Raymond James Maintains Outperform on Chipotle Mexican Grill, Lowers Price Target to $37
Raymond James analyst Brian Vaccaro maintains Chipotle Mexican Grill (NYSE:CMG) with a Outperform and lowers the price target from $42.5 to $37.
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Raymond James analyst Brian Vaccaro maintains Chipotle Mexican Grill (NYSE:CMG) with a Outperform and lowers the price target from $42.5 to $37.
Chipotle stock has fallen 18% in 2026 and is 56% below its June 2024 peak amid consumer pullback in fast-casual dining and margin pressure from labor and food inflation. However, historical Q4 performance suggests potential recovery, with the stock posting double-digit gains in 2020 and 2023. The company is investing in menu enhancements and digital initiatives to drive growth, though analyst forecasts predict slower earnings growth of 8.6% annually through 2028 compared to the prior 21.2% pace.