Chipotle Mexican Grill, Inc. (CMG) Price Target Analysis
Updated Jul 2, 2026
Analyst Rating: Buy
Based on 67 analysts25.0% Below Target
CMG trades 25.0% below Wall Street's consensus target of $42.94.
Current Price$34.35
Average Target$42.94
Target
Current
Low$36.00
Median$42.00
High$52.00
Analyst Target Range
Forward P/E30.3x
(Growth Premium)
PEG Ratio0.85
(Undervalued)
Implied Growth+1.8%
(Low)
Analyst Spread37.3%
(Moderate)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes CMG achieves its forward estimates and maintains a stable P/E multiple of 30.3x. This scenario reflects the blended consensus of 67 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
CMG Price Target Analysis
Updated July 8, 2026As of July 8, 2026, Chipotle Mexican Grill, Inc. (CMG) has a Wall Street consensus price target of $42.94, based on estimates from 67 covering analysts. With the stock currently trading at $34.35, this represents a potential upside of +25.0%. The company has a market capitalization of $44.74B.
Analyst price targets range from a low of $36.00 to a high of $52.00, representing a 37% spread in expectations. The median target of $42.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 47 analysts rating the stock as a Buy or Strong Buy,20 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, CMG trades at a trailing P/E of 30.1x and forward P/E of 30.3x. The forward PEG ratio of 0.85 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +1.8% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $39.63, with bear and bull scenarios of $24.96 and $52.21 respectively. Model confidence stands at 67/100, reflecting moderate uncertainty in projections.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Consumer Cyclical stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+22.8%
Industry Consensus
Avg Forward P/E
40.6x
(Growth Premium)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
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 SHAKShake Shack Inc. | $2.2B | $54.92 | $90.58 | +64.9% | Buy | 47.9x | 37 |
 TXRHTexas Roadhouse, Inc. | $12.3B | $187.03 | $191.46 | +2.4% | Hold | 29.1x | 44 |
 CAVACAVA Group, Inc. | $8.1B | $69.74 | $90.00 | +29.1% | Buy | 125.9x | 25 |
 WINGWingstop Inc. | $4.6B | $170.21 | $275.64 | +61.9% | Buy | 37.3x | 38 |
 BROSDutch Bros Inc. | $8.4B | $66.28 | $77.50 | +16.9% | Buy | 72.5x | 23 |
 MCDMcDonald's Corporation | $200.5B | $282.21 | $345.67 | +22.5% | Buy | 21.7x | 62 |
 YUMYum! Brands, Inc. | $46.3B | $167.49 | $178.00 | +6.3% | Hold | 24.8x | 51 |
 QSRRestaurant Brands International Inc. | $25.6B | $73.94 | $83.73 | +13.2% | Buy | 18.2x | 44 |
 WENThe Wendy's Company | $1.5B | $7.78 | $7.95 | +2.2% | Hold | 13.6x | 51 |
CMG — Frequently Asked Questions
Quick answers to the most common questions about buying CMG stock.
What is the CMG stock price target for 2026?
The consensus Wall Street price target for CMG is $42.94, representing 25.0% upside from the current price of $34.35. With 67 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is CMG a buy, sell, or hold?
CMG has a consensus rating of "Buy" based on 67 Wall Street analysts. The rating breakdown is predominantly bullish, with 47 Buy/Strong Buy ratings. The consensus 12-month price target of $42.94 implies 25.0% upside from current levels.
Is CMG stock overvalued or undervalued?
CMG trades at a forward P/E of 30.259x, representing a moderate valuation. With analysts targeting $42.94 (25.0% implied move), the stock appears reasonably valued with upside.
How high can CMG stock go?
The most bullish Wall Street analyst has a price target of $52 for CMG, while the most conservative target is $36. The consensus of $42.94 represents the median expectation. Our quantitative valuation model projects a bull case target of $52 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover CMG stock?
CMG is heavily covered by Wall Street, with 67 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 47 have Buy ratings, 20 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the CMG stock forecast?
The 12-month CMG stock forecast based on 67 Wall Street analysts shows a consensus price target of $42.94, with estimates ranging from $36 (bear case) to $52 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $40, with bear/bull scenarios of $25/$52.
What is CMG's fair value based on fundamentals?
Our quantitative valuation model calculates CMG's fair value at $40 (base case), with a bear case of $25 and bull case of $52. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 67/100.
What is CMG's forward P/E ratio?
CMG trades at a forward P/E ratio of 30.3x based on next-twelve-months earnings estimates compared to a trailing P/E of 30.1x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy CMG stock?
Wall Street analysts are very optimistic on CMG, with a "Buy" consensus rating and $42.94 price target (25.0% upside). 47 of 67 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do CMG price targets vary so much?
CMG analyst price targets range from $36 to $52, a 37% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $42.94 consensus represents the middle ground. Our model's $25-$52 range provides an independent fundamental perspective.
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