We recently published a list of 10 Stocks Wall Street Is Calling Bullish Amid Market Turmoil. In this article, we are going to take a look at where Chipotle Mexican Grill, Inc. (NYSE:CMG) stands against other stocks that Wall Street is calling bullish amid market turmoil.
The S&P 500 is down 8.6% in a month while the Nasdaq has lost nearly 13%. Markets continue to scare retail investors as stock after stock struggles to deal with the aftermath of Donald Trump’s unpredictable and aggressive policies.
While it is advisable to stay out of the market till the dust settles, one also can’t deny that it is times like these that bring opportunities. We decided to come up with a list of stocks that are expected to go up even in the existing gloomy environment.
To come up with the list of 10 stocks that Wall Street is bullish on, we looked at stocks that were recently upgraded by analysts and have performed well in the last 5 days of trading.
A chef plating up a wide variety of dishes for a restaurant chain.
Chipotle Mexican Grill, Inc. (NYSE:CMG)
Chipotle Mexican Grill, Inc. (NYSE:CMG) is the operator and owner of Chipotle Mexican Grill restaurants. The company supplies a variety of food including burrito bowls, tacos, salads, burritos, quesadillas, and others. It also offers delivery and related services through its website and app.
Loop Capital just upgraded the stock from Hold to Buy assigning it a price target of $65, a 33% upside from current levels. While the business isn’t necessarily booming, the 17% year-to-date fall in the stock price has a lot to do with the upgrade.
In addition to the share price dip, there’s one metric that has attracted analysts’ attention. The company was able to maintain comparable traffic growth in 2024 despite an extremely challenging environment for the restaurant industry. Analyst estimates continue to factor in this challenging environment but CMG could surprise to the upside as soon as things ease out for the industry. Loop Capital doesn’t rule out a 7% to 8% upside surprise to the 2025 EPS estimate of $1.3.
Last month, Morgan Stanley also upgraded the stock citing the fundamental strength of the business that powers its bull thesis. While the stock price stays under the radar, CMG continues to be a good share to accumulate.
Overall, CMG ranks 9th on our list of stocks that Wall Street is calling bullish amid market turmoil. While we acknowledge the potential of CMG as a leading investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as CMG but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
