
Churchill Downs (CHDN) Stock Forecast & Price Target
Churchill Downs (CHDN) Analyst Ratings
Bulls say
Churchill Downs Inc. demonstrates a positive financial outlook due to its strategic investments in expansion projects, including the transformative $900 million CDRT expansion, which is expected to generate substantial long-term returns supported by favorable demographics. The company's performance metrics reflect strong earnings growth, with EBITDA for Wagering Services and Gaming surpassing consensus estimates, indicating effective management and operational efficiencies. Additionally, the implementation of the Infield General Admission Project aims to enhance guest experiences and revenue generation through upgraded facilities, highlighting Churchill Downs's commitment to fostering growth in its gaming and entertainment segments.
Bears say
Churchill Downs Inc. has encountered a negative outlook due to a 4% to 1% decline in EBITDA forecasts, leading to an 11% pullback in T7W share performance attributed primarily to slower-than-expected revenue growth from the newly opened $460 million Rosenewbuild. The company is facing various risks that could adversely impact its financial standing, including regulatory changes in skill game re-legalization, increasing competition, and a decline in horse racing viewership, among other macroeconomic concerns. Additionally, management has revised its projected property adjusted EBITDA for 2025 and 2026 downward from $65 million and $70 million to $40 million and $60 million, reflecting a cautious outlook amid ongoing cost challenges and poor early performance indicators.
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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