Analyst: Chipotle Mexican Grill Has 40% Upside as It Enters 'Accelerated Growth Chapter'
Shares of Chipotle Mexican Grill (NYSE: CMG) have soared 52% over the past year and have tripled from the lows hit last March, but Piper Sandler analyst Nicole Miller Regan says there's a lot more to come from the restaurant chain. On Tuesday, she raised her price target on the Mexican-food leader to $1,835 per share.
In a research note to investors, the analyst said Chipotle was moving from strength to strength and is "turning the page of recovery to an accelerated growth chapter."
Image source: Chipotle Mexican Grill.
Source Fool.com
