in the most recent reporting period. This represents a month-to-month increase of 1.27% and a days-to-cover ratio of 3.73, indicating that a significant portion of the float is being sold by investors who expect the stock price to fall, which can create additional downward pressure on the share price.
Several major financial institutions have recently lowered their price targets for the stock, including JPMorgan Chase & Co., which cut its target from $40.00 to $37.00, and Piper Sandler, which reduced its objective from $42.00 to $39.00. These downgrades reflect a more cautious outlook on the company's near-term earnings potential and suggest that analysts are becoming less optimistic about the stock's upside potential.
Insider activity shows a trend of selling, with insider Matthew R. Bush selling 2,675 shares at an average price of $35.75 in August 2026. While insider trades are not always indicative of future performance, a decrease in insider holdings can be interpreted as a lack of confidence in the stock's short-term prospects, particularly when combined with broader market skepticism.

CMG Forecast - Frequently Asked Questions

According to the research reports of 33 Wall Street equities research analysts, the average twelve-month stock price forecast for Chipotle Mexican Grill is $43.91, with a high forecast of $53.00 and a low forecast of $36.00.

33 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chipotle Mexican Grill in the last twelve months. There are currently 10 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CMG shares.

According to analysts, Chipotle Mexican Grill's stock has a predicted upside of 34.54% based on their 12-month stock forecasts.

Over the previous 90 days, Chipotle Mexican Grill's stock had 1 upgrade and 1 downgrade by analysts.

Chipotle Mexican Grill has been rated by research analysts at Argus, Bank of America, BTIG Research, Citigroup, DA Davidson, Evercore, Guggenheim, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Piper Sandler, Raymond James Financial, Robert W. Baird, Sanford C. Bernstein, Stephens, TD Cowen, UBS Group, and Weiss Ratings in the past 90 days.

Analysts like Chipotle Mexican Grill more than other "consumer discretionary" companies. The consensus rating for Chipotle Mexican Grill is Moderate Buy while the average consensus rating for "consumer discretionary" companies is Hold. Learn more on how CMG compares to other companies.

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MarketBeat monitors more than a dozen sources for Chipotle Mexican Grill analyst ratings, with the most recent rating issued on 9/29/2026.

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Chipotle Mexican Grill (CMG) Stock Forecast & Price Target

Chipotle Mexican Grill - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

CMG Analyst Ratings Over Time

CMG Analyst Recommendations By Month

CMG Price Targets by Month

Chipotle Mexican Grill Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Chipotle Mexican Grill Stock? CMG Pros and Cons Explained

Chipotle Mexican Grill
Bull Case

Chipotle Mexican Grill
Bear Case

CMG Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

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More Ratings Tools

Brokerages With Chipotle Mexican Grill Recommendations

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Chipotle Mexican Grill (CMG) Stock Forecast & Price Target

Chipotle Mexican Grill - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

CMG Analyst Ratings Over Time

CMG Analyst Recommendations By Month

CMG Price Targets by Month

Chipotle Mexican Grill Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Chipotle Mexican Grill Stock? CMG Pros and Cons Explained

Chipotle Mexican Grill Bull Case

Chipotle Mexican Grill Bear Case

CMG Forecast - Frequently Asked Questions

What is Chipotle Mexican Grill's forecast for 2026?

Should I buy or sell Chipotle Mexican Grill stock right now?

Does Chipotle Mexican Grill's stock price have much upside?

Has Chipotle Mexican Grill been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Chipotle Mexican Grill?

Do Wall Street analysts like Chipotle Mexican Grill more than its competitors?

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Today's Analyst Ratings

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Brokerages With Chipotle Mexican Grill Recommendations

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Chipotle Mexican Grill
Bull Case

Chipotle Mexican Grill
Bear Case