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Churchill Downs ( (CHDN) ) has provided an announcement.
On August 27, 2025, Churchill Downs Incorporated completed the acquisition of 90% of PPE Casino Resorts NH Holdings, LLC in Salem, New Hampshire for $180 million. This acquisition allows CDI to develop a charitable gaming, entertainment, and dining venue, with plans to expand and rebrand the facility, enhancing its market presence in the regional casino industry.
The most recent analyst rating on (CHDN) stock is a Buy with a $120.00 price target. To see the full list of analyst forecasts on Churchill Downs stock, see the CHDN Stock Forecast page.
Spark’s Take on CHDN Stock
According to Spark, TipRanks’ AI Analyst, CHDN is a Outperform.
Churchill Downs’ strong financial performance and positive earnings call are the most significant factors driving the score. The company’s strategic growth initiatives, including the Casino Salem acquisition, further bolster its outlook. While technical indicators suggest stable market sentiment, the high leverage poses a potential risk. Overall, the stock presents a solid investment opportunity with a balanced risk-reward profile.
To see Spark’s full report on CHDN stock, click here.
More about Churchill Downs
Churchill Downs Incorporated (CDI) is a company known for creating extraordinary entertainment experiences for over 150 years, most notably through the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI has expanded its operations to include live and historical racing entertainment venues, online wagering businesses, and regional casino gaming properties.
Average Trading Volume: 658,407
Technical Sentiment Signal: Sell
Current Market Cap: $7.28B
For a thorough assessment of CHDN stock, go to TipRanks’ Stock Analysis page.