Churchill Downs (CHDN) Receives Upgrade to Buy: Reasons Explained
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 19 2025
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Source: NASDAQ.COM
Zacks Rank Upgrade: Churchill Downs (CHDN) has been upgraded to a Zacks Rank #2 (Buy) due to an upward trend in earnings estimates, indicating a positive outlook for the company's stock price.
Earnings Estimate Revisions: The Zacks Consensus Estimate for Churchill Downs has increased by 1.9% over the past three months, reflecting analysts' growing confidence in the company's earnings potential.
Correlation with Stock Movement: There is a strong correlation between earnings estimate revisions and near-term stock price movements, making the Zacks rating system a valuable tool for investors.
Market Position: The upgrade places Churchill Downs in the top 20% of Zacks-covered stocks, suggesting it is well-positioned for potential market-beating returns in the near future.
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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: 98.900
Low
103.68
Averages
127.51
High
145.00
Current: 98.900
Low
103.68
Averages
127.51
High
145.00
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.
Churchill Downs to Release Q4 and Full Year 2025 Financial Results on February 25, 2026
- Earnings Release Schedule: Churchill Downs Incorporated will announce its fourth quarter and full year 2025 financial results after market close on February 25, 2026, which is expected to provide investors with critical financial data and operational performance insights.
- Conference Call Discussion: The company will host a conference call on February 26, 2026, at 9 a.m. ET to discuss the financial results, aiming to enhance communication with investors and provide deeper financial analysis.
- Convenient Online Access: Investors can participate via an online real-time webcast or by registering in advance for the teleconference, ensuring timely information dissemination and increased investor engagement.
- Replay Availability: An online replay of the call will be available by noon ET on February 26, 2026, allowing investors who could not participate live to access important information, further enhancing transparency.
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