Stifel Reaffirms Buy on Churchill Downs, Cites Derby Strength and Growth Strategy

Churchill Downs Incorporated (NASDAQ:CHDN) ranks among the 30 stocks expected to beat the market by 20 percentage points this year. Stifel analysts upheld their Buy rating and maintained their price target for Churchill Downs Incorporated (NASDAQ:CHDN) at $130 on June 5. The decision comes after the company’s management provided insights into their strategic outlook to investors during a series of meetings at the annual Stifel Cross Sector Insight Conference.

Churchill Downs’ management highlighted a solid setting for the 152nd Kentucky Derby and voiced confidence in the event’s pricing power throughout the meetings. Expected returns on capital expenditures and an increase in NBC media rights back this optimism.

Although there was a sequential decrease in April as a result of an adverse calendar comparison, the company expects ongoing stable growth at The Rose Dumfries. Additionally, while project specifics may be changed to account for tariff and cost concerns, management is still dedicated to the Churchill Downs Racetrack’s growth and confident in overcoming return obstacles.

Churchill Downs Incorporated (NASDAQ:CHDN) is a gambling company that offers online betting, gaming, and racing. It is divided into three business divisions: live and historical racing, wagering services, and gaming.

While we acknowledge the potential of CHDN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.