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Analysts Offer Insights on Consumer Cyclical Companies: Amazon (AMZN) and Chipotle (CMG)

Tipranks - Wed Aug 5, 3:34PM CDT

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

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Amazon (AMZN)

In a report released today, Justin Post from Bank of America Securities maintained a Buy rating on Amazon. The company’s shares closed last Tuesday at $277.42.

According to TipRanks.com, Post is a 5-star analyst with an average return of 22.1% and a 65.9% success rate. Post covers the NA sector, focusing on stocks such as Reddit Inc Class A, Alphabet Class A, and Alphabet Class C. ;'>

Amazon has an analyst consensus of Strong Buy, with a price target consensus of $333.20, which is a 20.7% upside from current levels. In a report issued on July 21, Jefferies also maintained a Buy rating on the stock with a $320.00 price target.

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Chipotle (CMG)

William Blair analyst Sharon Zackfia reiterated a Buy rating on Chipotle today. The company’s shares closed last Tuesday at $33.82.

According to TipRanks.com, Zackfia is a 4-star analyst with an average return of 3.5% and a 45.6% success rate. Zackfia covers the NA sector, focusing on stocks such as Birkenstock Holding plc, OneSpaWorld Holdings, and Lululemon Athletica. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Chipotle with a $44.73 average price target, which is a 19.4% upside from current levels. In a report issued on July 30, TipRanks – xAI also upgraded the stock to Buy with a $37.00 price target.

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