Key Takeaways
- Despite having a rough start to the year, investment bank Oppenheimer reiterated an “outperform” rating for Chipotle’s stock.
- That made them the latest to back the burrito chain’s shares: Morgan Stanley did the same last week.
- Most analysts give Chipotle stock a “buy” rating, according to Visible Alpha.
Chipotle (CMG) shares are having a rough 2025. Wall Street expects the burrito chain’s stock to get back on track.
The company’s shares fell less than 1% Monday, closing just below $50 to bring their year-to-date decline to about 18%, substantially underperforming the S&P 500. Lately, though, some analysts have shored up their support for the stock: Most recently, Oppenheimer reiterated an “outperform” rating, saying it’s time to take advantage of the fall.
The bank on Sunday said the stock’s slide has Chipotle shares looking attractive even with some concern about near-term same-store sales growth. “We believe [Chipotle] is one of the best positioned for a powerful rebound in sales trends as industry headwinds subside,” Oppenheimer wrote.
Morgan Stanley, meanwhile, last week named Chipotle in its “Quality Stocks for a Long-Term Holding Period” report. The bank’s analysts turned bullish earlier this month, raising their price target to $70.
“We think that [Chipotle] is well positioned in fast casual, and among the best set up in the industry, to deploy next-generation technologies that drive cost savings and efficiency, which in turn protects the value proposition of the brand,” said Morgan Stanley’s report.
Wall Street’s consensus target is near $68, with most of the analysts following the stock having buy ratings, according to Visible Alpha. Oppenheimer’s target lands a couple dollars below that, at $66.
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