Chipotle Is the Best Stock to Buy in 2021 and Will Hit $2,000, an Analyst Says
Chipotle Mexican Grill (NYSE: CMG) is expected to soar 35% this year to $2,000 per share, according to Piper Sandler analyst Nicole Miller Regan, who believes it can achieve its long-term growth goals. She raised her price target from $1,835 per share, which itself was 24% above the $1,480 level at which the fast-casual Mexican food chain currently trades.
She also pegged Chipotle as her highest-conviction recommendation for 2021.
Image source: Chipotle Mexican Grill.
Source Fool.com