Chipotle Mexican Grill Stock Forecast

Stock Price Forecast

The 29 analysts with 12-month price forecasts for CMG stock have an average target of 3,037, with a low estimate of 2,070 and a high estimate of 3,600. The average target predicts a decrease of -2.42% from the current stock price of 3,111.97.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$2,070	$3,037	$3,200	$3,600
Change	-33.48%	-2.42%	+2.83%	+15.68%

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	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	8	8	8	8	8	10
Buy	10	9	9	9	10	9
Hold	8	9	9	8	8	10
Sell	0	0	0	1	1	0
Strong Sell	0	0	0	0	0	0
Total	26	26	26	26	27	29

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jeffrey Bernstein Barclays	Barclays	Hold Maintains $2,400 → $2,865	Hold	Maintains	$2,400 → $2,865	-7.94%	Apr 25, 2024
Joel Fishbein Truist Securities	Truist Securities	Strong Buy Maintains $3,250 → $3,440	Strong Buy	Maintains	$3,250 → $3,440	+10.54%	Apr 25, 2024
Brian Harbour Morgan Stanley	Morgan Stanley	Hold Maintains $2,986 → $3,100	Hold	Maintains	$2,986 → $3,100	-0.38%	Apr 25, 2024
Lauren Silberman Deutsche Bank	Deutsche Bank	Strong Buy Maintains $3,400 → $3,600	Strong Buy	Maintains	$3,400 → $3,600	+15.68%	Apr 25, 2024
Eric Gonzalez Keybanc	Keybanc	Buy Maintains $3,250 → $3,400	Buy	Maintains	$3,250 → $3,400	+9.26%	Apr 25, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

11.35B

from 9.87B

14.95%

from 9.87B

Revenue Next Year

12.87B

from 11.35B

13.44%

from 11.35B

EPS This Year

54.08

from 44.34

21.97%

from 44.34

EPS Next Year

65.62

from 54.08

21.33%

from 54.08

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	5.59B	5.98B	7.55B	8.63B	9.87B	11.35B	12.87B	14.69B	16.36B	18.39B
Revenue Growth	14.83%	7.13%	26.11%	14.41%	14.33%	14.95%	13.44%	14.14%	11.35%	12.42%
EPS	12.38	12.52	22.90	32.04	44.34	54.08	65.62	78.74	95.47	113.73
EPS Growth	96.20%	1.13%	82.91%	39.91%	38.39%	21.97%	21.33%	20.00%	21.24%	19.13%
No. Analysts	-	-	-	-	-	33	33	11	3	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	12.2B	14.2B	16.0B	17.9B	20.1B
Avg	11.3B	12.9B	14.7B	16.4B	18.4B
Low	10.8B	12.0B	13.6B	15.1B	16.6B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	23.7%	24.7%	24.3%	21.6%	22.7%
Avg	14.9%	13.4%	14.1%	11.3%	12.4%
Low	9.4%	5.3%	5.9%	2.4%	1.4%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	58.79	74.58	85.23	102.07	122.73
Avg	54.08	65.62	78.74	95.47	113.73
Low	49.67	57.44	70.66	89.99	106.15

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	32.6%	37.9%	29.9%	29.6%	28.6%
Avg	22.0%	21.3%	20.0%	21.2%	19.1%
Low	12.0%	6.2%	7.7%	14.3%	11.2%

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.