Churchill Downs (CHDN) Stock Forecast, Price Target & Predictions
CHDN Stock Forecast
Churchill Downs stock forecast is as follows: an average price target of $144.84 (represents a 4.40% upside from CHDN’s last price of $138.74) 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 $144.84 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 4.40% upside from CHDN's last price of $138.74.
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 |
|---|---|---|---|---|---|---|
| Oct 24, 2024 | Jeffrey Stantail | Stifel Nicolaus | $164.00 | $134.13 | 22.27% | 18.21% |
| Oct 22, 2024 | Ben Chaiken | Mizuho Securities | $151.00 | $135.49 | 11.45% | 8.84% |
| Aug 12, 2024 | Shaun Kelley | Bank of America Securities | $155.00 | $133.66 | 15.97% | 11.72% |
| Jul 29, 2024 | David Katz | Jefferies | $167.00 | $144.64 | 15.46% | 20.37% |
| Jul 26, 2024 | Ben Chaiken | Mizuho Securities | $157.00 | $140.68 | 11.60% | 13.16% |
| Jul 22, 2024 | Jeffrey Stantail | Stifel Nicolaus | $160.00 | $140.11 | 14.20% | 15.32% |
| Jul 18, 2024 | Barry Jonas | Truist Financial | $165.00 | $143.04 | 15.35% | 18.93% |
| Apr 15, 2024 | Daniel Politzer | Wells Fargo | $141.00 | $120.73 | 16.79% | 1.63% |
| Oct 03, 2023 | Jeffrey Stantial | Stifel Nicolaus | $148.00 | $114.61 | 29.14% | 6.67% |
| Aug 21, 2023 | Jordan Bender | JMP Securities | $155.00 | $124.03 | 24.97% | 11.72% |
The latest Churchill Downs stock forecast, released on Oct 24, 2024 by Jeffrey Stantail from Stifel Nicolaus, set a price target of $164.00, which represents a 22.27% increase from the stock price at the time of the forecast ($134.13), and a 18.21% increase from CHDN last price ($138.74).
Churchill Downs Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 2 | 8 |
| Avg Price Target | $157.50 | $157.50 | $157.50 |
| Last Closing Price | $138.74 | $138.74 | $138.74 |
| Upside/Downside | 13.52% | 13.52% | 13.52% |
In the current month, the average price target of Churchill Downs stock is $157.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 13.52% increase as opposed to Churchill Downs's last price of $138.74. This month's average price target is down 0.00% compared to last quarter, and down 0.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 14, 2024 | Truist Financial | Underperform | Underperform | Hold |
| Oct 14, 2024 | Wells Fargo | Market Outperform | Market Outperform | Hold |
| 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 | Wells Fargo | Market Outperform | Market Outperform | Hold |
| Jul 11, 2024 | JMP Securities | Underperform | Underperform | Hold |
| Jul 11, 2024 | Jefferies | Buy | Buy | Hold |
| Apr 15, 2024 | Wells Fargo | Market Outperform | Overweight | Upgrade |
Churchill Downs's last stock rating was published by Truist Financial on Oct 14, 2024. The company gave CHDN a "Underperform" rating, the same as its previous rate.
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 | Jun 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 | $582.50M | $364.10M | $364.80M | $393.00M | $515.10M | $324.30M | $278.20M | $337.80M | $185.10M | $252.90M | $280.60M | $306.30M |
| Avg Forecast | $699.28M | $721.11M | $998.12M | $688.06M | $673.76M | $691.78M | $957.75M | $661.78M | $619.92M | $628.36M | $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 | $722.66M | $745.22M | $1.03B | $711.07M | $696.29M | $714.92M | $989.78M | $672.59M | $651.99M | $631.35M | $858.59M | $567.42M | $565.74M | $574.50M | $819.21M | $554.55M | $489.41M | $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 |
| Low Forecast | $680.75M | $702.00M | $971.68M | $669.83M | $655.91M | $673.45M | $932.37M | $644.67M | $603.73M | $625.37M | $858.59M | $566.08M | $544.31M | $561.00M | $771.70M | $522.39M | $461.03M | $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 |
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 5 | 4 | 8 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 15 | 9 | 9 | 8 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 0.97% | 1.04% | 1.01% | 0.96% | 0.99% | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 5 | 4 | 8 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 15 | 9 | 9 | 8 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $194.60M | $225.60M | $199.50M | $119.70M | $139.50M | $269.10M | $116.20M | $101.60M | $136.90M | $200.40M | $97.90M | $65.80M | $100.40M | $-83.00M | $7.50M | $63.30M | $63.70M |
| Avg Forecast | $235.15M | $242.49M | $335.65M | $231.38M | $226.57M | $232.63M | $322.07M | $222.54M | $208.47M | $211.30M | $288.72M | $144.67M | $185.98M | $191.19M | $266.57M | $114.36M | $127.36M | $126.05M | $185.58M | $90.40M | $114.24M | $128.19M | $152.44M | $40.38M | $84.20M | $92.51M | $37.83M | $11.39M | $82.47M | $94.45M |
| High Forecast | $243.01M | $250.60M | $346.87M | $239.12M | $234.15M | $240.41M | $332.84M | $226.18M | $219.25M | $212.31M | $288.72M | $173.60M | $190.24M | $193.19M | $275.48M | $137.23M | $152.83M | $126.05M | $185.58M | $108.49M | $114.24M | $128.19M | $152.44M | $48.46M | $84.20M | $92.51M | $37.83M | $13.67M | $82.47M | $94.45M |
| Low Forecast | $228.92M | $236.07M | $326.75M | $225.25M | $220.57M | $226.47M | $313.54M | $216.79M | $203.02M | $210.30M | $288.72M | $115.73M | $183.04M | $188.65M | $259.51M | $91.49M | $101.88M | $126.05M | $185.58M | $72.32M | $114.24M | $128.19M | $152.44M | $32.31M | $84.20M | $92.51M | $37.83M | $9.11M | $82.47M | $94.45M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 0.85% | 1.74% | 0.94% | 1.11% | 1.45% | 1.29% | 0.89% | 1.07% | 1.31% | 2.42% | 0.78% | 1.09% | -2.19% | 0.66% | 0.77% | 0.67% |
8 analysts predict CHDN's average Quarter EBITDA for Dec 23 to be $185.98M, with a high of $190.24M and a low of $183.04M. This is -4.43% 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 5 | 4 | 8 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 15 | 9 | 9 | 8 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $61.00M | $255.40M | $155.70M | $1.00M | $57.00M | $339.30M | $42.10M | $43.30M | $61.40M | $108.30M | $36.10M | $17.10M | $43.20M | $-118.80M | $-23.40M | $4.00M | $14.80M |
| Avg Forecast | $110.10M | $112.10M | $271.41M | $107.29M | $93.26M | $94.03M | $242.80M | $90.15M | $69.06M | $71.83M | $202.16M | $57.30M | $51.02M | $62.56M | $184.38M | $45.29M | $54.28M | $52.33M | $144.75M | $35.80M | $40.90M | $54.88M | $96.63M | $14.89M | $-15.11M | $27.87M | $-20.33M | $-35.54M | $-2.24M | $19.73M |
| High Forecast | $114.89M | $116.97M | $283.21M | $111.95M | $97.31M | $98.11M | $253.35M | $101.59M | $83.76M | $72.69M | $202.16M | $68.75M | $60.77M | $66.19M | $192.40M | $54.35M | $65.13M | $52.33M | $144.75M | $42.97M | $40.90M | $54.88M | $96.63M | $17.87M | $-15.11M | $27.87M | $-20.33M | $-28.43M | $-2.24M | $19.73M |
| Low Forecast | $106.31M | $108.24M | $262.06M | $103.59M | $90.05M | $90.79M | $234.43M | $82.28M | $53.63M | $70.97M | $202.16M | $45.84M | $42.76M | $58.92M | $178.03M | $36.23M | $43.42M | $52.33M | $144.75M | $28.64M | $40.90M | $54.88M | $96.63M | $11.91M | $-15.11M | $27.87M | $-20.33M | $-42.65M | $-2.24M | $19.73M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 1.39% | 3.44% | 0.02% | 1.09% | 2.34% | 1.18% | 1.06% | 1.12% | 1.12% | 2.42% | -1.13% | 1.55% | 5.84% | 0.66% | -1.79% | 0.75% |
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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 5 | 4 | 8 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 15 | 9 | 9 | 8 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $50.20M | $48.10M | $52.30M | $51.50M | $38.40M | $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 | $64.37M | $66.38M | $91.89M | $63.34M | $62.03M | $63.68M | $88.17M | $60.92M | $57.07M | $57.85M | $79.04M | $48.86M | $50.91M | $52.34M | $72.97M | $38.62M | $48.64M | $36.82M | $54.21M | $30.53M | $33.37M | $37.45M | $44.53M | $12.46M | $24.59M | $27.02M | $11.05M | $36.60M | $24.09M | $27.59M |
| High Forecast | $66.53M | $68.60M | $94.96M | $65.46M | $64.10M | $65.81M | $91.12M | $61.92M | $60.02M | $58.12M | $79.04M | $58.63M | $52.08M | $52.89M | $75.41M | $46.35M | $58.36M | $36.82M | $54.21M | $36.64M | $33.37M | $37.45M | $44.53M | $14.95M | $24.59M | $27.02M | $11.05M | $43.92M | $24.09M | $27.59M |
| Low Forecast | $62.67M | $64.62M | $89.45M | $61.66M | $60.38M | $62.00M | $85.83M | $59.35M | $55.58M | $57.57M | $79.04M | $39.09M | $50.11M | $51.64M | $71.04M | $30.90M | $38.91M | $36.82M | $54.21M | $24.43M | $33.37M | $37.45M | $44.53M | $9.97M | $24.59M | $27.02M | $11.05M | $29.28M | $24.09M | $27.59M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | 0.66% | 1.35% | 1.06% | 1.04% | 0.71% | 1.18% | 1.16% | 0.96% | 0.75% | 2.42% | 1.20% | 1.44% | 2.03% | 0.66% | 1.35% | 1.25% |
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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 5 | 4 | 8 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 15 | 9 | 9 | 8 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.81 | $3.39 | $4.14 | $0.03 | $1.51 | $8.91 | $1.10 | $1.13 | $1.59 | $2.80 | $0.93 | $0.43 | $1.09 | $-3.01 | $-0.59 | $0.10 | $0.37 |
| Avg Forecast | $1.48 | $1.50 | $3.64 | $1.44 | $1.25 | $1.26 | $3.25 | $1.21 | $0.93 | $0.96 | $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 | $1.54 | $1.57 | $3.80 | $1.50 | $1.30 | $1.32 | $3.40 | $1.36 | $1.12 | $0.97 | $2.71 | $0.82 | $0.81 | $0.89 | $2.58 | $0.91 | $0.78 | $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 |
| Low Forecast | $1.43 | $1.45 | $3.51 | $1.39 | $1.21 | $1.22 | $3.14 | $1.10 | $0.72 | $0.95 | $2.71 | $0.80 | $0.57 | $0.79 | $2.39 | $0.84 | $0.72 | $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 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 1.37% | 4.77% | 0.04% | 2.15% | 4.59% | 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 | $10.27 | $19.50 | 89.87% | Buy |
| IGT | International Game | $18.97 | $28.29 | 49.13% | Buy |
| ACEL | Accel Entertainment | $11.42 | $14.75 | 29.16% | Buy |
| EVRI | Everi | $13.35 | $16.88 | 26.44% | Hold |
| LNW | Light & Wonder | $91.37 | $106.43 | 16.48% | Buy |
| AGS | PlayAGS | $11.71 | $13.17 | 12.47% | Buy |
| CHDN | Churchill Downs | $138.74 | $144.84 | 4.40% | Buy |
| NGMS | NeoGames | $29.45 | $29.50 | 0.17% | - |