Truist analyst Barry Jonas has adjusted the price target for Churchill Downs (CHDN, Financial), reducing it from $162 to $155. Despite this revision, the firm maintains a Buy rating on the stock. This change reflects uncertainties related to tariffs, which have led to a reassessment of the firm's coverage and a reduced confidence in its estimates.
Despite the uncertainties, Truist continues to view the gaming sector as one of the most resilient and well-positioned sub-sectors within what is considered a mixed consumer environment. The adjustment in the price target aligns with these broader market conditions but reaffirms the potential of Churchill Downs amid ongoing market challenges.
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 $147.54 with a high estimate of $172.00 and a low estimate of $125.00. The average target implies an upside of 43.24% from the current price of $103.00. 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 68.77% from the current price of $103. 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.
