
Churchill Downs (CHDN) Stock Forecast & Price Target
Churchill Downs (CHDN) Analyst Ratings
Bulls say
Churchill Downs Inc. reported a robust 25% year-over-year growth in Live and Historical Racing EBITDA, reaching $116 million, attributed to substantial increases from both Kentucky and Virginia historical racing machines. Despite a slight decline from the Derby, the overall segment demonstrated resilience with a 6% EBITDA growth year-over-year, supported by ongoing expansion projects and increased value from key assets. Furthermore, the company’s favorable performance in the third quarter, highlighted by a 20% return on investment from recent projects and a strategic share repurchase, positions Churchill Downs well for profit growth and capital returns, reinforcing a positive outlook based on quality earnings stability.
Bears say
Churchill Downs Inc. is facing a negative outlook primarily due to weak price momentum, reflecting poor medium- to long-term returns that may continue to impact the stock negatively. Additionally, despite an 8% year-over-year growth in the Wagering Services segment's EBITDA, the Gaming segment's EBITDA remained flat at $123 million, suggesting stagnation in a crucial area of the business. This combination of weak momentum indicators and lack of growth in key revenue-generating segments raises concerns about the company’s overall financial health and future 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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