Bullish Case: Robust demand for Kentucky Derby tickets, expansion plans, and a strategic SAP partnership imply potential growth for CHDN ahead of Derby events.


Bearish Case: Safety concerns persist, risking attendance and revenue; high price to book ratio indicates potential overvaluation and downside risk.


Potential Outcomes: Expansion and Derby success (60%); safety issues impact brand, attendance (35%); stricter safety regulations raise costs (5%).


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March 29, 2024


Churchill Downs Forecast

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






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