This Is What Whales Are Betting On Chipotle Mexican Grill
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG), with 67% of detected trades being bearish. The price target for the company over the last three months has been between $1450.0 and $2500.0. The current price of CMG is $1888.87, down by 0.09%. Analysts from Stephens & Co., Oppenheimer, TD Cowen, and Barclays have given price targets ranging from $1950 to $2400.
August 07, 2023 | 7:45 pm
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Bearish sentiment detected in Chipotle Mexican Grill trades. Price targets range from $1450 to $2500. Current price is $1888.87, down 0.09%.
The bearish sentiment detected in the trades and the current downward trend in the price of CMG indicates a potential short-term decrease in the stock price. However, the price targets given by analysts suggest a potential increase in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100