Analysts Favor ‘Hold’ Ratings ahead of Chipotle’s Q2 Earnings
On July 17, Chipotle Mexican Grill (CMG) was trading at $452.54 per share. On the same day, analysts expected the company’s stock price to reach $416.70 in the next 12 months, which represents a fall of 7.9% from its current stock price. From the graph below, we can see that the average price target has increased from $314.48 in April to the current $416.70.