What is the analyst consensus rating for CMG?

The analyst consensus rating for CMG is Buy, based on the latest ratings from 33 analysts over the last 90 days.

What is the average price target for CMG?

The average 12-month price target for CMG is $42.50, representing an upside of 54.4% from the Oct 23, 2026 close of $27.52.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.

Chipotle Mexican Grill, Inc. (CMG) Forecast: Analyst Ratings & Targets

Latest CMG Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Date	Analyst	Firm	Action	Rating	Price Target
Oct 23, 2026	Nick Setyan	Mizuho	Maintains	Buy	$43.00 → $37.00 −6.00 (−13.9%)
Oct 21, 2026	Lauren Silberman	Deutsche Bank	Maintains	Buy	$51.00 → $45.00 −6.00 (−11.8%)
Oct 21, 2026	Andrew Charles	TD Cowen	Downgrades	Hold	$32.00
Oct 21, 2026	Zachary Fadem	Wells Fargo	Reiterates	Buy	$45.00 → $40.00 −5.00 (−11.1%)
Oct 19, 2026	Jeff Farmer	Gordon Haskett Capital Corporation	Maintains	Hold	$42.00 → $36.00 −6.00 (−14.3%)
Oct 19, 2026	Jon Tower	Citi	Maintains	Buy	$45.00 → $43.00 −2.00 (−4.4%)
Oct 19, 2026	Sara Senatore	BofA Securities	Reiterates	Buy	$53.00
Oct 16, 2026	Brian Vaccaro	Raymond James	Reiterates	Buy	$42.50 → $37.00 −5.50 (−12.9%)
Oct 15, 2026	Jim Salera	Stephens	Maintains	Hold	$40.00 → $38.00 −2.00 (−5.0%)
Oct 15, 2026	Brian Harbour	Morgan Stanley	Reiterates	Hold	$40.00 → $39.00 −1.00 (−2.5%)
Oct 14, 2026	Harendra Ray	Zacks Equity Research	Initiates Coverage	Sell	-
Oct 14, 2026	Danilo Gargiulo	Bernstein	Maintains	Buy	$50.00
Oct 13, 2026	Swayta Shah	Zacks Equity Research	Initiates Coverage	Buy	-
Oct 13, 2026	Danilo Gargiulo	Bernstein	Maintains	Buy	$50.00
Oct 2, 2026	Natasha Sharma	Zacks Equity Research	Initiates Coverage	Buy	-
Sep 29, 2026	Logan Reich	RBC Capital	Maintains	Buy	$45.00
Sep 29, 2026	John Ivankoe	JP Morgan	Maintains	Buy	$40.00 → $37.00 −3.00 (−7.5%)
Sep 28, 2026	Harendra Ray	Zacks Equity Research	Initiates Coverage	Hold	-
Sep 22, 2026	Zacks Equity Research	Zacks Equity Research	Initiates Coverage	Hold	-
Sep 16, 2026	Eric Gonzalez	Seaport Global	Initiates	Hold	$35.00
Sep 15, 2026	Eric Gonzalez	Seaport Global	Initiates	Hold	$35.00
Sep 14, 2026	Sara Senatore	BofA Securities	Reiterates	Buy	$53.00
Sep 5, 2026	Brian Harbour	Morgan Stanley	Maintains	Hold	$39.00
Aug 24, 2026	Unknown Analyst	Baird	Downgrades	Hold	$44.00 → $40.00 −4.00 (−9.1%)
Aug 5, 2026	Peter Saleh	BTIG	Maintains	Buy	$45.00
Aug 5, 2026	Andrew Charles	TD Cowen	Maintains	Buy	$44.00
Aug 5, 2026	Dennis Geiger	UBS	Maintains	Buy	$45.00
Aug 4, 2026	Sharon Zackfia	William Blair	Reiterates	Buy	-
Aug 3, 2026	John Staszak	Argus Research	Maintains	Buy	$40.00 → $45.00 +5.00 (+12.5%)
Aug 1, 2026	Geoffrey Seiler	MoneyShow.Com	Initiates Coverage	Buy	-
Jul 31, 2026	Nick Setyan	Mizuho	Maintains	Buy	$41.00 → $43.00 +2.00 (+4.9%)
Jul 30, 2026	Zachary Fadem	Wells Fargo	Maintains	Buy	$45.00
Jul 30, 2026	Andrew Strelzik	BMO Capital	Reiterates	Buy	$52.00
Jul 30, 2026	Gregory Francfort	Guggenheim	Reiterates	Hold	$35.00 → $36.00 +1.00 (+2.9%)
Jul 30, 2026	David Palmer	Evercore ISI Group	Maintains	Buy	$45.00 → $47.00 +2.00 (+4.4%)
Jul 30, 2026	Brian Mullan	Piper Sandler	Reiterates	Buy	$42.00 → $39.00 −3.00 (−7.1%)
Jul 30, 2026	Lauren Silberman	Deutsche Bank	Initiates Coverage	Buy	$48.00 → $51.00 +3.00 (+6.3%)
Jul 30, 2026	Brian Bittner	Oppenheimer	Reiterates	Buy	$51.00
Jul 30, 2026	Joe Feldman	Telsey Advisory	Maintains	Buy	$48.00
Jul 30, 2026	Amit Kr Ram	Zacks Equity Research	Initiates Coverage	Buy	-
Jul 30, 2026	Matt Curtis	DA Davidson	Reiterates	Buy	$45.00 → $50.00 +5.00 (+11.1%)
Jul 30, 2026	Jim Salera	Stephens	Maintains	Hold	$36.00 → $40.00 +4.00 (+11.1%)
Jul 29, 2026	Greg Badishkanian	Wolfe Research	Maintains	Buy	$40.00

Nick Setyan

Mizuho

BuyMaintains

$43.00 → $37.00

Oct 23

Lauren Silberman

Deutsche Bank

BuyMaintains

$51.00 → $45.00

Oct 21

Andrew Charles

TD Cowen

HoldDowngrades

$32.00

Oct 21

Zachary Fadem

Wells Fargo

BuyReiterates

$45.00 → $40.00

Oct 21

Jeff Farmer

Gordon Haskett Capital Corporation

HoldMaintains

$42.00 → $36.00

Oct 19

Jon Tower

Citi

BuyMaintains

$45.00 → $43.00

Oct 19

Sara Senatore

BofA Securities

BuyReiterates

$53.00

Oct 19

Brian Vaccaro

Raymond James

BuyReiterates

$42.50 → $37.00

Oct 16

Jim Salera

Stephens

HoldMaintains

$40.00 → $38.00

Oct 15

Brian Harbour

Morgan Stanley

HoldReiterates

$40.00 → $39.00

Oct 15

Harendra Ray

Zacks Equity Research

SellInitiates Coverage

Oct 14

Danilo Gargiulo

Bernstein

BuyMaintains

$50.00

Oct 14

Swayta Shah

Zacks Equity Research

BuyInitiates Coverage

Oct 13

Danilo Gargiulo

Bernstein

BuyMaintains

$50.00

Oct 13

Natasha Sharma

Zacks Equity Research

BuyInitiates Coverage

Oct 2

Logan Reich

RBC Capital

BuyMaintains

$45.00

Sep 29

John Ivankoe

JP Morgan

BuyMaintains

$40.00 → $37.00

Sep 29

Harendra Ray

Zacks Equity Research

HoldInitiates Coverage

Sep 28

Zacks Equity Research

HoldInitiates Coverage

Sep 22

Eric Gonzalez

Seaport Global

HoldInitiates

$35.00

Sep 16

Eric Gonzalez

Seaport Global

HoldInitiates

$35.00

Sep 15

Sara Senatore

BofA Securities

BuyReiterates

$53.00

Sep 14

Brian Harbour

Morgan Stanley

HoldMaintains

$39.00

Sep 5

Unknown Analyst

Baird

HoldDowngrades

$44.00 → $40.00

Aug 24

Peter Saleh

BTIG

BuyMaintains

$45.00

Aug 5

Andrew Charles

TD Cowen

BuyMaintains

$44.00

Aug 5

Dennis Geiger

UBS

BuyMaintains

$45.00

Aug 5

Sharon Zackfia

William Blair

BuyReiterates

Aug 4

John Staszak

Argus Research

BuyMaintains

$40.00 → $45.00

Aug 3

Geoffrey Seiler

MoneyShow.Com

BuyInitiates Coverage

Aug 1

Nick Setyan

Mizuho

BuyMaintains

$41.00 → $43.00

Jul 31

Zachary Fadem

Wells Fargo

BuyMaintains

$45.00

Jul 30

Andrew Strelzik

BMO Capital

BuyReiterates

$52.00

Jul 30

Gregory Francfort

Guggenheim

HoldReiterates

$35.00 → $36.00

Jul 30

David Palmer

Evercore ISI Group

BuyMaintains

$45.00 → $47.00

Jul 30

Brian Mullan

Piper Sandler

BuyReiterates

$42.00 → $39.00

Jul 30

Lauren Silberman

Deutsche Bank

BuyInitiates Coverage

$48.00 → $51.00

Jul 30

Brian Bittner

Oppenheimer

BuyReiterates

$51.00

Jul 30

Joe Feldman

Telsey Advisory

BuyMaintains

$48.00

Jul 30

Amit Kr Ram

Zacks Equity Research

BuyInitiates Coverage

Jul 30

Matt Curtis

DA Davidson

BuyReiterates

$45.00 → $50.00

Jul 30

Jim Salera

Stephens

HoldMaintains

$36.00 → $40.00

Jul 30

Greg Badishkanian

Wolfe Research

BuyMaintains

$40.00

Jul 29

Chipotle Mexican Grill, Inc. (CMG) Analyst Forecast

Analyst Consensus Rating

Consensus Rating

Average Price Target

Latest CMG Analyst Ratings & Recommendations

Frequently Asked Questions