69/100BChipotle Mexican Grill stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Chipotle Mexican Grill is 40.59, 14.9% above the current price of 35.33. Their targets range from 32.00 to 50.00.
Of the 27 firms that rated Chipotle Mexican Grill in the past 12 months, 18 rate it buy or strong buy, 9 hold and 0 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 32.00 to 50.00, with an average of 40.59.
| Buy | 18 | |
| Hold | 9 | |
| Sell | 0 |
12-month price target
| Highest target | 50.00 |
| Average target | 40.59 |
| Lowest target | 32.00 |
| Current price | 35.33 |
Chipotle Mexican Grill price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Chipotle Mexican Grill price target and rating?
How analysts rate Chipotle Mexican Grill, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
18 of 27 firms rate it buy now, against 23 of 29 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Chipotle Mexican Grill analyst upgrades, downgrades and price targets
The latest rating change came on 21 October 2026, when TD Cowen downgraded Chipotle Mexican Grill from Buy to Hold. The most recent new target came from Bernstein on 29 October 2026: 43.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 29 Oct 2026 | Bernstein Danilo Gargiulo | Reiterated · Outperform | 38.00 → 43.00 | +13.2% | 31.21 |
| 29 Oct 2026 | BMO Capital Andrew Strelzik | — | 52.00 → 50.00 | -3.8% | 30.99 |
| 29 Oct 2026 | Guggenheim | Reiterated · Neutral | 36.00 → 32.00 | -11.1% | 28.78 |
| 29 Oct 2026 | Telsey Advisory Sarang Vora | — | 48.00 → 40.00 | -16.7% | 28.78 |
| 29 Oct 2026 | KeyBanc Eric Gonzalez | Reiterated · Overweight | 45.00 → 40.00 | -11.1% | 28.78 |
| 29 Oct 2026 | Jefferies Andy Barish | — | 32.00 | — | 28.78 |
| 22 Oct 2026 | D.A. Davidson Matt Curtis | — | 50.00 → 45.00 | -10.0% | 28.14 |
| 21 Oct 2026 | Deutsche Bank Lauren Silberman | — | 48.00 → 45.00 | -6.3% | 28.18 |
| 21 Oct 2026 | TD Cowen | Downgraded · Buy → Hold | — | — | — |
| 19 Oct 2026 | Gordon Haskett Capital Corporation | — | 42.00 → 36.00 | -14.3% | 29.88 |
| 16 Oct 2026 | Raymond James | Reiterated · Outperform | 42.50 → 37.00 | -12.9% | 30.56 |
| 15 Oct 2026 | Stephens | Reiterated · Equal Weight | 40.00 → 38.00 | -5.0% | 30.52 |
| 15 Oct 2026 | Morgan Stanley | Reiterated · Equal Weight | 39.00 → 40.00 | +2.6% | 30.52 |
| 24 Aug 2026 | Robert W. Baird Chris O'Cull | — | 44.00 → 40.00 | -9.1% | 36.90 |
| 24 Aug 2026 | Baird | Downgraded · Outperform → Neutral | — | — | — |
| 4 Aug 2026 | Argus Research | Reiterated · Buy | 45.00 | — | 37.15 |
| 30 Jul 2026 | D.A. Davidson | — | 50.00 | — | 38.49 |
| 30 Jul 2026 | Stephens Jim Salera | Reiterated · Equal Weight | 39.00 → 40.00 | +2.6% | 34.24 |
| 30 Jul 2026 | Robert W. Baird | — | 45.00 → 44.00 | -2.2% | 34.24 |
| 30 Jul 2026 | Piper Sandler | Reiterated · Overweight | 42.00 → 39.00 | -7.1% | 34.24 |
| 30 Jul 2026 | Morgan Stanley | Reiterated · Equal Weight | 37.00 → 39.00 | +5.4% | 34.24 |
| 30 Jul 2026 | Raymond James Brian Vaccaro | — | 41.00 → 42.50 | +3.7% | 34.24 |
| 30 Jul 2026 | Evercore ISI David Palmer | Reiterated · Outperform | 45.00 → 47.00 | +4.4% | 34.24 |
| 13 Jul 2026 | Mizuho Securities | Reiterated · Outperform | 37.00 → 41.00 | +10.8% | 35.25 |
| 5 Jun 2026 | JP Morgan | Upgraded · Neutral → Overweight | — | — | — |
| 3 Jun 2026 | Morgan Stanley Brian Harbour | Downgraded · Overweight → Equal Weight | 49.00 → 37.00 | -24.5% | 29.25 |
| 5 May 2026 | Argus Research | Upgraded · Hold → Buy | — | — | — |
| 30 Apr 2026 | Piper Sandler | Reiterated · Overweight | 44.00 → 42.00 | -4.5% | 32.98 |
| 30 Apr 2026 | Stephens | Reiterated · Equal Weight | 35.00 → 39.00 | +11.4% | 32.98 |
| 30 Apr 2026 | Bernstein Jeffrey Bernstein | — | 50.00 → 38.00 | -24.0% | 32.98 |
| 21 Apr 2026 | Raymond James | Reiterated · Outperform | 45.00 → 41.00 | -8.9% | 35.83 |
| 17 Apr 2026 | RBC Capital | Reiterated · Outperform | 40.00 → 45.00 | +12.5% | 36.30 |
| 20 Mar 2026 | Mizuho | Upgraded · Neutral → Outperform | — | — | — |
| 5 Feb 2026 | Guggenheim | — | 47.00 → 36.00 | -23.4% | 39.93 |
| 4 Feb 2026 | Deutsche Bank Lauren Silberman | — | 48.00 | — | 39.92 |
| 4 Feb 2026 | Telsey Advisory Sarang Vora | Reiterated · Outperform | 50.00 → 48.00 | -4.0% | 38.61 |
| 4 Feb 2026 | Morgan Stanley Brian Harbour | Reiterated · Overweight | 50.00 → 49.00 | -2.0% | 39.17 |
| 4 Feb 2026 | BMO Capital Andrew Strelzik | — | 52.00 | — | 38.92 |
| 4 Feb 2026 | Mizuho Securities Nick Setyan | Reiterated · Neutral | 38.00 → 37.00 | -2.6% | 39.18 |
| 4 Feb 2026 | Stifel Nicolaus Chris O'Cull | Reiterated · Buy | 50.00 → 45.00 | -10.0% | 39.18 |
| 4 Feb 2026 | Piper Sandler | Reiterated · Overweight | 47.00 → 44.00 | -6.4% | 39.18 |
| 4 Feb 2026 | Wells Fargo | Reiterated · Overweight | 50.00 → 45.00 | -10.0% | 39.18 |
| 4 Feb 2026 | Barclays | Reiterated · Equal Weight | 44.00 → 40.00 | -9.1% | 39.18 |
| 28 Jan 2026 | Robert W. Baird | — | 49.00 → 45.00 | -8.2% | 39.90 |
| 23 Jan 2026 | Piper Sandler Brian Mullan | Reiterated · Overweight | 47.00 | — | 40.54 |
| 22 Jan 2026 | Wells Fargo | Reiterated · Overweight | 55.00 → 50.00 | -9.1% | 40.72 |
| 22 Jan 2026 | BWG Global | Downgraded · Positive → Mixed | — | — | — |
| 21 Jan 2026 | Raymond James | Reiterated · Outperform | 40.00 → 45.00 | +12.5% | 39.00 |
| 9 Jan 2026 | Mizuho Securities | Reiterated · Neutral | 36.00 → 38.00 | +5.6% | 39.18 |
| 9 Jan 2026 | Telsey Advisory | — | 50.00 | — | 39.18 |
Chipotle Mexican Grill EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Chipotle Mexican Grill's EPS to grow 10.3% a year until 2028, slower than over the last 5 years (35.5% a year) and the last 3 years (21.2%).
Analysts expect Chipotle Mexican Grill's revenue to grow 9.8% a year until 2028. Over the last 5 years it grew 14.8% a year, and over the last 3 years 11.4%.
Revenue
EPS
Does Chipotle Mexican Grill beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 5.7% off the result, either way, and their revenue estimate 0.9%, over the last 12 quarters.
- EPS beats
- 56 / 81
- Revenue beats
- 56 / 80
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +4.5%
- Since
- March 2006
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 28 Oct 2026 | 0.29 | 0.27 | -6.9% | 3.29B | 3.29B | +0.2% |
| Q2 FY2026 | 29 Jul 2026 | 0.32 | 0.33 | +3.5% | 3.33B | 3.35B | +0.5% |
| Q1 FY2026 | 29 Apr 2026 | 0.24 | 0.24 | +1.1% | 3.07B | 3.09B | +0.7% |
| Q4 FY2025 | 3 Feb 2026 | 0.24 | 0.25 | +5.0% | 2.96B | 2.98B | +0.7% |
| Q3 FY2025 | 29 Oct 2025 | 0.29 | 0.29 | +1.5% | 3.02B | 3.00B | -0.5% |
| Q2 FY2025 | 23 Jul 2025 | 0.33 | 0.33 | +1.2% | 3.11B | 3.06B | -1.6% |
| Q1 FY2025 | 23 Apr 2025 | 0.28 | 0.29 | +4.7% | 2.94B | 2.88B | -2.4% |
| Q4 FY2024 | 4 Feb 2025 | 0.24 | 0.25 | +4.2% | 2.85B | 2.85B | -0.1% |
| Q3 FY2024 | 29 Oct 2024 | 0.25 | 0.27 | +8.0% | 2.82B | 2.79B | -0.8% |
| Q2 FY2024 | 24 Jul 2024 | 0.32 | 0.34 | +6.3% | 2.94B | 2.97B | +1.1% |
| Q1 FY2024 | 24 Apr 2024 | 0.23 | 0.27 | +15.5% | 2.68B | 2.70B | +1.0% |
| Q4 FY2023 | 6 Feb 2024 | 0.19 | 0.21 | +10.5% | 2.49B | 2.52B | +1.1% |
Chipotle Mexican Grill stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Chipotle Mexican Grill's earnings keep growing at the 9.7% a year analysts expect to FY2028, it would earn about 1.84 a share in FY2030. At the P/E it has traded at over the last five years (32.2 to 53.8) that is 59.25 to 99.14 a share, or 78.49 at its average P/E of 42.6. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 1.09 | 35.11 | 46.52 | 58.76 |
| FY2027 | 1.33 | 42.65 | 56.50 | 71.36 |
| FY2028 | 1.53 | 49.25 | 65.24 | 82.41 |
| FY2029 (extrapolated) | 1.68 | 54.02 | 71.56 | 90.39 |
| FY2030 (extrapolated) | 1.84 | 59.25 | 78.49 | 99.14 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 9.7% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (32.2, 42.6, 53.8).
Is Chipotle Mexican Grill stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Chipotle Mexican Grill's P/E of 33.0 is above the middle of its 5-year range (0.9 to 69.3, median 1.4). Analysts do not expect faster growth than in recent years, so it is expensive compared with its own history. Buyers pay more for each point of growth than usual: a PEG of 3.2 on expected growth against 0.0 on its median P/E and past five years' growth. At its usual P/E (28.8 × EPS of 1.07), Chipotle Mexican Grill's fair value is 30.82; the price, 35.33, is 14.6% above it. Its forward P/E, on the consensus for FY2026, is 32.4.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (0.9 and 69.3). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 33.02
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 1.37
- Five-year P/E range
- 0.9 – 69.3
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 32.37
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 3.41
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +14.9%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 35.850 | 71.4258Price 35.85193 | +99.2% | |
| 29.050 | 56.2634Price 29.0596 | +93.7% | |
| 241.000 | 464.49205Price 241.00627 | +92.7% | |
| 123.590 | 237.24178Price 123.59297 | +92.0% | |
| 161.400 | 305.52159Price 161.40396 | +89.3% | |
| 157.460 | 297.58169Price 157.46471 | +89.0% | |
| 217.560 | 405.38304Price 217.56507 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.