Investment firm Truist has adjusted its price target for Chipotle (CMG, Financial), reducing it from $71 to $64, while maintaining a Buy rating on the stock. The decision comes in light of insights from Truist Card Data, which suggest that Chipotle's performance may fall short in the first quarter of 2025, particularly within the limited-service restaurant segment.
The analyst notes that challenging macroeconomic conditions are contributing to this cautious outlook as the company approaches its earnings report. Despite these challenges, there is optimism due to consumer engagement with Chipotle's recent innovations and promotional activities, which could help mitigate some of the broader economic pressures impacting the restaurant industry.
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 $63.00 with a high estimate of $73.00 and a low estimate of $46.12. The average target implies an upside of 35.40% from the current price of $46.53. 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 $60.66, suggesting a upside of 30.37% from the current price of $46.53. 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.
