On May 27, 2025, JMP Securities released an update on Churchill Downs (CHDN, Financial), maintaining its current "Market Outperform" rating on the stock. Despite this stable rating, the firm has adjusted its price target for CHDN, lowering it from $144.00 to $138.00.
This new price target represents a 4.17% decrease from the previous target. The adjustment comes as part of the continuous assessment of Churchill Downs' market performance by analyst Jordan Bender of JMP Securities. The updated target reflects recent market evaluations and future financial outlook considerations for CHDN.
The currency for the price target is in USD, and the stock continues to be listed on the NASDAQ exchange. Investors holding or considering equity in CHDN should note this revised price target as part of their investment strategy.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Churchill Downs Inc (CHDN, Financial) is $136.59 with a high estimate of $156.00 and a low estimate of $115.00. The average target implies an upside of 46.49% from the current price of $93.24. More detailed estimate data can be found on the Churchill Downs Inc (CHDN) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Churchill Downs Inc's (CHDN, Financial) average brokerage recommendation is currently 1.7, 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 $166.03, suggesting a upside of 78.07% from the current price of $93.24. 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.
