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Analysts Offer Insights on Services Companies: Chipotle (CMG) and Driven Brands Holdings (DRVN)

There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Chipotle (CMGResearch Report) and Driven Brands Holdings (DRVNResearch Report) with bullish sentiments.

Chipotle (CMG)

Robert W. Baird analyst David Tarantino maintained a Buy rating on Chipotle on July 24 and set a price target of $1800.00. The company’s shares closed last Tuesday at $1316.43, close to its 52-week low of $1196.28.

According to TipRanks.com, Tarantino is a 5-star analyst with an average return of 7.0% and a 57.5% success rate. Tarantino covers the Services sector, focusing on stocks such as Restaurant Brands International, Cheesecake Factory, and BJ’s Restaurants.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Chipotle with a $1773.22 average price target, a 34.5% upside from current levels. In a report issued on July 14, Oppenheimer also maintained a Buy rating on the stock with a $1725.00 price target.

See the top stocks recommended by analysts >>

Driven Brands Holdings (DRVN)

Robert W. Baird analyst Peter Benedict reiterated a Buy rating on Driven Brands Holdings on July 25 and set a price target of $38.00. The company’s shares closed last Tuesday at $29.14.

According to TipRanks.com, Benedict is a 5-star analyst with an average return of 14.7% and a 66.5% success rate. Benedict covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, Bj’s Wholesale Club Holdings, and Williams-Sonoma.

Driven Brands Holdings has an analyst consensus of Strong Buy, with a price target consensus of $39.00, a 32.0% upside from current levels. In a report issued on July 14, Stifel Nicolaus also maintained a Buy rating on the stock with a $45.00 price target.

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