Analysts See 10% Gains Ahead For JMEE

Written by Emily J. Thompson, Senior Investment Analyst

CHDN-0.6%

JMEE-0.19%

ANF-2.57%

Source: NASDAQ.COM

Updated: Jul 07 2025

0mins

Source: NASDAQ.COM

ETF Analysis: The JPMorgan Market Expansion Enhanced Equity ETF (JMEE) has an implied analyst target price of $67.17, indicating a potential upside of 10.14% from its current trading price of $60.99.
Stock Performance Insights: Notable underlying holdings such as Churchill Downs, American Airlines, and Abercrombie & Fitch show significant upside potential based on analyst targets, raising questions about the validity of these projections amidst market conditions.

CHDN

$102.26+Infinity%1D

Analyst Views on CHDN

Wall Street analysts forecast CHDN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CHDN is 127.51 USD with a low forecast of 103.68 USD and a high forecast of 145.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

9 Analyst Rating

9 Buy

0 Hold

0 Sell

Strong Buy

Current: 102.880

Low

103.68

Averages

127.51

High

145.00

Current: 102.880

Low

103.68

Averages

127.51

High

145.00

JPMorgan

Overweight

maintain

$130 -> $131

2026-01-23

New

Reason

JPMorgan

Price Target

$130 -> $131

AI Analysis

2026-01-23

New

maintain

Overweight

Reason

JPMorgan raised the firm's price target on Churchill Downs to $131 from $130 and keeps an Overweight rating on the shares. The firm adjusted targets in the gaming space as part of a Q4 earnings preview. Gaming stocks "are carrying a lot of baggage and negativity," so investors should be selective, the analyst tells investors in a research note. JPMorgan believes digital is the segment with the greatest opportunity for earnings beats.

BofA

Buy

maintain

$120 -> $125

2026-01-05

Reason

BofA

Price Target

$120 -> $125

2026-01-05

maintain

Buy

Reason

BofA raised the firm's price target on Churchill Downs to $125 from $120 and keeps a Buy rating on the shares. The Gaming and Lodging group "appears to be at a crossroads" to start 2026 as the year offers easy comps, OBBB refunds and stimulus, but also still has a stretched consumer after years of inflation, the analyst tells investors. Negative estimate revisions trumped low valuations in 2024 and 2025 and the firm is "fearful this continues in 2026," the analyst added in a note on the group.

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Wells Fargo

Overweight

upgrade

$115 -> $125

2026-01-05

Reason

Wells Fargo

Price Target

$115 -> $125

2026-01-05

upgrade

Overweight

Reason

Wells Fargo raised the firm's price target on Churchill Downs to $125 from $115 and keeps an Overweight rating on the shares. The firm added Churchill Downs to the firm's Q1 2026 Tactical Ideas List. Wells expects Q1 results to be a positive catalyst to Churchill's shares given solid quarter-to-date monthly trends, easy Derby comps and a cheap valuation even after the recent rally in shares.

Jefferies

David Katz

Buy

maintain

$125 -> $145

2025-12-24

Reason

Jefferies

David Katz

Price Target

$125 -> $145

2025-12-24

maintain

Buy

Reason

Jefferies analyst David Katz raised the firm's price target on Churchill Downs to $145 from $125 and keeps a Buy rating on the shares. Churchill Downs laps an easy Derby comparison and should benefit from the gradual ramp of The Rose and Henrico properties, Jefferies told investors in a research note. With same-store growth very limited, the firm believes upside opportunities are best in internal and new market capital growth. Jefferies updated FY26 estimates and launched FY27 estimates, which the firm said "substantiate" its upside cases for these Buy-rated names.

About CHDN

Churchill Downs Incorporated is a racing, online wagering and gaming entertainment company, which is anchored by its flagship event, the Kentucky Derby. The Company operates through three reportable segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing at Churchill Downs Racetrack and its historical racing properties in Kentucky, Virginia and New Hampshire. The Wagering Services and Solutions segment includes TwinSpires, which is a retail and online sports betting business; United Tote Company, which manufactures and operates pari-mutuel wagering systems for racetracks, off-track betting facilities (OTBs), and other pari-mutuel wagering businesses; and Exacta Systems, LLC that provides central determinant system technology in historical racing machine (HRMs) across the country. The Gaming segment is engaged in the casino properties and associated racetrack facilities.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.