Beyond The Numbers: 4 Analysts Discuss Churchill Downs Stock
Portfolio Pulse from Benzinga Insights
Four analysts have recently provided their ratings on Churchill Downs (NASDAQ:CHDN), with a consensus leaning towards a somewhat bullish outlook. The average 12-month price target is set at $146.25, slightly down from the previous target. Analyst Jordan Bender from JMP Securities has maintained and raised his price target to $150, while Daniel Politzer from Wells Fargo has set a target of $137. Churchill Downs showcases strong financial performance with significant revenue growth, exceptional net margin, and impressive ROE and ROA, despite a high debt-to-equity ratio.
March 11, 2024 | 6:00 pm
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Churchill Downs receives a somewhat bullish outlook from analysts with a slight decrease in the average price target to $146.25. The company's strong financial performance is noted, despite concerns over its high debt-to-equity ratio.
The somewhat bullish consensus among analysts, combined with the company's strong financial indicators such as revenue growth, net margin, ROE, and ROA, suggests a positive short-term impact on CHDN's stock price. However, the high debt-to-equity ratio presents a cautionary note that might temper overly optimistic expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100