Chipotle stock gets a fresh target hike as Mizuho flags 2026 traffic test
Mizuho raised its Chipotle price target to $36 from $34, maintaining a neutral rating and trimming margin forecasts. The firm now expects 2026 same-store sales growth of 2.0%, up from 1.3%, and sees average check growth below 1%. Chipotle will report fourth-quarter and full-year results on February 3. Shares closed at $37.49 Friday, up 1.3%.