Telsey Advisory Initiates Coverage of Chipotle Mexican Grill (CMG) Stock With Outperform Rating

Chipotle Mexican Grill, Inc. (NYSE:CMG) is one of the Oversold Fundamentally Strong Stocks to Buy Right Now. On January 9, Telsey Advisory began coverage of the company’s stock with an “Outperform” rating and a price objective of $50. While the broader restaurant industry witnessed slower consumer spending in 2025, the firm believes that this will not be the case in 2026.

It expects marginal improvement in restaurant trends, with consumer spending benefiting from increased tax refunds as well as reduced rates. Furthermore, the analyst believes that the company-specific initiatives are also expected to fuel growth.

In a different update, on January 8, Truist lifted the price target on Chipotle Mexican Grill, Inc. (NYSE:CMG)’s stock to $50 from $45, while keeping a “Buy” rating. The analyst believes that after the tough year for restaurants, the 2026 outlook remains mixed, with temporary tailwinds from tax refunds as well as favorable weather. That being said, the analyst also believes that slowing job growth, consumer confidence, and commodity inflation are some of the headwinds.

Chipotle Mexican Grill, Inc. (NYSE:CMG) owns and operates Chipotle Mexican Grill restaurants.

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Disclosure: None. This article is originally published at Insider Monkey.