
Churchill Downs (CHDN) Stock Forecast & Price Target
Churchill Downs (CHDN) Analyst Ratings
Bulls say
Churchill Downs Inc. demonstrated robust financial performance, with Live and Historical Racing EBITDA increasing by 25% year-over-year to $116 million, driven by significant contributions from Kentucky and Virginia historical racing machines. The company stands out in potentially challenging consumer spending conditions due to ongoing expansion projects and the promising return on investment from its Derby initiative, yielding approximately 20%. Furthermore, the company has repurchased 5% of its shares in the past year, reflecting a commitment to returning capital to shareholders, while its emphasis on quality indicates a stable earnings stream.
Bears say
The financial analysis of Churchill Downs Inc. reveals a concerning trend in its price momentum, indicating weak medium to long-term returns that may continue. Additionally, while the Wagering Services segment showed some growth with an 8% YoY increase in EBITDA, the overall Gaming EBITDA remained flat at $123 million, suggesting stagnation within that critical segment. The combination of weak price momentum and stagnant earnings in a core area may negatively impact investor sentiment and future stock performance.
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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