Chipotle Mexican Grill, Inc. (NYSE: CMG) is a Q3 stock to watch according to Jim Cramer. Despite being down 30% last quarter, Cramer sees potential for a comeback due to the company’s history of bouncing back after management improvements. The stock is currently undervalued but could be a decent reversal candidate.

Chipotle Mexican Grill, Inc. (NYSE: CMG) operates a chain of restaurants offering a variety of Mexican-inspired dishes. Cramer mentioned the company on September 10, expressing concerns about rising beef prices impacting Chipotle’s costs. Until cattle prices decrease, Cramer advises keeping an eye on the stock for potential opportunities.

While CMG shows promise as an investment, there are other AI stocks with greater upside potential and less risk. Investors looking for undervalued AI stocks that could benefit from current economic trends should consider exploring other options. For more information on potential investment opportunities, refer to the free report on the best short-term AI stock.

Disclosure: None. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: Jim Cramer Says “Chipotle Seems Like a Decent Reversal Candidate”