This Is What Whales Are Betting On Chipotle Mexican Grill
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Chipotle Mexican Grill (NYSE:CMG), with 70% of investors opening trades with bullish expectations. The whale has been targeting a price range from $1860.0 to $2000.0 for Chipotle over the last 3 months. Analysts from Morgan Stanley, Wedbush, JP Morgan, Stephens & Co., and Truist Securities have maintained their ratings on Chipotle, with price targets ranging from $2010 to $2400.
August 18, 2023 | 3:01 pm
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POSITIVE IMPACT
A whale investor's bullish stance and analysts' maintained ratings with high price targets suggest a positive short-term impact on Chipotle Mexican Grill's stock.
The bullish stance of a whale investor, who has a significant influence on the market, combined with the maintained ratings and high price targets from analysts, indicate a positive sentiment towards Chipotle Mexican Grill. This could lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100