
Churchill Downs (CHDN) Stock Forecast & Price Target
Churchill Downs (CHDN) Analyst Ratings
Bulls say
Churchill Downs Inc. reported a significant growth in its Live and Historical Racing segment, with EBITDA increasing by 25% year-over-year to $116 million, driven by gains from Kentucky and Virginia historical racing machines. Despite facing potential risks to consumer spending, the company is poised for continued growth due to several key expansion projects and a favorable return on investment from its Derby initiative. Additionally, the company's commitment to returning capital to shareholders through share repurchases, combined with strong quality indicators, suggests a stable and potentially superior earnings stream going forward.
Bears say
The analysis indicates that Churchill Downs Inc. has exhibited weak medium to long-term price momentum, suggesting a continuation of poor performance in the stock's returns. Furthermore, the company's Gaming segment reported an EBITDA of $123 million, which remained flat year-over-year, signaling stagnation in this key revenue-generating area. Although the Wagering Services segment experienced an 8% EBITDA growth, this growth was modest, and overall financial enthusiasm may be dampened by the lack of significant progress in the Gaming sector.
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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