Up More Than 50% This Year, Can Chipotle Stock Go Higher?
There are few guarantees in the stock market, but one thing you can count on is growth at Chipotle Mexican Grill (NYSE: CMG). The Tex-Mex specialist has a recipe that investors can savor, and it features ingredients like restaurant openings, comparable-store (comps) sales increases, and high profitability.
However, its stock is already up 59% in 2023, and it trades at a high valuation. Can it go any higher?
Chipotle has been on a hot streak for most of its two decades as a public company. It managed to grow revenue and stay profitable throughout the pandemic era save for one quarter, and has continued to demonstrate strong performance despite inflation.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
€45.90
0.020%
The stock is one of the favorites of our community with 70 Buy predictions and 1 Sell predictions.
With a target price of 2478 € there is potential for a 5299.28% increase which would mean more than doubling the current price of 45.9 € for Chipotle Mexican Grill Inc..
