Churchill Downs (CHDN) Stock Forecast, Price Target & Predictions
CHDN Stock Forecast
Churchill Downs stock forecast is as follows: an average price target of $145.09 (represents a 3.30% upside from CHDN’s last price of $140.45) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.
CHDN Price Target
The average price target for Churchill Downs (CHDN) is $145.09 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $167.00 to $60.75. This represents a potential 3.30% upside from CHDN's last price of $140.45.
CHDN Analyst Ratings
According to 5 Wall Street analysts, Churchill Downs's rating consensus is 'Buy'. The analyst rating breakdown for CHDN stock is 0 'Strong Buy' (0.00%), 5 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Churchill Downs Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 12, 2024 | Shaun Kelley | Bank of America Securities | $155.00 | $133.66 | 15.97% | 10.36% |
| Jul 29, 2024 | David Katz | Jefferies | $167.00 | $144.64 | 15.46% | 18.90% |
| Jul 26, 2024 | Ben Chaiken | Mizuho Securities | $157.00 | $140.68 | 11.60% | 11.78% |
| Jul 22, 2024 | Jeffrey Stantail | Stifel Nicolaus | $160.00 | $140.11 | 14.20% | 13.92% |
| Jul 18, 2024 | Barry Jonas | Truist Financial | $165.00 | $143.04 | 15.35% | 17.48% |
| Apr 15, 2024 | Daniel Politzer | Wells Fargo | $141.00 | $120.73 | 16.79% | 0.39% |
| Oct 03, 2023 | Jeffrey Stantial | Stifel Nicolaus | $148.00 | $114.61 | 29.14% | 5.38% |
| Aug 21, 2023 | Jordan Bender | JMP Securities | $155.00 | $124.03 | 24.97% | 10.36% |
| Dec 14, 2022 | - | Wells Fargo | $65.00 | $56.39 | 15.27% | -53.72% |
| Dec 08, 2022 | - | J.P. Morgan | $60.75 | $55.36 | 9.74% | -56.75% |
The latest Churchill Downs stock forecast, released on Aug 12, 2024 by Shaun Kelley from Bank of America Securities, set a price target of $155.00, which represents a 15.97% increase from the stock price at the time of the forecast ($133.66), and a 10.36% increase from CHDN last price ($140.45).
Churchill Downs Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 5 | 7 |
| Avg Price Target | - | $160.80 | $156.14 |
| Last Closing Price | $140.45 | $140.45 | $140.45 |
| Upside/Downside | -100.00% | 14.49% | 11.17% |
In the current month, the average price target of Churchill Downs stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Churchill Downs's last price of $140.45. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 12, 2024 | Bank of America Securities | - | Buy | Upgrade |
| Jul 26, 2024 | Macquarie | Outperform | Outperform | Hold |
| Jul 17, 2024 | JMP Securities | Outperform | Outperform | Hold |
| Jul 16, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Jul 11, 2024 | JMP Securities | Underperform | Underperform | Hold |
| Jul 11, 2024 | Wells Fargo | Market Outperform | Market Outperform | Hold |
| Jul 11, 2024 | Jefferies | Buy | Buy | Hold |
| Apr 15, 2024 | Wells Fargo | Market Outperform | Overweight | Upgrade |
| Apr 09, 2024 | Mizuho Securities | Underperform | Underperform | Hold |
| Apr 09, 2024 | Wells Fargo | Market Outperform | Market Outperform | Hold |
Churchill Downs's last stock rating was published by Bank of America Securities on Aug 12, 2024. The company Upgrade its CHDN rating from "null" to "Buy".
Churchill Downs Financial Forecast
Churchill Downs Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $572.50M | $768.50M | $559.50M | $480.10M | $383.10M | - | $364.10M | $364.80M | $393.00M | $515.10M | $324.30M | $278.20M | $337.80M | $185.10M | $252.90M | $280.60M | $306.30M |
| Avg Forecast | $714.65M | $729.88M | $1.00B | $713.30M | $686.23M | $706.74M | $966.27M | $674.28M | $644.66M | $634.05M | $858.59M | $566.75M | $553.05M | $568.55M | $792.70M | $536.60M | $473.57M | $399.97M | $588.84M | $347.27M | $362.49M | $406.76M | $483.69M | $299.13M | $267.16M | $293.53M | $120.05M | $264.97M | $261.67M | $299.70M |
| High Forecast | $725.65M | $741.11M | $1.02B | $724.28M | $696.80M | $717.61M | $981.14M | $684.66M | $654.58M | $644.92M | $871.80M | $575.48M | $565.74M | $574.50M | $804.90M | $544.86M | $480.86M | $406.13M | $588.84M | $362.90M | $378.80M | $425.07M | $505.46M | $312.59M | $279.18M | $306.74M | $125.45M | $276.89M | $273.44M | $313.19M |
| Low Forecast | $698.77M | $713.66M | $981.41M | $697.45M | $670.99M | $691.03M | $944.80M | $659.30M | $630.33M | $618.49M | $839.51M | $554.16M | $544.31M | $561.00M | $775.09M | $524.68M | $463.05M | $391.08M | $588.84M | $337.35M | $352.13M | $395.14M | $469.87M | $290.59M | $259.53M | $285.15M | $116.62M | $257.40M | $254.19M | $291.14M |
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 8 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 6 | 6 | 10 | 10 | 10 | 10 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 0.97% | 1.04% | 1.01% | 0.96% | - | 1.05% | 1.01% | 0.97% | 1.06% | 1.08% | 1.04% | 1.15% | 1.54% | 0.95% | 1.07% | 1.02% |
Churchill Downs's average Quarter revenue forecast for Dec 23 based on 8 analysts is $553.05M, with a low forecast of $544.31M, and a high forecast of $565.74M. CHDN's average Quarter revenue forecast represents a -3.40% decrease compared to the company's last Quarter revenue of $572.50M (Sep 23).
Churchill Downs EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 8 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 6 | 6 | 10 | 10 | 10 | 10 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $194.60M | $225.60M | $199.50M | $119.70M | $139.50M | - | $116.20M | $101.60M | $136.90M | $200.40M | $97.90M | $65.80M | $100.40M | $-83.00M | $7.50M | $63.30M | $63.70M |
| Avg Forecast | $225.23M | $230.03M | $316.33M | $224.80M | $216.27M | $222.73M | $304.53M | $212.51M | $203.17M | $199.83M | $270.59M | $144.67M | $174.30M | $179.18M | $249.83M | $114.36M | $149.25M | $161.40M | $185.58M | $90.40M | $100.68M | $127.59M | $159.69M | $40.38M | $85.30M | $43.28M | $-86.02M | $11.39M | $82.47M | $58.70M |
| High Forecast | $228.69M | $233.57M | $321.20M | $228.26M | $219.60M | $226.16M | $309.22M | $215.78M | $206.30M | $203.25M | $274.75M | $173.60M | $178.30M | $181.06M | $253.67M | $137.23M | $151.55M | $193.68M | $185.58M | $108.49M | $120.81M | $153.10M | $191.63M | $48.46M | $102.36M | $51.94M | $-68.81M | $13.67M | $86.18M | $70.44M |
| Low Forecast | $220.22M | $224.91M | $309.30M | $219.81M | $211.47M | $217.78M | $297.76M | $207.78M | $198.65M | $194.92M | $264.58M | $115.73M | $171.54M | $176.80M | $244.27M | $91.49M | $145.93M | $129.12M | $185.58M | $72.32M | $80.54M | $102.07M | $127.75M | $32.31M | $68.24M | $34.62M | $-103.22M | $9.11M | $80.11M | $46.96M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 0.90% | 1.74% | 0.80% | 0.86% | - | 1.29% | 1.01% | 1.07% | 1.25% | 2.42% | 0.77% | 2.32% | 0.96% | 0.66% | 0.77% | 1.09% |
8 analysts predict CHDN's average Quarter EBITDA for Dec 23 to be $174.30M, with a high of $178.30M and a low of $171.54M. This is -10.43% lower than Churchill Downs's previous annual EBITDA (Sep 23) of $194.60M.
Churchill Downs Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 8 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 6 | 6 | 10 | 10 | 10 | 10 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $61.00M | $255.40M | $155.70M | $1.00M | $57.00M | - | $42.10M | $43.30M | $61.40M | $108.30M | $36.10M | $17.10M | $43.20M | $-118.80M | $-23.40M | $4.00M | $14.80M |
| Avg Forecast | $99.66M | $104.13M | $265.37M | $108.06M | $91.08M | $93.87M | $246.00M | $88.90M | $76.94M | $73.65M | $202.16M | $57.30M | $51.02M | $62.56M | $184.38M | $45.29M | $55.91M | $72.39M | $144.94M | $35.80M | $42.91M | $57.22M | $86.30M | $14.89M | $22.17M | $18.62M | $-123.12M | $-35.54M | $32.40M | $13.64M |
| High Forecast | $101.66M | $106.21M | $270.68M | $110.22M | $92.90M | $95.75M | $250.92M | $90.68M | $78.48M | $84.38M | $206.21M | $68.75M | $60.77M | $66.19M | $188.07M | $54.35M | $57.03M | $86.86M | $144.94M | $42.97M | $51.49M | $68.67M | $103.56M | $17.87M | $26.60M | $22.35M | $-98.50M | $-28.43M | $38.88M | $16.37M |
| Low Forecast | $96.78M | $101.12M | $257.71M | $104.94M | $88.45M | $91.16M | $238.89M | $86.33M | $74.71M | $62.92M | $196.32M | $45.84M | $42.76M | $58.92M | $179.06M | $36.23M | $54.30M | $57.91M | $144.94M | $28.64M | $34.33M | $45.78M | $69.04M | $11.91M | $17.73M | $14.90M | $-147.74M | $-42.65M | $25.92M | $10.91M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 1.39% | 3.44% | 0.02% | 0.79% | - | 1.18% | 1.01% | 1.07% | 1.25% | 2.42% | 0.77% | 2.32% | 0.96% | 0.66% | 0.12% | 1.09% |
Churchill Downs's average Quarter net income forecast for Dec 23 is $51.02M, with a range of $42.76M to $60.77M. CHDN's average Quarter net income forecast represents a -16.37% decrease compared to the company's last Quarter net income of $61.00M (Sep 23).
Churchill Downs SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 8 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 6 | 6 | 10 | 10 | 10 | 10 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $50.20M | $48.10M | $52.30M | $51.50M | $38.40M | - | $35.90M | $38.80M | $36.10M | $33.40M | $30.20M | $29.50M | $38.80M | $22.40M | $24.10M | $32.60M | $34.40M |
| Avg Forecast | $65.79M | $67.19M | $92.40M | $65.67M | $63.17M | $65.06M | $88.95M | $62.07M | $59.35M | $58.37M | $79.04M | $48.86M | $50.91M | $52.34M | $72.97M | $38.62M | $43.60M | $42.56M | $54.21M | $30.53M | $38.45M | $33.64M | $26.62M | $12.46M | $38.24M | $16.73M | $23.21M | $36.60M | $24.09M | $31.70M |
| High Forecast | $66.80M | $68.23M | $93.82M | $66.68M | $64.15M | $66.06M | $90.32M | $63.03M | $60.26M | $59.37M | $80.26M | $58.63M | $52.08M | $52.89M | $74.10M | $46.35M | $44.27M | $51.07M | $54.21M | $36.64M | $46.14M | $40.37M | $31.94M | $14.95M | $45.89M | $20.07M | $27.86M | $43.92M | $25.17M | $38.04M |
| Low Forecast | $64.33M | $65.70M | $90.35M | $64.21M | $61.77M | $63.61M | $86.98M | $60.69M | $58.03M | $56.94M | $77.28M | $39.09M | $50.11M | $51.64M | $71.35M | $30.90M | $42.63M | $34.05M | $54.21M | $24.43M | $30.76M | $26.92M | $21.29M | $9.97M | $30.59M | $13.38M | $18.57M | $29.28M | $23.40M | $25.36M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | 0.66% | 1.35% | 1.18% | 0.90% | - | 1.18% | 1.01% | 1.07% | 1.25% | 2.42% | 0.77% | 2.32% | 0.96% | 0.66% | 1.35% | 1.09% |
Churchill Downs's average Quarter SG&A projection for Dec 23 is $50.91M, based on 8 Wall Street analysts, with a range of $50.11M to $52.08M. The forecast indicates a 1.42% rise compared to CHDN last annual SG&A of $50.20M (Sep 23).
Churchill Downs EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 8 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 6 | 6 | 10 | 10 | 10 | 10 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.81 | $3.39 | $4.14 | $0.03 | $1.51 | - | $1.10 | $1.13 | $1.59 | $2.80 | $0.93 | $0.43 | $1.09 | $-3.01 | $-0.59 | $0.10 | $0.37 |
| Avg Forecast | $1.34 | $1.40 | $3.56 | $1.45 | $1.22 | $1.26 | $3.30 | $1.19 | $1.03 | $0.99 | $2.71 | $0.81 | $0.68 | $0.84 | $2.47 | $0.87 | $0.75 | $0.70 | $1.94 | $0.58 | $0.55 | $0.74 | $1.30 | $0.28 | $-0.20 | $0.37 | $-0.27 | $0.08 | $-0.03 | $0.26 |
| High Forecast | $1.36 | $1.42 | $3.63 | $1.48 | $1.25 | $1.28 | $3.36 | $1.22 | $1.05 | $1.13 | $2.76 | $0.82 | $0.81 | $0.89 | $2.52 | $0.88 | $0.76 | $0.72 | $1.94 | $0.61 | $0.58 | $0.78 | $1.37 | $0.30 | $-0.19 | $0.40 | $-0.26 | $0.08 | $-0.03 | $0.28 |
| Low Forecast | $1.30 | $1.36 | $3.45 | $1.41 | $1.19 | $1.22 | $3.20 | $1.16 | $1.00 | $0.84 | $2.63 | $0.78 | $0.57 | $0.79 | $2.40 | $0.84 | $0.73 | $0.68 | $1.94 | $0.56 | $0.53 | $0.71 | $1.25 | $0.27 | $-0.21 | $0.36 | $-0.29 | $0.08 | $-0.03 | $0.25 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 1.37% | 4.77% | 0.04% | 2.15% | - | 1.90% | 2.06% | 2.16% | 2.16% | 3.32% | -2.12% | 2.92% | 11.05% | -7.56% | -3.33% | 1.40% |
According to 8 Wall Street analysts, Churchill Downs's projected average Quarter EPS for Dec 23 is $0.68, with a low estimate of $0.57 and a high estimate of $0.81. This represents a -15.57% decrease compared to CHDN previous annual EPS of $0.81 (Sep 23).
Churchill Downs Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| INSE | Inspired Entertainment | $9.00 | $19.50 | 116.67% | Buy |
| IGT | International Game | $21.68 | $28.29 | 30.49% | Buy |
| EVRI | Everi | $13.14 | $16.88 | 28.46% | Hold |
| ACEL | Accel Entertainment | $11.65 | $14.75 | 26.61% | Buy |
| AGS | PlayAGS | $11.32 | $13.17 | 16.34% | Buy |
| CHDN | Churchill Downs | $140.45 | $145.09 | 3.30% | Buy |
| NGMS | NeoGames | $29.45 | $29.50 | 0.17% | - |
| LNW | Light & Wonder | $111.47 | $109.17 | -2.06% | Buy |
CHDN Forecast FAQ
Is Churchill Downs a good buy?
Yes, according to 5 Wall Street analysts, Churchill Downs (CHDN) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 100.00% of CHDN's total ratings.
What is CHDN's price target?
Churchill Downs (CHDN) average price target is $145.09 with a range of $60.75 to $167, implying a 3.30% from its last price of $140.45. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Churchill Downs stock go up soon?
According to Wall Street analysts' prediction for CHDN stock, the company can go up by 3.30% (from the last price of $140.45 to the average price target of $145.09), up by 18.90% based on the highest stock price target, and down by -56.75% based on the lowest stock price target.
Can Churchill Downs stock reach $200?
CHDN's average twelve months analyst stock price target of $145.09 does not support the claim that Churchill Downs can reach $200 in the near future.
What are Churchill Downs's analysts' financial forecasts?
Churchill Downs's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $3.03B (high $3.08B, low $2.97B), average EBITDA is $956.04M (high $970.75M, low $934.79M), average net income is $519.85M (high $530.25M, low $504.83M), average SG&A $279.26M (high $283.56M, low $273.05M), and average EPS is $6.97 (high $7.11, low $6.77). CHDN's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.16B (high $3.21B, low $3.09B), average EBITDA is $996.38M (high $1.01B, low $974.24M), average net income is $577.22M (high $588.77M, low $560.55M), average SG&A $291.05M (high $295.52M, low $284.58M), and average EPS is $7.74 (high $7.89, low $7.51).
Did the CHDN's actual financial results beat the analysts' financial forecasts?
Based on Churchill Downs's last annual report (Dec 2022), the company's revenue was $1.81B, beating the average analysts forecast of $1.81B by 0.01%. Apple's EBITDA was $680.9M, beating the average prediction of $586.63M by 16.07%. The company's net income was $439.4M, beating the average estimation of $309.05M by 42.18%. Apple's SG&A was $164.2M, missing the average forecast of $170.9M by -3.92%. Lastly, the company's EPS was $11.58, beating the average prediction of $3.97 by 191.62%. In terms of the last quarterly report (Sep 2023), Churchill Downs's revenue was $572.5M, beating the average analysts' forecast of $568.55M by 0.70%. The company's EBITDA was $194.6M, beating the average prediction of $179.18M by 8.60%. Churchill Downs's net income was $61M, missing the average estimation of $62.56M by -2.49%. The company's SG&A was $50.2M, missing the average forecast of $52.34M by -4.09%. Lastly, the company's EPS was $0.81, missing the average prediction of $0.839 by -3.41%