
Churchill Downs (CHDN) Stock Forecast & Price Target
Churchill Downs (CHDN) Analyst Ratings
Bulls say
Churchill Downs Inc. demonstrated significant growth in its Live and Historical Racing segment, reporting a 25% year-over-year increase in EBITDA, reaching $116 million, largely driven by higher revenues from Kentucky and Virginia Historical Racing Machines (HRMs). Despite a slight decline in the Derby's performance, this segment continues to benefit from strong trends in HRM venues, reflecting positive underlying consumer engagement. The company's strategic expansion projects and favorable investment returns from initiatives like the Derby project position it well for continued profit growth, complemented by a commitment to shareholder returns through stock repurchases.
Bears say
Churchill Downs Inc. is experiencing challenges reflected in its weak Price Momentum, suggesting that the stock has exhibited poor medium to long-term returns that may continue into the future. Additionally, the Gaming segment's EBITDA remained flat year-over-year at $123 million, indicating stagnant performance in a critical revenue area. While the Wagering Services segment saw an 8% growth in EBITDA, primarily driven by the Exacta platform, this positive trend is not sufficiently offsetting the overall issues faced by the company's core gaming operations.
This aggregate rating is based on analysts' research of Churchill Downs and is not a guaranteed prediction by Public.com or investment advice.
Churchill Downs (CHDN) Analyst Forecast & Price Prediction
Start investing in Churchill Downs (CHDN)
Order type
Buy in
Order amount
Est. shares
0 shares