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Analysts Are Bullish on These Consumer Cyclical Stocks: Chipotle (CMG), Tesla (TSLA)

Tipranks - Tue Jun 2, 12:12PM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Chipotle (CMG) and Tesla (TSLA) with bullish sentiments.

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Chipotle (CMG)

UBS analyst Dennis Geiger maintained a Buy rating on Chipotle today and set a price target of $45.00. The company’s shares closed last Monday at $30.85.

According to TipRanks.com, Geiger is a 3-star analyst with an average return of 1.1% and a 50.0% success rate. Geiger covers the NA sector, focusing on stocks such as Restaurant Brands International, Papa John’s International, and Brinker International. ;'>

Currently, the analyst consensus on Chipotle is a Strong Buy with an average price target of $44.13.

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Tesla (TSLA)

Bank of America Securities analyst Alexander Perry maintained a Buy rating on Tesla today. The company’s shares closed last Monday at $420.65.

According to TipRanks.com, Perry is a 1-star analyst with an average return of -1.0% and a 44.2% success rate. Perry covers the NA sector, focusing on stocks such as Penske Automotive Group, Magna International, and Group 1 Automotive. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Tesla with a $401.18 average price target, a -6.2% downside from current levels. In a report issued on May 17, TipRanks – PerPlexity also upgraded the stock to Buy with a $471.00 price target.

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