Chipotle Mexican Grill, Inc. (CMG)
NYSE: CMG · IEX Real-Time Price · USD
62.65
+0.24 (0.38%)
At close: Jun 28, 2024, 4:02 PM
62.85
+0.20 (0.32%)
After-hours: Jun 28, 2024, 7:59 PM EDT
Chipotle Mexican Grill Stock Forecast
Stock Price Forecast
The 29 analysts with 12-month price forecasts for CMG stock have an average target of 64.38, with a low estimate of 41.4 and a high estimate of 77.76. The average target predicts an increase of 2.76% from the current stock price of 62.65.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for CMG stock from 29 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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 8 | 8 | 10 | 10 | 11 |
| Buy | 9 | 9 | 10 | 9 | 9 | 9 |
| Hold | 9 | 9 | 9 | 10 | 10 | 9 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 26 | 26 | 27 | 29 | 29 | 29 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Baird | Baird | Buy Maintains $70 → $74 | Buy | Maintains | $70 → $74 | +18.12% | Jun 28, 2024 |
| Raymond James | Raymond James | Buy Reiterates $67 → $70 | Buy | Reiterates | $67 → $70 | +11.73% | Jun 28, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $3,600 → $72 | Strong Buy | Maintains | $3,600 → $72 | +14.92% | Jun 26, 2024 |
| Wedbush | Wedbush | Hold Reiterates $64 | Hold | Reiterates | $64 | +2.15% | Jun 21, 2024 |
| Baird | Baird | Buy Maintains $70 | Buy | Maintains | $70 | +11.73% | Jun 21, 2024 |
Financial Forecast
Revenue This Year
11.48B
from 9.87B
Increased by 16.27%
Revenue Next Year
13.05B
from 11.48B
Increased by 13.73%
EPS This Year
56.29
from 0.89
Increased by 6,245.76%
EPS Next Year
67.74
from 56.29
Increased by 20.35%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.1B | 14.2B | 16.3B | 18.6B | 21.0B |
| Avg | 11.5B | 13.1B | 14.9B | 17.1B | 19.3B |
| Low | 11.0B | 12.3B | 14.0B | 16.1B | 18.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 22.5% | 23.7% | 24.6% | 24.5% | 23.0% |
| Avg | 16.3% | 13.7% | 14.1% | 14.6% | 12.8% |
| Low | 11.7% | 6.8% | 7.4% | 8.3% | 6.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 60.98 | 75.64 | 89.55 | 104.04 | 123.80 |
| Avg | 56.29 | 67.74 | 81.02 | 98.05 | 115.18 |
| Low | 52.72 | 61.00 | 70.56 | 93.59 | 109.47 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6,775.3% | 34.4% | 32.2% | 28.4% | 26.3% |
| Avg | 6,245.8% | 20.4% | 19.6% | 21.0% | 17.5% |
| Low | 5,844.1% | 8.4% | 4.2% | 15.5% | 11.6% |
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.