Forecasts
Chipotle (NYSE: CMG) Stock Price Prediction and Forecast 2025-2030 (June 2025)

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Chipotle Mexican Grill Inc. (NYSE: CMG) named its new chief operating officer and made other management changes last month. With its most recent earnings report, the fast-casual restaurant operator announced plans to open up to 345 new locations, including its first restaurants in Mexico. Since that quarterly report, the stock has risen 10.0%.
However, the share price had begun to retreat back in December and hit a 52-week low of $44.46 before the first-quarter report. It is still 13.3% lower since the beginning of the year, underperforming the S&P 500 in that time. Analysts remain optimistic though. On average, they recommend buying shares and have a consensus price target that suggests about 12% upside in the next year.
Chipotle Mexican Grill Inc. (NYSE: CMG) has developed a big following with die-hard loyal diners for its health-conscious menus and fast-casual dining experience.
Due to its focus on growth and innovation, 24/7 Wall St. projects huge upside on the stock through the end of the decade.
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Chipotle Mexican Grill has developed a large Gen-Z following, along with its loyal customers, who appreciate the health-conscious menu and the dining experience that falls between fast food and fine dining. Chipotle offers burritos, tacos, and salads, among other items that keep varying throughout the year. The company offers these products by sourcing organic produce and responsibly raised cows and chickens.
Nevertheless, investors are concerned with future stock performance over the next decade. Although most Wall Street analysts will calculate 12-month forward projections, it is clear that nobody has a consistent crystal ball, and plenty of unforeseen circumstances can render even near-term prognostications irrelevant. 24/7 Wall St. aims to present some farther-looking insights based on Chipotle’s own numbers, along with business and market development information that may be of help with your own research.
While Chipotle is experiencing strong growth, it still faces many challenges.
However, there is plenty for investors and fans to be positive about:
Here is a table summarizing performance in share price, revenues, and profits (net income) from 2014 to 2024.
Year | Price | Total Revenues | Net Income |
2014 | $13.69 | $4.108 B | $445.4 M |
2015 | $9.60 | $4.501 B | $475.6 M |
2016 | $7.55 | $3.904 B | $ 22.9 M |
2017 | $5.78 | $4.476 B | $176.3 M |
2018 | $8.64 | $4.865 B | $176.6 M |
2019 | $16.74 | $5.586 B | $350.2 M |
2020 | $27.73 | $5.984 B | $355.8 M |
2021 | $34.97 | $7.547 B | $653.0 M |
2022 | $27.75 | $8.634 B | $899.1 M |
2023 | $45.74 | $9.871 B | $1.228 B |
2024 | $60.30 | $11.310 B | $1.534 B |
Price reflects 6/2024 50:1 forward split
Last year, Chipotle CEO Brian Niccol jumped ship to head up Starbucks Corp. (NASDAQ: SBUX). Chief Operating Officer Scott Boatwright replaced Niccol, but investors were understandably worried about what would happen to the company under new leadership. The stock initially pulled back but recovered and headed higher in the final months of the year.
Chipotle completed a 50-for-1 stock split on June 26, 2024, making it one of the largest in New York Stock Exchange history. The chief financial officer stated that the split would make the stock more accessible to employees and a broader range of investors.
An ability to adapt to changing customer preferences.
Its ability to effectively manage costs.
And how well it maintains its brand reputation.
The consensus recommendation of 35 Wall Street analysts is to buy Chipotle shares. Their average price target for 12 months is $57.69. That would be a gain of 12.0% from today’s price.
24/7 Wall St.’s projection for Chipotle’s year-end price is $54.67, which would be 6.2% higher. We believe that Brian Niccol’s departure will not impact Chipotle’s revenues and earnings to a significant extent and that the strong corporate infrastructure that has maintained the growth pace for the past five years is resilient enough to continue.
Chipotle’s international expansion efforts in Europe and Canada are expected to gain traction in 2026. The company’s digital ordering platform should mature at this point where it can potentially account for over 50% of sales and drive higher margins. Our target price of $64.74 would be a gain of 25.7%.
2027 could see Chipotle using data analytics and AI to personalize customer experiences and optimize marketing efforts. The company might also explore new store formats to penetrate urban markets more effectively, potentially boosting revenue and stock performance. The Middle East initiative with Alshaya in Kuwait should finally be able to kickstart, creating an entirely new customer demographic for all of Chipotle’s offerings, except for carnitas, which would be haram (prohibited under Sharia law) as it is pork. A $73.24 target price would represent a gain of 42.2%.
Appealing to eco-conscious consumers and potentially reducing long-term costs through sustainable packaging and renewable energy could be another profit center by 2028. Chipotle might also introduce more plant-based protein options to cater to changing dietary preferences. A gain of 89.46% would be realized by Chipotle at a projected $89.46 price.
In 2029, Chipotle may focus on vertical integration, potentially acquiring some of its suppliers to ensure quality control and reduce costs. From a logistical perspective, owning crucial local supply chain components, especially for overseas clients, can be a risk mitigation tool. By eschewing long-distance imports for its menu supplies and placing itself at the mercy of its suppliers. Taking the proactive course would make for a further strategy of better engagement to adapt to international outlets’ cultural differences, a highly important head of state, etc. Chipotle could also explore augmented reality for employee training and customer engagement, which would enhance operational efficiency. Our stock price target is $105.63, or 105.1% higher than the current share price.
By 2030, Chipotle might introduce fully automated outlets in select locations, significantly reducing labor costs. Machines that work alongside human employees, automating tasks like avocado preparation and food assembly, would have been successfully integrated by this time. Fully automated 24/7 drive-throughs could also maintain sufficient margins, thanks to reduced labor costs.
The company could also expand its catering services, targeting corporate clients for B2B, and potentially opening up new revenue streams. Our price target is $117.40, which would be a 128.0% cumulative five-year gain.
Year | P/E Ratio | EPS | Price | Upside |
2025 | 52 | $1.30 | $54.67 | 6.2% |
2026 | 45 | $1.54 | $64.74 | 25.7% |
2027 | 40 | $1.96 | $73.24 | 42.2% |
2028 | 37 | $2.32 | $89.46 | 89.46% |
2029 | 35 | $2.75 | $105.63 | 105.1% |
2030 | 32 | $3.19 | $117.40 | 128.0% |
Why Chipotle Should Pay a Dividend in 2025
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