Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) have lost more than 1.6 percent of value since September 7. This, the Vetr crowd seems to believe, has created some room for upside.
On Friday, the Vetr community decided to upgrade its rating on shares of Chipotle, from 3.0 Stars (Hold) to 3.5 Stars (Buy), out of a possible five-star rating.
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The new rating better reflects the crowd’s average price target of $433.36, which implies a potential return of roughly 4.65 percent from current valuations.
Finally, it should be noted that, in accordance with the new rating, 68 percent of their ratings are bullish at the time.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.