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

TheMotleyFool

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Chipotle Stock: Headed to $2,000 and Beyond?: https://g.foolcdn.com/editorial/images/721211/cmg-stock-chipotle.jpg

I recently argued that it may make sense to take some chips off the table with Chipotle Mexican Grill (NYSE: CMG) stock. But a number of analysts have since argued the opposite. Indeed, four analysts have raised their 12-month price targets for the stock to prices over $2,000.

Their price targets, when averaged together, translate to 32% upside from here. Adding to the excitement, Chipotle announced an entirely new restaurant on Wednesday, giving the company another potential revenue stream. Are shares more attractive than I thought?

Let's take a look at Chipotle's new restaurant, as well as explore why some analysts are so bullish.

Source Fool.com

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