Churchill Downs Receives 'Moderate Buy' Rating from Analysts

Analysts see potential in the entertainment and gaming company's diversified portfolio of racing, casinos, and online betting.

Mar. 21, 2026 at 9:21am

Shares of Churchill Downs, Incorporated (NASDAQ:CHDN) have earned a consensus recommendation of "Moderate Buy" from the twelve analysts currently covering the stock, according to Marketbeat. One analyst has rated the stock as a hold, while eleven have issued a buy rating, with an average 12-month price target of $135.

Why it matters

Churchill Downs is a leading player in the horse racing and gaming industry, operating the iconic Churchill Downs racetrack that hosts the annual Kentucky Derby. The company's diversified portfolio of live racing facilities, casinos, and online betting platforms has helped it weather industry challenges and maintain investor interest.

The details

Several brokerages have recently weighed in on Churchill Downs. Jefferies Financial Group reiterated a "buy" rating on the stock, while Citizens Jmp boosted their price target to $146 and maintained a "market outperform" rating. Citigroup also restated an "outperform" rating, though Wells Fargo & Company dropped their target price slightly to $124.

  • The analysts' consensus recommendation and price targets are based on the past 12 months of coverage.

The players

Churchill Downs, Incorporated

A leading American entertainment and gaming company best known for operating the Churchill Downs racetrack in Louisville, Kentucky, home of the annual Kentucky Derby.

Got photos? Submit your photos here. ›

What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

Churchill Downs' diversified business model and strong brand recognition continue to attract analyst interest, suggesting the company may be well-positioned to navigate industry challenges and capitalize on growth opportunities in the horse racing and gaming sectors.