Churchill Downs Incorporated (NASDAQ:CHDN) ranks among the most undervalued NASDAQ stocks to buy now. On September 16, JMP Securities reiterated its Market Outperform rating for Churchill Downs Incorporated (NASDAQ:CHDN) along with a price target of $142. The firm maintained its optimistic outlook for the racecourse and casino company, saying that Churchill Downs Incorporated (NASDAQ:CHDN) is currently trading at 9.4x 2027 expected EBITDA, which is lower than its long-term average of 11.7x. JMP identifie ...