Where Will Chipotle Mexican Grill Be in 5 Years?
Chipotle Mexican Grill (NYSE: CMG) stock has been an incredible investment for shareholders who have taken the long view. It's a perpetual market-beating stock, backed up by reliably phenomenal performance.
But its stock tanked last week after it let investors know that CEO Brian Niccol, who has effectively made it into what it is today, is leaving. Does this mean that its run is over? Let's see where it might be in five years from now, and whether or not it makes sense to buy it today.
Chipotle is in a great position today. Without the news of Niccol's departure, there hasn't been much to be worried about. It's performed flawlessly over the past few years despite major pressure from a global pandemic and inflation. It's practically floated through these challenges with sales increases, expanding margins, and high profitabiliity.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
With 78 Buy predictions and 1 Sell predictions Chipotle Mexican Grill Inc. is one of the favorites of our community.
Based on the current price of 50.75 € the target price of 2343 € shows a potential of 4516.75% for Chipotle Mexican Grill Inc. which would more than double the current price.
