Chipotle (CMG) Price Target Reduced to $45 by RBC Capital

AI Summary

RBC Capital has decreased the price target for Chipotle Mexican Grill, Inc. (CMG) from $50 to $45 while maintaining a Buy rating ahead of its FQ1 2026 earnings report set for April 29. The average 12-month price target indicates potential upside of over 22% based on current levels. Analysts remain optimistic, with 67% of 42 analysts offering Buy ratings. RBC anticipates that same-store sales will slightly exceed consensus estimates, albeit cautioning that flat same-store sales guidance for fiscal 2026 may prevail due to consumer spending pressures.