Here’s Why Chipotle Stock (NYSE:CMG) Has Been Falling Lately
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Chipotle stock (NYSE:CMG) has been falling due to factors such as high valuation, peaking same-store sales, and a pause in menu price hikes. Fund managers are becoming less interested in the stock, and consumer-related stocks are facing challenges from inflation and high interest rates. However, analysts believe the current valuation is not out of character and investors still favor high-growth stocks like Chipotle. Wall Street analysts have a Moderate Buy consensus rating on CMG stock. The average price target implies 8.12% upside potential.
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