Chipotle Mexican Grill (CMG) Stock Forecast & Price Target

$34.80 -2.67 (-7.11%)

As of 01:21 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
1

Hold
8

Buy
24

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, 1 has given a sell rating, 8 have given a hold rating, and 24 have given a buy rating for CMG.

Consensus Price Target

$44.16
26.92% Upside

According to the 33 analysts' twelve-month price targets for Chipotle Mexican Grill, the average price target is $44.16. The highest price target for CMG is $55.00, while the lowest price target for CMG is $35.00. The average price target represents a forecasted upside of 26.92% from the current price of $34.80.

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 8/4/25 to 8/4/26	1 Month Ago 7/5/25 to 7/5/26	3 Months Ago 5/6/25 to 5/6/26	1 Year Ago 8/4/24 to 8/4/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	24 Buy rating(s)	23 Buy rating(s)	24 Buy rating(s)	19 Buy rating(s)
Hold	8 Hold rating(s)	11 Hold rating(s)	11 Hold rating(s)	9 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$44.16	$45.10	$46.03	$60.71
Forecasted Upside	26.92% Upside	27.52% Upside	40.62% Upside	41.69% 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	2.21	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	17.85% Upside	134.05% Upside	11.76% Upside
News Sentiment Rating	Positive News See Recent CMG News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/4/2026	Argus 3 of 5 stars	John Staszak 3 of 5 stars	Boost Target	Buy	$40.00 ➝ $45.00	+20.98%
7/31/2026	UBS Group 4 of 5 stars		Reiterated Rating	Buy
7/31/2026	Sanford C. Bernstein 3 of 5 stars		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%
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%
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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%
7/30/2026	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	+31.12%
7/24/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Hold (C-) ➝ Sell (D+)
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%
7/13/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Nick Setyan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$40.00 ➝ $41.00	+16.08%
6/5/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John Ivankoe Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Overweight	$38.00 ➝ $35.00	+24.76%
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%
10/10/2025	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	David Tarantino Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Outperform	$59.00 ➝ $49.00	+20.17%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 01:15 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, July 27, 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.:

The current stock price is around $44, reflecting a potential for growth as analysts have a consensus price target of approximately $43.86.
Chipotle Mexican Grill, Inc. reported a revenue increase of 7.4% year-over-year, indicating strong demand and effective business strategies.
The company has a high return on equity of 49.64%, suggesting efficient management and profitability, which can attract investors looking for solid returns.
With a net margin of 11.96%, Chipotle demonstrates effective cost management and profitability, making it an appealing option for investors seeking stable earnings.
Analysts have rated the stock as a "Moderate Buy," with a significant number of buy ratings, indicating positive sentiment in the market.

Chipotle Mexican Grill
Bear Case

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

The price-to-earnings ratio of 29.61 may suggest that the stock is overvalued compared to its earnings, which could deter value-focused investors.
Chipotle's PEG ratio of 2.18 indicates that the stock may be expensive relative to its growth rate, which could be a concern for growth investors.
Recent earnings per share (EPS) of $0.24 matched expectations but showed a decline from $0.29 in the previous year, raising questions about future growth potential.
Market volatility, as indicated by a beta of 0.97, suggests that the stock may be sensitive to market fluctuations, which could pose risks for investors.
Analysts have varied opinions on price targets, with some lowering their expectations, which may create uncertainty about the stock's future performance.

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 $44.16, with a high forecast of $55.00 and a low forecast of $35.00.

33 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chipotle Mexican Grill in the last twelve months. There is currently 1 sell rating, 8 hold ratings and 24 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 26.92% based on their 12-month stock forecasts.

Over the previous 90 days, Chipotle Mexican Grill's stock had 2 upgrades and 2 downgrades by analysts.

Chipotle Mexican Grill has been rated by research analysts at Argus, BTIG Research, Citigroup, DA Davidson, Evercore, Guggenheim, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Piper Sandler, Raymond James Financial, 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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This page (NYSE:CMG) was last updated on 8/4/2026 by MarketBeat.com Staff.

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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

Top-Rated Stocks

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?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Chipotle Mexican Grill Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Chipotle Mexican Grill
Bull Case

Chipotle Mexican Grill
Bear Case