Chipotle's stock has rebounded from its recent slump, rising over 30% in 2024, although it remains down nearly 9% year-to-date. Analysts are cautious, with the current mean price target set at $59.12, indicating limited upside potential. The company has warned of lower same-store sales growth than previously expected, which has contributed to a tepid outlook among analysts, many of whom have issued 'neutral' ratings.

Despite the challenges, some analysts remain optimistic about Chipotle's growth potential, citing plans for significant expansion in North America. However, the company reported a negative same-store sales growth in the first quarter, reflecting economic uncertainties. Upcoming second-quarter results are anticipated to show a further decline in same-store sales, which could impact investor sentiment and stock performance.