Susquehanna has revised its price target for Churchill Downs (CHDN, Financial), reducing it to $136 from the previous $150. Despite the adjustment, the firm maintains a Positive rating on the company's shares.
This alteration in the price target comes after an evaluation of Churchill Downs' performance against recent state results in Virginia, which prompted a downward revision of the firm's first-quarter estimates. Furthermore, projections for the second and third quarters have been moderated due to negative impacts from the company's exposure to regions affected by tariffs and disruptions linked to DOGE.
These adjustments reflect Susquehanna's cautious outlook amid ongoing regional challenges that could influence Churchill Downs' financial performance in the coming months.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Churchill Downs Inc (CHDN, Financial) is $148.70 with a high estimate of $172.00 and a low estimate of $125.00. The average target implies an upside of 48.70% from the current price of $100.00. More detailed estimate data can be found on the Churchill Downs Inc (CHDN) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Churchill Downs Inc's (CHDN, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Churchill Downs Inc (CHDN, Financial) in one year is $173.83, suggesting a upside of 73.83% from the current price of $100. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Churchill Downs Inc (CHDN) Summary page.
