CMG Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Chipotle Mexican Grill (CMG) is currently trading at $48.54 as of the latest closing price. The stock is showing signs of potential weakness, with a Relative Strength Index (RSI) of 35.82, indicating oversold conditions. The MACD line is below the signal line, suggesting bearish momentum. However, the stock is approaching a strong support level at $47.92, which could act as a floor for the price in the short term.
News and Fundamental Analysis:
Recent news indicates mixed sentiment for CMG. On the positive side, the stock received an upgrade from Morgan Stanley, with a price target of $70, citing strong fundamentals and growth potential. However, concerns about tariffs on Mexican imports and rising costs for key ingredients like avocados and tomatoes could impact margins and menu pricing. Additionally, CMG's recent earnings report showed a revenue miss, though margins and unit development were better than expected.
Resistance and Support Levels:
The stock is currently testing a critical support level at $47.92. If this level holds, we could see a bounce towards the resistance level at $50.98. However, if the support breaks, the next downside target could be $46.98.
Analyst Sentiment:
Analysts are mixed on CMG, with some maintaining a buy rating while others have lowered their price targets. The average price target remains around $64, indicating potential upside, but the stock's valuation remains elevated with a P/E ratio of 54.85.
Conclusion:
Based on the technical and fundamental analysis, CMG is likely to face headwinds in the short term due to cost pressures and mixed earnings trends. While the stock has strong long-term growth potential, the near-term risks suggest a cautious approach.
Prediction: The stock price of CMG is expected to decline to $47.50 in the next trading week.
Recommendation: Sell CMG at current levels, as the stock is likely to test lower support levels before any meaningful recovery.
CMG Similar Chart Price Prediction
The price of CMG is predicted to go up -21.65%, based on the high correlation periods with NNBR. The similarity of these two price pattern on the periods is 96.19%.
CMG
NNBR
Down: -21.65%Similarity: 96.19%
CMG Revenue Forecast
CMG EPS Forecast
CMG FAQs
What is CMG revenue forecast for next quarter？
What is CMG eps forecast for next quarter？
CMG VS S&P500
Accelerated digital adoption during the pandemic supercharged Chipotle's loyalty program, which should continue to drive increased order frequency and reduce customer churn.
Chipotlanes should position the brand to better compete with quick-service rivals while opening up new trade areas. They're in 25% of the existing store footprint and in 80% of new unit openings.
The firm remains behind its 2014 throughput high-water marks, suggesting that recent operational initiatives targeting transaction capacity could provide a durable, multiyear lever for growth.
CMG Analyst's Forecast
John Ivankoe
JP Morgan
Hold
2025-03-20
Price Target
$60 → $58
Upside
+18.37%
JPMorgan lowered the firm's price target on Chipotle to $58 from $64 and keeps a Neutral rating on the shares. The firm adjusted models in the restaurant and food service distribution group. JPMorgan believes the stock volatility has provided some opportunities in the sector. It would add fresh money to Dutch Bros (BROS), Starbucks (SBUX), and Cava (CAVA). Quick servicers are at "good-enough" valuations to own but heavy U.S. data and pockets of slower international unit growth may provide better buying opportunities, the analyst tells investors in a research note.
Alton Stump
Loop Capital
Hold → Strong Buy
2025-03-14
Price Target
$58 → $65
Upside
+29.92%
Brian Harbour
Morgan Stanley
Hold → Buy
2025-03-03
Price Target
$65 → $70
Upside
+28.84%
