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Chipotle Mexican Grill (CMG) Stock Forecast & Price Target

$51.88
+0.10 (+0.19%)
(As of 09:04 AM ET)

Chipotle Mexican Grill - Analysts' Recommendations 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.

Consensus Rating

Based on 26 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 26 analysts, 9 have given a hold rating, and 17 have given a buy rating for CMG.

Consensus Price Target

$64.77
24.84% Upside
High Forecast$77.76
Average Forecast$64.77
Low Forecast$48.50

According to the 26 analysts' twelve-month price targets for Chipotle Mexican Grill, the average price target is $64.77. The highest price target for CMG is $77.76, while the lowest price target for CMG is $48.50. The average price target represents a forecasted upside of 24.84% from the current price of $51.88.

TypeCurrent Forecast
7/26/23 to 7/25/24
1 Month Ago
6/26/23 to 6/25/24
3 Months Ago
4/27/23 to 4/26/24
1 Year Ago
7/26/22 to 7/26/23
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)
18 Buy rating(s)
18 Buy rating(s)
20 Buy rating(s)
Hold
9 Hold rating(s)
9 Hold rating(s)
10 Hold rating(s)
7 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$64.77$64.02$61.15$43.13
Forecasted Upside24.84% Upside7.18% Upside7.98% Upside12.44% Upside
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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.
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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.
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Chipotle Mexican Grill Stock vs. The Competition

TypeChipotle Mexican GrillRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.65
2.46
2.51
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside24.58% Upside60.61% Upside10.67% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/25/2024Barclays
2 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$58.00 ➝ $55.00+6.20%
7/25/2024Wedbush
3 of 5 stars
 Lower TargetNeutral ➝ Neutral$64.00 ➝ $54.00+4.27%
7/25/2024Stephens
4 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$64.00 ➝ $61.00+17.78%
7/25/2024TD Cowen
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 Lower TargetBuy ➝ Buy$72.00 ➝ $65.00+25.51%
7/25/2024Piper Sandler
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 Lower TargetNeutral ➝ Neutral$61.00 ➝ $56.00+8.13%
7/24/2024Guggenheim
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 Boost TargetNeutral ➝ Neutral$54.50 ➝ $55.00+4.66%
7/16/2024Evercore ISI
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 Lower TargetOutperform ➝ Outperform$3,600.00 ➝ $72.00+25.09%
7/12/2024Citigroup
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 Boost TargetBuy ➝ Buy$67.38 ➝ $71.00+23.26%
7/9/2024KeyCorp
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 Lower TargetOverweight ➝ Overweight$3,400.00 ➝ $68.00+17.83%
7/9/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$3,270.00 ➝ $70.00+21.30%
6/28/2024Raymond James
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 Reiterated RatingOutperform ➝ Outperform$67.00 ➝ $70.00+12.47%
6/27/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$70.00 ➝ $74.00+12.38%
6/18/2024Argus
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 Boost TargetBuy ➝ Buy$73.36 ➝ $77.76+14.68%
6/13/2024The Goldman Sachs Group
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C. Cho
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Initiated CoverageBuy$74.60+17.63%
6/3/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$55.00 ➝ $60.00-2.76%
5/29/2024Truist Financial
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 Boost TargetBuy ➝ Buy$68.80 ➝ $70.40+11.73%
5/22/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$66.00 ➝ $69.70+9.96%
4/25/2024BTIG Research
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 Boost TargetBuy ➝ Buy$65.00 ➝ $67.00+8.14%
4/25/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$48.00 ➝ $57.00-8.00%
4/25/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy ➝ Buy$68.00 ➝ $72.00+16.21%
4/25/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$59.72 ➝ $62.00+0.07%
4/25/2024UBS Group
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 Boost TargetBuy ➝ Buy$68.00 ➝ $70.00+15.72%
4/25/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$65.70 ➝ $66.00+8.82%
4/16/2024Jefferies Financial Group
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 Boost TargetHold ➝ Hold$47.00 ➝ $54.00-7.75%
3/26/2024Sanford C. Bernstein
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 Boost TargetOutperform ➝ Outperform$56.00 ➝ $64.00+10.16%
12/1/2023Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$43.70 ➝ $48.50+9.66%
7/21/2023Bank of America
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 Boost TargetBuy$44.00 ➝ $51.40+22.72%
4/26/2023888
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 Reiterated RatingMaintains
4/26/2023Loop Capital
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 Boost TargetHold$34.00 ➝ $37.00+3.93%
4/26/2023Credit Suisse Group
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 Boost TargetOutperform$41.00 ➝ $44.00+23.60%
2/8/2023Cowen
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 Boost TargetOutperform$39.00 ➝ $41.00+18.99%
9/21/2022Cowen
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 Boost TargetOutperform$37.00 ➝ $39.00+14.73%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:30 AM ET.

CMG Forecast - Frequently Asked Questions

What is Chipotle Mexican Grill's forecast for 2024?

According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for Chipotle Mexican Grill is $64.77, with a high forecast of $77.76 and a low forecast of $48.50.

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

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chipotle Mexican Grill in the last year. There are currently 9 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CMG shares.

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

According to analysts, Chipotle Mexican Grill's stock has a predicted upside of 10.84% based on their 12-month stock forecasts.

What analysts cover Chipotle Mexican Grill?
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.


This page (NYSE:CMG) was last updated on 7/25/2024 by MarketBeat.com Staff

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