
Churchill Downs (CHDN) Stock Forecast & Price Target
Churchill Downs (CHDN) Analyst Ratings
Bulls say
Churchill Downs Inc. (CHDN) demonstrated impressive financial performance, with Live and Historical Racing EBITDA increasing by 25% year-over-year to $116 million, significantly driven by growth in Kentucky and Virginia Historical Racing Machines (HRMs). Despite slight declines in traditional Derby revenues, the company's expansion projects and the strong projected ROI of around 20% from the Derby initiative position CHDN favorably for future profit growth and capital returns, evidenced by a 5% share repurchase last year. Additionally, the company's strong quality metrics suggest a likely stability in its underlying earnings stream, enhancing its overall investment appeal amidst potential consumer spending risks.
Bears say
Churchill Downs Inc. exhibits a concerning trend in its Price Momentum, which suggests weak performance in medium to long-term returns that may continue into the future. Additionally, while the Wagering Services/Solutions segment saw an 8% year-over-year EBITDA growth driven by Exacta, the Gaming segment's EBITDA remained static at $123 million year-over-year. This stagnation in the Gaming segment, coupled with poor momentum indicators, presents a challenging outlook for the company's overall 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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