
Churchill Downs (CHDN) Stock Forecast & Price Target
Churchill Downs (CHDN) Analyst Ratings
Bulls say
Churchill Downs Inc. has demonstrated robust financial performance, with Live and Historical Racing EBITDA increasing by 25% year-over-year to $116 million, primarily driven by growth in Kentucky and Virginia historical racing machines. Despite challenges in consumer spending, the company is well-positioned for future growth due to significant expansion projects and the potential to enhance the value of its key assets. Additionally, better-than-expected third-quarter results and a notable return on investment from the Derby project, coupled with a strategic share repurchase program, contribute to a positive outlook for sustained profitability and shareholder value.
Bears say
Churchill Downs Inc. faces a negative outlook due to persistent weakness in Price Momentum, suggesting that the stock has struggled to deliver medium to long-term returns, a trend that may continue. Additionally, while the Wagering Services segment showed an 8% year-over-year growth in EBITDA, the Gaming segment's EBITDA remained flat at $123 million, indicating stagnation in a critical area of its operations. This combination of weak price performance and flat revenue growth in the Gaming segment raises concerns about the company's future financial prospects.
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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