---
title: "These Analysts Increase Their Forecasts On Chipotle After Strong Q2 Results"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294368621.md"
description: "Chipotle (NYSE:CMG) reported Q2 earnings of $0.33 per share and revenue of $3.35 billion, beating estimates and driving an 8.4% stock rise. Following the strong results, analysts from Stephens & Co. and Morgan Stanley raised their price targets to $40 and $39 respectively, while BTIG maintained a Buy rating with a $45 target."
datetime: "2026-07-30T12:17:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294368621.md)
  - [en](https://longbridge.com/en/news/294368621.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294368621.md)
generator: "portal-rs"
---

# These Analysts Increase Their Forecasts On Chipotle After Strong Q2 Results

**Chipotle Mexican Grill Inc.** (NYSE:CMG) on Wednesday posted better-than-expected second-quarter results.

Chipotle Mexican Grill reported quarterly earnings of 33 cents per share, which beat the analyst consensus estimate of 32 cents, according to Benzinga Pro data. Quarterly revenue came in at $3.35 billion, which beat the analyst consensus estimate of $3.33 billion and was up from $3.06 billion in the same period last year.

"Our positive results reflect the momentum we’re building as our Recipe for Growth strategy continues to take shape," said CEO Scott Boatwright.

Chipotle shares gained 8.4% to $37.10 in pre-market trading.

These analysts made changes to their price targets on Chipotle following earnings announcement.

-   Stephens & Co. analyst Jim Salera maintained the stock with an Equal-Weight rating and raised the price target from $36 to $40.
-   Morgan Stanley analyst Brian Harbour maintained the stock with an Equal-Weight rating and boosted the price target from $37 to $39.
-   BTIG analyst Peter Saleh reiterated the stock with a Buy and maintained a $45 price target.

**Considering buying CMG stock? Here’s what analysts think:**

*Photo via Shutterstock*

### Related Stocks

- [CMG.US](https://longbridge.com/en/quote/CMG.US.md)
- [MS.US](https://longbridge.com/en/quote/MS.US.md)
- [SSTK.US](https://longbridge.com/en/quote/SSTK.US.md)
- [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md)
- [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md)
- [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md)
- [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md)
- [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md)
- [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md)
- [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md)
- [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md)
- [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md)

## Related News & Research

- [Is Chipotle (CMG) Quietly Redefining Its Brand Moat With Saudi Expansion And Gen Alpha Loyalty Plays?](https://longbridge.com/en/news/296613469.md)
- [CHIPOTLE LAUNCHES THE SALISH MATTER ORDER INSPIRED BY ONE OF GEN ALPHA'S BIGGEST CELEBRITIES | CMG Stock News](https://longbridge.com/en/news/296351465.md)
- [CHIPOTLE CELEBRATES BACK-TO-SCHOOL SEASON WITH SCHOOL SPIRIT BOGO AND CHIPOTLE SUNDAYS DEAL | CMG Stock News](https://longbridge.com/en/news/296101372.md)
- [Chipotle impresses analysts after battling through industry headwinds](https://longbridge.com/en/news/294365447.md)
- [CHIPOTLE TO GIVE AWAY UP TO $2 MILLION IN FREE BURRITOS TO TEACHERS AND HEALTHCARE WORKERS | CMG Stock News](https://longbridge.com/en/news/284564731.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**