Chipotle Stock: Headed to $2,000 and Beyond?

Shares of Chipotle Mexican Grill (NYSE: CMG) have surged this year, climbing 36%. This gain crushed the S&P 500's 19% gain over this same time frame. But one analyst thinks the stock could rise even higher.

Last Thursday, Piper Sandler analyst Nicole Miller Regan boosted her 12-month price target for Chipotle Stock to $2,235 -- up from a previous view for shares to climb to $2,100. In addition, she reiterated her overweight rating (similar to a buy rating) for the stock.

Her target is the highest on the Street. Here's a closer look at why she's so bullish on the growth stock.

Source Fool.com