Chipotle Mexican Grill (CMG) has received a price target boost from Citigroup, with a new target of $68.00, up 4.62% from the previous target of $65.00. Analyst Jon Tower maintained a "Buy" rating for CMG. The average one-year price target for CMG is $59.06, with a high estimate of $73.00 and a low estimate of $45.94. The average target implies an upside of 4.70% from the current price of $56.41.
Chipotle Mexican Grill (CMG) has seen its price target elevated by Citigroup to $68.00, a 4.62% increase from the previous target of $65.00. The brokerage maintained a "Buy" rating for the company [1]. This new target suggests a potential upside of 20.55% from the stock's previous close.
The latest price target reflects Citigroup's bullish outlook on Chipotle's prospects, particularly its ability to maintain strong revenue growth and operational efficiency. The company's recent earnings report, which showed earnings per share (EPS) of $0.29, beating the consensus estimate of $0.28, has bolstered investor confidence [1].
Analysts from various firms have weighed in on CMG, with mixed sentiments. Evercore ISI, Wells Fargo, UBS Group, Royal Bank of Canada, and KeyCorp have all reduced their price targets, while others like Citigroup and Deutsche Bank have increased theirs [1]. The consensus rating among analysts is "Moderate Buy," with a consensus price target of $61.25 [1].
CMG's stock has been trading at $56.41, with a 12-month low of $44.46 and a 12-month high of $66.74. The company's market capitalization stands at $76.00 billion, with a P/E ratio of 49.92 and a PEG ratio of 2.75. Institutional investors and hedge funds own 91.31% of the stock [1].
As CMG continues to expand its operations and innovate its menu, investors should closely monitor the company's financial performance and analyst recommendations to gauge its future potential.
References:
[1] https://www.marketbeat.com/instant-alerts/chipotle-mexican-grill-nysecmg-price-target-raised-to-6800-at-citigroup-2025-07-10/
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