Chipotle Mexican Grill (CMG) price target — analyst by analyst

Chipotle Mexican Grill · Consumer Discretionary · ref. ETF XLY · price $37.22
Logo Chipotle Mexican GrillSee the full Chipotle Mexican Grill (CMG) profile
By Rédaction JPI Invest · updated
In short — 15 price targets published on Chipotle Mexican Grill over 90 days: 10 bullish, 0 bearish (67% positive), median target $41. The highest-ranked firm to weigh in is BTIG (rank 8, 64.1% hit rate). For each call below we show the firm's real track record — not just its opinion.

The last 15 analyst calls on CMG

Newest first. The "verdict" is our read on the firm, based on its past calls replayed against actual prices.

Neutral
Baird · Neutral · target $40 (+5% vs price that day)
Our verdict — Baird ranks #53 of 64 in our leaderboard: 52.6% hit rate on Chipotle Mexican Grill (19 scored calls on this stock), 17.1% average gain per call, +2 pts vs its sector.
Bullish
BTIG · Buy · target $45 (+30% vs price that day)
Our verdict — BTIG ranks #8 of 64 in our leaderboard: 66.7% hit rate on Chipotle Mexican Grill (12 scored calls on this stock), 23.4% average gain per call, +12 pts vs its sector.
Bullish
Argus Research · Buy · target $45 (+30% vs price that day)
Our verdict — Argus Research ranks #48 of 64 in our leaderboard: 50% hit rate on Chipotle Mexican Grill (8 scored calls on this stock), 13.6% average gain per call, +3 pts vs its sector.
Neutral
Guggenheim · Neutral · target $36 (-4% vs price that day)
Our verdict — Guggenheim ranks #40 of 64 in our leaderboard: 65.7% hit rate across all stocks, 14.3% average gain per call, +4 pts vs its sector.
Bullish
Piper Sandler · Overweight · target $39 (+5% vs price that day)
Our verdict — Piper Sandler ranks #26 of 64 in our leaderboard: 53.8% hit rate on Chipotle Mexican Grill (13 scored calls on this stock), 19.9% average gain per call, +5 pts vs its sector.
Bullish
DA Davidson · Buy · target $50 (+34% vs price that day)
Our verdict — DA Davidson ranks #33 of 64 in our leaderboard: 66.2% hit rate across all stocks, 17.4% average gain per call, +5 pts vs its sector.
Bullish
TD Cowen · Buy · target $44 (+18% vs price that day)
Our verdict — TD Cowen ranks #60 of 64 in our leaderboard: 45% hit rate on Chipotle Mexican Grill (20 scored calls on this stock), 14% average gain per call, 0 pts vs its sector.
Bullish
Evercore ISI Group · Outperform · target $47 (+26% vs price that day)
Our verdict — Evercore ISI Group ranks #41 of 64 in our leaderboard: 27.3% hit rate on Chipotle Mexican Grill (11 scored calls on this stock), 15.1% average gain per call, +4 pts vs its sector.
Neutral
Morgan Stanley · Equal-Weight · target $39 (+1% vs price that day)
Our verdict — Morgan Stanley ranks #49 of 64 in our leaderboard: 70% hit rate on Chipotle Mexican Grill (10 scored calls on this stock), 12.2% average gain per call, +3 pts vs its sector.
Bullish
BTIG · Buy · target $45 (+17% vs price that day)
Our verdict — BTIG ranks #8 of 64 in our leaderboard: 66.7% hit rate on Chipotle Mexican Grill (12 scored calls on this stock), 23.4% average gain per call, +12 pts vs its sector.
Neutral
Stephens & Co. · Equal-Weight · target $40 (+4% vs price that day)
Our verdict — Stephens & Co. ranks #38 of 64 in our leaderboard: 82.4% hit rate on Chipotle Mexican Grill (17 scored calls on this stock), 17.2% average gain per call, +4 pts vs its sector.
Bullish
Citigroup · Buy · target $45 (+23% vs price that day)
Our verdict — Citigroup ranks #24 of 64 in our leaderboard: 46.2% hit rate on Chipotle Mexican Grill (26 scored calls on this stock), 20.1% average gain per call, +5 pts vs its sector.
Bullish
Mizuho · Outperform · target $41 (+12% vs price that day)
Our verdict — Mizuho ranks #36 of 64 in our leaderboard: 33.3% hit rate on Chipotle Mexican Grill (3 scored calls on this stock), 18.4% average gain per call, +4 pts vs its sector.
Bullish
JP Morgan · Overweight · target $35 (+19% vs price that day)
Our verdict — JP Morgan ranks #37 of 64 in our leaderboard: 63% hit rate across all stocks, 15.8% average gain per call, +4 pts vs its sector.
Neutral
Morgan Stanley · Equal-Weight · target $37 (+29% vs price that day)
Our verdict — Morgan Stanley ranks #49 of 64 in our leaderboard: 70% hit rate on Chipotle Mexican Grill (10 scored calls on this stock), 12.2% average gain per call, +3 pts vs its sector.

⚠️ Price targets as published by the firms, timestamped at their publication date. The upside shown is vs the price on the day of the call, not today's price. Informational data, not investment advice.

Frequently asked questions

What are analysts saying about CMG right now?

Over the last 90 days, 15 price targets were published on Chipotle Mexican Grill: 10 bullish and 0 bearish (67% positive). The median target is $41. The latest call is from August 24, 2026.

Should you trust these price targets?

Not blindly — that's the point of this page: next to each call we show the firm's real track record — its rank among 64 tracked firms, its hit rate and its average gain per call. An ambitious target from a firm that is wrong 6 times out of 10 is not worth the same as one from a consistent firm.

Which firm covering CMG is the most reliable?

Among the firms that published on Chipotle Mexican Grill in the last 90 days, our highest-ranked is BTIG (rank 8 of 64, 64.1% hit rate, 23.4% average gain per call).

Where does this data come from?

From analyst price targets, timestamped at publication then replayed against the actual price. Firm rankings come from our analyst leaderboard. Updated daily.

💬 A question about Chipotle Mexican Grill? The JPI assistant answers using our backtest data.
Keep exploring Chipotle Mexican Grill
JPI AI Analyst AI assistant · JPI Invest
Answers based on the tool’s data · not financial advice · full version (free)