Chipotle Mexican Grill (CMG) Stock Forecast & Price Target

$32.74 +0.43 (+1.32%)

Closing price 03:59 PM Eastern

Extended Trading

$32.83 +0.09 (+0.29%)

As of 07:58 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 35 Analyst Ratings

Sell
0

Hold
11

Buy
24

Based on 35 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 35 analysts, 11 have given a hold rating, and 24 have given a buy rating for CMG.

Consensus Price Target

$46.03
40.62% Upside

According to the 35 analysts' twelve-month price targets for Chipotle Mexican Grill, the average price target is $46.03. The highest price target for CMG is $65.00, while the lowest price target for CMG is $35.00. The average price target represents a forecasted upside of 40.62% from the current price of $32.74.

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 5/6/25 to 5/6/26	1 Month Ago 4/6/25 to 4/6/26	3 Months Ago 2/5/25 to 2/5/26	1 Year Ago 5/6/24 to 5/6/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	24 Buy rating(s)	24 Buy rating(s)	23 Buy rating(s)	19 Buy rating(s)
Hold	11 Hold rating(s)	11 Hold rating(s)	12 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$46.03	$47.13	$48.61	$61.74
Forecasted Upside	40.62% Upside	40.67% Upside	26.51% Upside	22.28% 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	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.69	2.15	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	40.62% Upside	85.83% Upside	14.01% 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
5/5/2026	Argus 3 of 5 stars	John Staszak 2 of 5 stars	Upgrade	Hold ➝ Buy	$40.00	+25.21%
5/1/2026	Guggenheim 5 of 5 stars	Gregory Francfort 2 of 5 stars	Lower Target	Neutral	$36.00 ➝ $35.00	+4.75%
4/30/2026	Citigroup 4 of 5 stars	Jon Tower 2 of 5 stars	Boost Target	Buy	$44.00 ➝ $46.00	+36.19%
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	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	$44.00 ➝ $42.00	+23.38%
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%
4/30/2026	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	Boost Target	Equal Weight	$38.00 ➝ $39.00	+18.70%
4/30/2026	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	+36.96%
4/30/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andrew M. Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$44.00	+33.92%
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.
4/21/2026	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	Lower Target	Outperform	$43.00 ➝ $41.00	+14.61%
4/17/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong Sell ➝ Hold
3/20/2026	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	Upgrade	Neutral ➝ Outperform	$37.00 ➝ $40.00	+21.34%
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
3/6/2026	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	Initiated Coverage	Buy	$51.00	+37.69%
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	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	Lower Target	Overweight	$50.00 ➝ $49.00	+23.57%
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%
1/26/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Dennis Geiger Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy
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%
1/5/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Danilo Gargiulo Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$40.00 ➝ $50.00	+33.27%
12/29/2025	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Hold (C-)
12/19/2025	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	David Palmer Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$45.00	+19.50%
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
10/30/2025	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	Lower Target	Neutral	$44.00 ➝ $40.00	+22.66%
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 Wednesday at 10:34 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 Sunday, May 3, 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 $34, which presents a potential upside of over 23% based on recent analyst price targets.
Several firms have recently reaffirmed buy ratings or raised their price targets, indicating positive sentiment and potential for growth.
Chipotle has reported a surprise sales beat, suggesting strong customer demand and effective marketing strategies, particularly with new high-protein menu items.
The company is focusing on new-unit growth, which could enhance revenue streams and market presence in the fast-casual dining sector.
Analysts have noted a rebound in comparable store sales, which is a key indicator of a restaurant's performance and customer retention.

Chipotle Mexican Grill
Bear Case

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

Recent price-target cuts from some analysts, including a reduction to $35, raise concerns about the company's profitability amid rising operational costs.
There has been a spike in put options trading, indicating increased bearish sentiment and potential hedging against stock declines.
Analysts have expressed worries about margin pressure due to higher labor and operating costs, which could impact profit margins even as sales recover.
The restaurant sector is experiencing a choppy market environment, which may limit growth opportunities and investor confidence.
Mixed reactions from analysts following earnings reports suggest uncertainty in the stock's direction, which could lead to volatility.

CMG Forecast - Frequently Asked Questions

: According to the research reports of 35 Wall Street equities research analysts, the average twelve-month stock price forecast for Chipotle Mexican Grill is $46.03, with a high forecast of $65.00 and a low forecast of $35.00.
: 35 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chipotle Mexican Grill in the last twelve months. There are currently 11 hold ratings and 24 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CMG shares.
: According to analysts, Chipotle Mexican Grill's stock has a predicted upside of 40.62% based on their 12-month stock forecasts.
: Over the previous 90 days, Chipotle Mexican Grill's stock had 3 upgrades and 1 downgrade by analysts.
: Chipotle Mexican Grill has been rated by research analysts at Argus, Barclays, BNP Paribas Exane, BTIG Research, Citigroup, DA Davidson, Guggenheim, Mizuho, Piper Sandler, Raymond James Financial, Royal Bank Of Canada, Stephens, Stifel Nicolaus, TD Cowen, and Zacks Research in the past 90 days.
: 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.

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This page (NYSE:CMG) was last updated on 5/6/2026 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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Stock Ideas and 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

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