Wells Fargo sets USD 119.00 target for Churchill Downs stock

Published on 10/20/2026 at 20:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 980.00 million on June 30, 2026. Churchill Downs stock costs EUR 73.75 on October 20, 2026 at 8:13 p.m. CEST.

Analyst target and results date

Wells Fargo analyst Trey Bowers assigned a USD 119.00 target on October 19, 2026.
Second-quarter revenue reached USD 980.00 million for the period ended June 30, 2026.
Churchill Downs stock costs EUR 73.75 at Lang & Schwarz on October 20, 2026 at 8:13 p.m. CEST.
Third-quarter results are scheduled for October 28, 2026.

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Wells Fargo analyst Trey Bowers assigned a Buy rating and a USD 119.00 price target to Churchill Downs on October 19, 2026, as Markets Insider reported. Churchill Downs stock was trading at EUR 73.75 at Lang & Schwarz on October 20, 2026 at 8:13 p.m. CEST.

Revenue reached USD 980.00 million

Churchill Downs reported second-quarter revenue of USD 980.00 million for the period ended June 30, 2026, up 4.88 percent from USD 934.40 million a year earlier. Net income reached USD 241.00 million, compared with USD 216.90 million in the prior-year quarter, according to Markets Insider. The figures give the target a stronger operating backdrop than the share price alone suggests.

Stock remains below its yearly high

On Nasdaq, Churchill Downs was trading at USD 82.86 on October 20, 2026 at 2:19 p.m. ET. The stock's 52-week range stood at USD 73.08 to USD 118.35, while market capitalization was USD 5.8 billion and volume was 432,692 shares. The current USD price sits 30.00 percent below the 52-week high, calculated from the quoted values.

What matters before October results?

The stock had a price-to-earnings ratio of 14.24 and a dividend yield of 0.01 percent on October 20, 2026. Churchill Downs is scheduled to release third-quarter results after the market close on October 28, 2026, followed by a conference call on October 29, 2026 at 9:00 a.m. ET, according to StockTitan. The investor-relations calendar also lists the October 29 conference call, as Churchill Downs states.

Valuation ahead of the report

The USD 119.00 Wells Fargo target is 43.62 percent above the USD 82.86 Nasdaq price. That gap leaves the October results as the next concrete test for whether second-quarter growth can continue into the company's racing, gaming and online wagering operations.

Price and reporting dates

Churchill Downs stock was trading at EUR 73.75 at Lang & Schwarz on October 20, 2026 at 8:13 p.m. CEST. The Nasdaq quote was USD 82.86 at 2:19 p.m. ET on the same date, while the next results release is scheduled for October 28, 2026.

The further course of trading is shown by the continuously updated real-time quote of Churchill Downs stock.