
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 EBITDA for its Live and Historical Racing segment, reaching $116 million, primarily driven by increased revenues from Kentucky and Virginia Historical Racing Machines (HRMs). Despite a slight decline from the Derby, the upward trends in KY and VA HRM venues underscore the segment's resilience and potential for further growth, supported by strategic expansion projects and the strengthening of its flagship assets. Additionally, the company's strong third-quarter performance and a notable return on investment from the Derby project, combined with its share repurchase strategy, indicate a favorable outlook for profit growth and capital returns amidst potential consumer spending risks.
Bears say
Churchill Downs Inc. has been identified as having weak price momentum, suggesting a history of poor medium to long-term returns that may continue in the future. The company's Gaming segment posted an EBITDA of $123 million, which remained flat year-over-year, indicating potential stagnation in this core revenue stream. Although the Wagering Services segment demonstrated an 8% year-over-year EBITDA growth, the overall performance in the gaming arena raises concerns about sustained profitability and investor confidence.
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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