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Key Takeaways
- Oppenheimer has reiterated that Chipotle stock is “outperform”.
- That made them the latest to back the burrito chain's shares: Morgan Stanley did the same last week.
- According to Visible Alpha most analysts give Chipotle a “buy rating”.
Chipotle shares (CMG) are going through a rough time in 2025. Wall Street believes that the stock of the burrito-chain will recover.
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 said that despite concerns about the near-term growth of same-store sales, Chipotle’s shares are still attractive despite the stock’s recent decline. “We believe [Chipotle] Oppenheimer wrote: “It is one of the companies best positioned to experience a strong recovery in sales trends, as industry headwinds subside.”
Morgan Stanley, on the other hand, named Chipotle as one of its “Quality stocks for a long-term holding period” report last week. Analysts at the bank have been bullish for a few months now, and raised their price target from $60 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 goal is a couple of dollars lower, at $66, according to Visible Alpha.
