Chipotle Stock Soars 400% in 10 Years; Analyst Sees 18% More Upside on Pricing Power and Traffic Gains

• Chipotle stock has gained 12,600% since its IPO in 2006 and is up 400% over the past decade

• Deutsche Bank analyst Lauren Silberman raised her price target on Chipotle to $3,300 per share, seeing 18% more upside

• Silberman cited Chipotle's strong pricing power and increasing customer visits as ongoing strengths

• Chipotle recently announced plans for a 50-for-1 stock split, one of the biggest in NYSE history

• While not cheap, Chipotle deserves a premium valuation due to its long-term growth outlook, per the analyst