Citizens cuts target for Churchill Downs stock to USD 131.00

Published on 10/17/2026 at 21:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due October 29, 2026. Churchill Downs stock was last at USD 81.70 on October 16, 2026, down 0.55 percent versus its prior close.

Target revision before results

Citizens set a USD 131.00 target on October 13, 2026.
Churchill Downs scheduled third-quarter results for October 29, 2026.
Churchill Downs stock was last at USD 81.70 on October 16, 2026, down 0.55 percent versus its prior close.
The company had a USD 5.7 billion market capitalization and a 14.04 price-to-earnings ratio.

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Citizens cut its price target for Churchill Downs from USD 137.00 to USD 131.00 on October 13, 2026, while keeping a Market Outperform rating, according to Investing.com. The revised target is 60.34 percent above the latest Nasdaq price. Churchill Downs stock was last at USD 81.70 on October 16, 2026 at 4:00 p.m. ET, down 0.55 percent versus its prior close.

What does the target imply?

The USD 131.00 target sits 60.34 percent above USD 81.70. Citizens based its valuation on 10.30 times estimated 2027 earnings before interest, taxes, depreciation and amortization, compared with 10.50 times previously, and on 11.50 times estimated free cash flow versus 11.30 times previously, according to Investing.com.

Stock sits in a wide range

Churchill Downs traded within a USD 73.08 to USD 118.35 52-week range. The latest price stood 11.80 percent above the low and 30.96 percent below the high. Trading volume was 669,669 shares, against an average of 1,106,459 shares.

Valuation and October 29

The company had a USD 5.7 billion market capitalization, a 14.04 price-to-earnings ratio and a 1.00 percent dividend yield on October 16, 2026. Its investor-relations calendar lists third-quarter results for October 29, 2026, according to Churchill Downs Incorporated. The company operates racing, online wagering and casino businesses, and its shares are listed on Nasdaq.

Comparison with peers

Churchill Downs: minus 0.55 percent, P/E 14.04, market capitalization USD 5.7 billion
PENN Entertainment (NYSE, USD): minus 1.78 percent, P/E minus 2.35, market capitalization USD 2.0 billion
Wynn Resorts (NASDAQ, USD): minus 1.78 percent, P/E 18.13, market capitalization USD 7.8 billion

Price and investor perspective

Churchill Downs stock was last at USD 81.70 on Nasdaq on October 16, 2026 at 4:00 p.m. ET. The next dated catalyst is the October 29, 2026 results release, while the latest analyst update combines a lower target with a retained positive rating.