Chipotle Mexican Grill, Inc. (CMG)
NYSE: CMG · Real-Time Price · USD
62.01
+2.03 (3.38%)
At close: Nov 22, 2024, 4:00 PM
62.04
+0.03 (0.05%)
After-hours: Nov 22, 2024, 7:38 PM EST
Chipotle Mexican Grill Stock Forecast
Stock Price Forecast
The 30 analysts with 12-month price forecasts for CMG stock have an average target of 64.62, with a low estimate of 48.5 and a high estimate of 77.76. The average target predicts an increase of 4.21% from the current stock price of 62.01.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for CMG stock from 30 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 11 | 10 | 10 | 10 | 10 | 10 |
| Buy | 9 | 9 | 10 | 10 | 10 | 11 |
| Hold | 9 | 11 | 10 | 10 | 9 | 9 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 29 | 30 | 30 | 30 | 29 | 30 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Initiates $70 | Buy | Initiates | $70 | +12.89% | Nov 15, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $70 | Buy | Reiterates | $70 | +12.89% | Nov 15, 2024 |
| Stephens & Co. | Stephens & Co. | Hold Reiterates $65 | Hold | Reiterates | $65 | +4.82% | Nov 12, 2024 |
| Wedbush | Wedbush | Buy Reiterates $69 | Buy | Reiterates | $69 | +11.27% | Oct 30, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $65 → $68 | Strong Buy | Maintains | $65 → $68 | +9.66% | Oct 30, 2024 |
Financial Forecast
Revenue This Year
11.43B
from 9.87B
Increased by 15.81%
Revenue Next Year
12.95B
from 11.43B
Increased by 13.25%
EPS This Year
1.13
from 0.89
Increased by 26.91%
EPS Next Year
1.33
from 1.13
Increased by 17.75%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.9B | 13.9B | 16.1B | ||
| Avg | 11.4B | 12.9B | 14.7B | ||
| Low | 11.1B | 12.3B | 13.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.9% | 21.7% | 24.6% | ||
| Avg | 15.8% | 13.3% | 13.6% | ||
| Low | 12.1% | 7.4% | 6.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.20 | 1.43 | 1.74 | ||
| Avg | 1.13 | 1.33 | 1.58 | ||
| Low | 1.07 | 1.22 | 1.42 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 35.0% | 26.9% | 31.3% | ||
| Avg | 26.9% | 17.8% | 19.4% | ||
| Low | 20.5% | 8.0% | 7.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.