CHDN Price Prediction Next Week
Technical Analysis
Based on recent price action, CHDN shows a bullish reversal pattern with increasing volume. The stock has formed a higher low at $115.75 and broken above the short-term resistance at $120. The VWAP of $121.05 on Friday serves as immediate support.
News Impact Recent news indicates mixed sentiment:
- Negative: Minnesota sports betting bill failed to advance, potentially limiting CHDN's market expansion
- Positive: Strong Super Bowl betting numbers with New Jersey reporting 19% YoY growth in wagers
- Institutional view: Wells Fargo maintains Overweight rating with $165 price target, suggesting significant upside potential
Price Prediction for Next Week Based on technical indicators and news sentiment:
Target Prices:
- Support: $119.50
- Resistance: $124.60
- Most likely range: $120-125
The stock is expected to test the recent high of $124.63, with potential to break above if market sentiment remains positive. Volume patterns suggest accumulation phase.
Trading Recommendation: BUY Entry: Current price ($116.27) Initial target: $124.60 Stop loss: $115.50
The stock shows strong technical setup with institutional support and positive industry trends in sports betting, despite some regulatory headwinds. The risk-reward ratio favors a long position with defined stop loss.
CHDN Similar Chart Price Prediction
The price of CHDN is predicted to go up 39.56%, based on the high correlation periods with RTC. The similarity of these two price pattern on the periods is 96.44%.
CHDN
RTC
Up: 39.56%Similarity: 96.44%
CHDN Revenue Forecast
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CHDN Analyst's Forecast
Daniel Politzer
Wells Fargo
Buy
2025-02-21
Price Target
$165 → $158
Upside
+35.15%
Wells Fargo lowered the firm's price target on Churchill Downs to $158 from $165 and keeps an Overweight rating on the shares. The firm notes Q4 EBITDA was up 1% vs Wells its and Street's estimates, but the focus was the company's $900M Derby project pipeline that will come online in 2026-2028. Wells thinks this will drive material value over time, but recognizes investors wanting to see some of Churchill's newer projects ramp first.
Daniel Politzer
Wells Fargo
Buy
2025-02-10
Price Target
$168 → $165
Upside
+34.35%
Ben Chaiken
Mizuho
Buy
2024-10-22
Price Target
$157 → $151
Upside
+12.49%
