
Churchill Downs (CHDN) Stock Forecast & Price Target
Churchill Downs (CHDN) Analyst Ratings
Bulls say
Churchill Downs Inc. has demonstrated significant financial growth, particularly in its Live and Historical Racing segment, with EBITDA increasing by 25% year-over-year to $116 million, driven by substantial contributions from both Kentucky and Virginia historical racing machines. Despite a slight decline in revenue from the Derby, the overall upward trend of the Kentucky and Virginia HRM venues reflects the company's resilience and potential for continued growth. Additionally, Churchill Downs is pursuing key expansion projects and returning capital to shareholders through share repurchases, indicating a strong position for profit growth amidst potential economic risks, underpinned by a stable earnings stream.
Bears say
Churchill Downs Inc. has demonstrated weak price momentum, indicating that the stock has experienced poor medium to long-term returns that are likely to continue. Furthermore, the Gaming segment reported stagnant EBITDA of $123 million year-over-year, which raises concerns about its growth potential. Although Wagering Services saw an 8% EBITDA increase, the overall financial performance suggests vulnerabilities that could negatively impact the company’s stock outlook.
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
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