Was talking to a friend the other day about whether Chipotle could go up to $2,000 as Cramer predicts.
I had seen Chipotle more along the lines of Dominos and McDonalds who are the leaders of fast-food in their respective food lanes. My argument was that, especially after Covid, more and more Mexican restaurant are offering takeout, and it’s not like it was before. Eventually – if it’s not already – a saturated market.
My friend compared Chipotle to Apple in that it is head and shoulders above it’s competition (even if some question it’s quality), and it has very few competitors. He thinks that they will continue to dominate the fast-food sector especially as they appeal to millennials and Gen Z.
So I’m curious if y’all see Chipotle getting to $2,000 in the near future. Is it behemoth that can’t be stopped? Or will it become McDonald’s and Dominos and start slipping to its competitors?
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