Shares of Chipotle Mexican Grill, Inc. 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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