CMG Stock: $2,080 Target From Cowen

By Amit Chowdhry ● July 21, 2021
  • The shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) have received a price target increase from $1,850 to $2,080 by Cowen. These are the details.

The shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) have received a price target increase from $1850 to $2080 by Cowen. And Cowen analyst Andrew Charles is maintaining an Outperform rating on the shares.

Charles noted that the company has a nice top and bottom-line beat. And the guided Q3 comps are up low to mid-double digits — which is well above the consensus estimates.

Yesterday, Chipotle said it earned an adjusted $7.46 per share from revenue of $1.9 billion. And the sales at restaurants also opened at least a year grew by over 31%, well above expectations. 

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.