KeyBanc has revised its price target for Chipotle Mexican Grill (CMG, Financial), reducing it from $64 to $60, while maintaining an Overweight rating on the stock. This adjustment reflects the firm's perspective that although Chipotle's valuation is nearing historically low levels, there are increasing obstacles for the company in the latter part of the year.
Despite these challenges, KeyBanc still sees potential for Chipotle, as it operates near its valuation trough. The firm suggests that while the path to catalysts has become more complex, there remains opportunity for growth.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 31 analysts, the average target price for Chipotle Mexican Grill Inc (CMG, Financial) is $64.10 with a high estimate of $73.00 and a low estimate of $46.12. The average target implies an upside of 29.60% from the current price of $49.46. More detailed estimate data can be found on the Chipotle Mexican Grill Inc (CMG) Forecast page.
Based on the consensus recommendation from 36 brokerage firms, Chipotle Mexican Grill Inc's (CMG, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Chipotle Mexican Grill Inc (CMG, Financial) in one year is $60.86, suggesting a upside of 23.05% from the current price of $49.46. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Chipotle Mexican Grill Inc (CMG) Summary page.
