Not a good buy right now for an impatient entry: momentum is still bearish (MACD worsening) and price is trading below/near key supports.
Oversold RSI (6-day ~9.96) can trigger a short-term bounce, but without a reversal confirmation this is more of a falling-knife setup than a clean buy.
Options positioning (OI put-heavy) and hedge-fund selling add to downside risk near-term.
Better buy trigger would be a reclaim of the pivot (99.25) / stabilization above S1 (94.97); as-is, the risk/reward is not attractive for immediate entry.
BofA (2026-01-05): PT $125 (from $120), Buy; cautious on consumer/negative revisions risk for the group.
Wells Fargo (2026-01-05): PT $125 (from $115), Overweight; added to Tactical Ideas List, expects Q1 catalyst and “cheap valuation.”
Jefferies (2025-12-24): PT $145 (from $125), Buy; expects benefits from easier comps and property ramp.
Pros (bull case per analysts): easier comps, potential quarterly catalyst, property ramp/expansion, valuation seen as attractive.
Cons (risk case even in bullish notes): gaming sector “baggage,” consumer stretch, and risk of continued negative estimate revisions.
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 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
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 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 Buy
0 Hold
0 Sell
Strong Buy
Current: 93.690
Low
103.68
Averages
127.51
High
145
Current: 93.690
Low
103.68
Averages
127.51
High
145
JPMorgan
Overweight
maintain
$130 -> $131
AI Analysis
2026-01-23
Reason
JPMorgan
Price Target
$130 -> $131
AI Analysis
2026-01-23
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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