Chipotle Mexican Grill (CMG) Stock Forecast & Price Target

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$3,427.82

+62.36 (+1.85%)

(As of 06/18/2024 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

Moderate Buy
Based on 27 Analyst Ratings

Consensus Price Target

$3,201.19
-6.61% Downside

High Forecast	$3,888.00
Average Forecast	$3,201.19
Low Forecast	$1,950.00

Type	Current Forecast 6/20/23 to 6/19/24	1 Month Ago 5/21/23 to 5/20/24	3 Months Ago 3/22/23 to 3/21/24	1 Year Ago 6/20/22 to 6/20/23
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	18 Buy rating(s)	17 Buy rating(s)	16 Buy rating(s)	21 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	8 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$3,201.19	$3,137.12	$2,505.46	$2,047.30
Forecasted Upside	-6.61% Downside	7.30% Upside	5.21% Upside	13.61% 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.

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	2.67	2.43	2.50
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	-6.61% Downside	46.35% Upside	11.31% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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
6/18/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$3,668.00 ➝ $3,888.00	+14.68%
6/17/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Setyan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$3,200.00 ➝ $3,200.00	-3.79%
6/13/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$3,500.00 ➝ $3,600.00	+11.43%
6/13/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$3,730.00	+17.63%
6/3/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$2,750.00 ➝ $3,000.00	-2.76%
5/29/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$3,440.00 ➝ $3,520.00	+11.73%
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.
5/22/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$3,300.00 ➝ $3,485.00	+9.96%
4/25/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$3,358.00 ➝ $3,369.00	+8.12%
4/25/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$2,400.00 ➝ $2,865.00	-8.66%
4/25/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$3,250.00 ➝ $3,350.00	+8.14%
4/25/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$2,400.00 ➝ $2,850.00	-8.00%
4/25/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$3,250.00 ➝ $3,400.00	+9.75%
4/25/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$3,400.00 ➝ $3,600.00	+16.21%
4/25/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$2,986.00 ➝ $3,100.00	+0.07%
4/25/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$3,300.00 ➝ $3,340.00	+9.41%
4/25/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$3,400.00 ➝ $3,500.00	+15.72%
4/25/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$3,285.00 ➝ $3,300.00	+8.82%
4/25/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$3,200.00 ➝ $3,600.00	+18.71%
4/25/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$2,442.00 ➝ $3,070.00	+5.02%
4/25/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$3,010.00 ➝ $3,050.00	+4.33%
4/25/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$3,250.00 ➝ $3,500.00	+19.73%
4/16/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$2,350.00 ➝ $2,700.00	-7.75%
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%
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%
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	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%
2/8/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$1,950.00 ➝ $2,050.00	+18.99%
9/21/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$1,850.00 ➝ $1,950.00	+14.73%
6/27/2022	OTR Global Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Mixed ➝ Positive

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:04 AM ET.

CMG Forecast - Frequently Asked Questions

What is Chipotle Mexican Grill's stock forecast and purchase recommendation?: According to the research reports of 27 Wall Street equities research analysts, the average twelve-month stock price forecast for Chipotle Mexican Grill is $3,201.19, with a high forecast of $3,888.00 and a low forecast of $1,950.00. The consensus rating for Chipotle Mexican Grill stock is Moderate Buy based on the current 9 hold ratings and 18 buy ratings for CMG. 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 7.57% based on their 12-month stock forecasts.