---
title: "Chipotle Stock Upgraded After 3-Year Lows"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288868935.md"
description: "J.P. Morgan upgraded Chipotle (CMG) to 'overweight' from 'neutral,' citing attractive valuation after shares hit a three-year low. Despite trimming the price target to $35, the firm highlights oversold conditions and strong analyst support, with 25 of 35 ratings being 'buy' or better. CMG stock rose 2.1% in premarket trading."
datetime: "2026-06-05T13:15:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288868935.md)
  - [en](https://longbridge.com/en/news/288868935.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288868935.md)
---

# Chipotle Stock Upgraded After 3-Year Lows

**Chipotle Mexican Grill Inc (NYSE:CMG)** stock is up 2.1% at $28.77 in premarket trading, after J.P. Morgan Securities upgraded the **restaurant stock** to "overweight" from "neutral," citing an attractive valuation opportunity. The firm also trimmed its price target to $35 from $38.

The bull note arrives after a brutal stretch on the charts for Chipotle stock. The shares plunged to a more than three-year low of $28.04 yesterday alongside a sixth-straight drop. CMG is down 46% over the last 12 months and roughly 13% in just the last week. Strengthening its case for a rebound, CMG sits in "oversold" territory, per its 14-day relative strength index (RSI) of 24.3.

The majority of analysts are already bullish on CMG. Heading into today, 25 of the 35 in coverage carry a "buy" or better rating, with 10 "holds" and no sells on the books.

Options traders are pricing in relatively low volatility expectations, per Chipotle's Schaeffer's Volatility Index (SVI) of 38%, which sits in the 28th percentile of its annual range. Meanwhile, the stock's **Schaeffer's Volatility Scorecard (SVS)** of 93 out of 100 indicates it has consistently exceeded those expectations during the past year.

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