Chipotle Stock Is Up 26% so far in 2024. How High Can It Go in the Second Half?
Investors are consistently bullish on Chipotle Mexican Grill (NYSE: CMG) stock, but it picked up some extra hype recently with its attention-grabbing 50-for-1 stock split on June 26.
Since then, the hype has calmed down, and shares have pulled back from their year-to-date highs. But even so, Chipotle stock is up a market-beating 26% so far this year. Can it go even higher before the end of 2024?
The stock-split hype certainly had a lot to do with Chipotle stock's popularity this year. Management first announced the transaction in mid-March, becoming another high-profile stock split for 2024. Shares gained 17% between the announcement and the split.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
€45.89
-2.400%
With 70 Buy predictions and 1 Sell predictions Chipotle Mexican Grill Inc. is one of the favorites of our community.
Based on the current price of 45.89 € the target price of 2478 € shows a potential of 5300.46% for Chipotle Mexican Grill Inc. which would more than double the current price.
