Churchill Downs (CHDN) Stock Forecast & Price Target

$138.78

-1.19 (-0.85%)

(As of 09/18/2024 ET)

Churchill Downs - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy
Based on 10 Analyst Ratings

Based on 10 Wall Street analysts who have issued ratings for Churchill Downs in the last 12 months, the stock has a consensus rating of "Buy." Out of the 10 analysts, 10 have given a buy rating for CHDN.

Consensus Price Target

$156.90
13.06% Upside

High Forecast	$166.00
Average Forecast	$156.90
Low Forecast	$138.00

According to the 10 analysts' twelve-month price targets for Churchill Downs, the average price target is $156.90. The highest price target for CHDN is $166.00, while the lowest price target for CHDN is $138.00. The average price target represents a forecasted upside of 13.06% from the current price of $138.78.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Buy	Buy	Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	10 Buy rating(s)	8 Buy rating(s)	5 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$156.90	$156.90	$145.25	$141.75
Forecasted Upside	13.06% Upside	16.86% Upside	17.54% Upside	19.72% Upside

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CHDN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CHDN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Churchill Downs Stock vs. The Competition

Type	Churchill Downs	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	3.00	2.55	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	13.06% Upside	1,163.47% Upside	7.94% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
8/12/2024	Bank of America 4 of 5 stars	Upgrade	Neutral ➝ Buy	$145.00 ➝ $155.00	+15.97%
7/26/2024	Macquarie 2 of 5 stars	Boost Target	Outperform ➝ Outperform	$154.00 ➝ $162.00	+13.53%
7/26/2024	JMP Securities 2 of 5 stars	Boost Target	Market Outperform ➝ Market Outperform	$158.00 ➝ $166.00	+16.43%
7/26/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$143.00 ➝ $157.00	+9.64%
7/26/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$165.00 ➝ $166.00	+20.32%
7/26/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$150.00 ➝ $161.00	+16.70%
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7/22/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$153.00 ➝ $160.00	+14.20%
7/11/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$153.00 ➝ $160.00	+14.74%
10/19/2023	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Positive ➝ Positive	$145.00 ➝ $138.00	+23.93%
10/12/2023	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$144.00	+26.66%
12/8/2022	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$121.50	+9.79%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:25 AM ET.

CHDN Forecast - Frequently Asked Questions

What is Churchill Downs' forecast for 2024?: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Churchill Downs is $156.90, with a high forecast of $166.00 and a low forecast of $138.00.
Should I buy or sell Churchill Downs stock right now?: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Churchill Downs in the last twelve months. There are currently 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CHDN shares.
Does Churchill Downs's stock price have much upside?: According to analysts, Churchill Downs's stock has a predicted upside of 16.86% based on their 12-month stock forecasts.
Has Churchill Downs been upgraded by Wall Street analysts recently?: Over the previous 90 days, Churchill Downs's stock had 1 upgrade by analysts.
What analysts cover Churchill Downs?: Churchill Downs has been rated by research analysts at Bank of America, Jefferies Financial Group, JMP Securities, Macquarie, Mizuho, Stifel Nicolaus, Truist Financial, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Churchill Downs more than its competitors?: Analysts like Churchill Downs more than other "consumer discretionary" companies. The consensus rating for Churchill Downs is Buy while the average consensus rating for "consumer discretionary" companies is Moderate Buy. Learn more on how CHDN compares to other companies.