"Chipotle's Stock Split Sends Shares Soaring: Is It Still a Buy at All-Time Highs?"

A Wall Street analyst raised her price target on Chipotle stock to $3,300, citing strong pricing power and consistent increases in customer visits as factors that will continue to drive share outperformance. Chipotle's plans for a 50-for-1 stock split and its impressive financial performance, including revenue growth of 14% to $9.9 billion in 2023, have contributed to its stock's gains of roughly 12,600% since its IPO in 2006. While the stock is not cheap at just over 8 times sales, the analyst believes that a premium is warranted due to Chipotle's long-term growth outlook.