CHDN Forecast


Bullish Case: Expansion plans and newly revamped paddock enhance Churchill Downs' revenue potential. As the 150th Kentucky Derby approaches, increased ticket sales and strong historical returns support growth optimism.


Bearish Case: Persistent safety concerns and regulatory scrutiny could tarnish Churchill Downs' reputation and dampen investor confidence, risking declines in attendance and potential revenue.


Potential Outcomes:

1. Success of Kentucky Derby boosts stock (60%).

2. Safety issues lead to public backlash, affecting revenue (30%).

3. Regulatory changes increase operational costs (10%).


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April 30, 2024


Churchill Downs Forecast

CHDN        Churchill Downs
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)











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