Chipotle Mexican Grill, Inc. (CMG)

Chipotle Mexican Grill Stock Forecast

Stock Price Forecast

The 28 analysts that cover Chipotle Mexican Grill stock have a consensus rating of "Buy" and an average price target of $48.71, which forecasts a 43.52% increase in the stock price over the next year. The lowest target is $34 and the highest is $69.

Price Target: $48.71 (+43.52%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$34	$48.71	$45	$69
Change	+0.18%	+43.52%	+32.59%	+103.30%

* Price targets were last updated on Oct 30, 2025.

Analyst Ratings

The average analyst rating for Chipotle Mexican Grill stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	8	6	9	10	10	10
Buy	12	13	13	12	12	12
Hold	7	6	5	6	6	6
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	27	25	27	28	28	28

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jim Salera Stephens & Co.	Stephens & Co.	Hold Maintains $48 → $35	Hold	Maintains	$48 → $35	+3.12%	Oct 30, 2025
John Ivankoe JP Morgan	JP Morgan	Hold Maintains $44 → $40	Hold	Maintains	$44 → $40	+17.86%	Oct 30, 2025
Brian Harbour Morgan Stanley	Morgan Stanley	Buy Maintains $59 → $50	Buy	Maintains	$59 → $50	+47.32%	Oct 30, 2025
Danilo Gargiulo Bernstein	Bernstein	Buy Maintains $60 → $40	Buy	Maintains	$60 → $40	+17.86%	Oct 30, 2025
David Palmer Evercore ISI Group	Evercore ISI Group	Buy Maintains $53 → $45	Buy	Maintains	$53 → $45	+32.59%	Oct 30, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

12.03B

Increased by 6.29%

from 11.31B

Revenue Next Year

13.20B

Increased by 9.78%

from 12.03B

EPS This Year

1.17

Increased by 5.43%

from 1.11

EPS Next Year

1.23

Increased by 4.95%

from 1.17

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	5.98B	7.55B	8.63B	9.87B	11.31B	12.03B	13.20B
Revenue Growth	7.13%	26.11%	14.41%	14.33%	14.61%	6.29%	9.78%
EPS	0.25	0.46	0.64	0.89	1.11	1.17	1.23
EPS Growth	1.13%	82.91%	39.74%	39.06%	24.72%	5.43%	4.95%
Forward PE	-	-	-	-	-	29.00	27.63
No. Analysts	-	-	-	-	-	38	38

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029	2030
High	12.6B	14.0B
Avg	12.0B	13.2B
Low	11.6B	12.7B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029	2030
High	11.4%	16.5%
Avg	6.3%	9.8%
Low	2.7%	5.3%

EPS Forecast

EPS	2025	2026	2027	2028	2029	2030
High	1.26	1.39
Avg	1.17	1.23
Low	1.12	1.11

EPS Growth

EPS Growth	2025	2026	2027	2028	2029	2030
High	13.5%	18.4%
Avg	5.4%	5.0%
Low	0.6%	-5.4%

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.