Mizuho Adjusts Price Target on Chipotle Mexican Grill to $37 From $43

TD Cowen downgraded Chipotle (CMG) to hold, citing soft sales and lowering its price target to $32. Analyst Andrew Charles expects 1% Q4 same-store sales growth, down from 4%, and sees risks to 2027 estimates. Chipotle stock fell 4.7% to $28.25. Wells Fargo also lowered its target to $40 but kept an overweight rating.

Chipotle Mexican Grill (CMG) shares fell 5.16% to $28.12 on October 22, 2026, the lowest since January 2023. Analyst downgrades and upcoming earnings contributed to the decline. GF Value™ suggests a 53.7% undervaluation, while the GF Score™ is 85/100. Insider selling totaled $7.2M over 12 months.

Chipotle CMG shares fell to $28.12, the lowest since January 2023, with a 24% YTD decline. TD Cowen downgraded the stock to Hold, citing sales slowdown concerns. The RSI entered oversold territory at 28.01.

Chipotle (CMG) shares fell 5.9% after TD Cowen downgraded the stock to Hold and cut its price target to $32. Analyst Andrew Charles cited slowing sales and lowered Q4 same-store sales growth forecast to 1%. Wells Fargo also cut its target to $40. Chipotle's stock is down 25.1% YTD.

Chipotle Mexican Grill (CMG) shares fell 5% after TD Cowen downgraded it to 'Hold' and cut its price target to $32. Deutsche Bank also lowered its target to $45 but kept a 'Buy' rating. Analysts expect Q3 revenue of $3.28B and EPS of $0.29. TD Cowen forecasts below-consensus same-store sales for Q4 and 2027, citing sales challenges.

Chipotle (CMG) stock fell after TD Cowen downgraded it ahead of Q3 2026 earnings, citing challenges in 2027. Analysts expect $3.28B revenue and $0.29 EPS. Several analysts lowered price targets, citing food safety concerns and traffic recovery uncertainty. CMG shares are down 24% YTD.