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Can Chipotle Stock Hit $2,000 in 2022?

TheMotleyFool

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While the rest of the industry took a major hit during the pandemic, Chipotle Mexican Grill (NYSE: CMG) was able to thrive. The popular Tex-Mex chain leaned heavily on its digital foundation to serve customers with mobile ordering for drive-thru and delivery. And now that in-store dining is back, management is optimistic that the long-term growth opportunity remains intact.

Yet, this top restaurant stock has started the new year already down 19% as the rest of the market takes a hit as well. So what's the outlook for Chipotle stock? Can it hit $2,000 in 2022?

Image source: Getty Images.

Source Fool.com

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