The Callaway Golf Co (ELY) share price is expected to decrease by 100% over the next year. This is based on calculating the average 12-month share price estimate provided by 12 stock analysts who have covered ELY. Price targets range from $ at the low end to $ at the high end. The current analyst consensus for ELY is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
ELY is a stock in which has been forecasted to be worth $ as an average. On the higher end, the forecast price is $ USD by from Raymond James and on the lower end ELY is forecasted to be $ by from Raymond James.
These are the latest 20 analyst ratings of ELY.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Brett Andress Keybanc | Overweight | $30 | Maintains | May 12, 2022 |
Joseph Altobello Raymond James | Outperform | $36 | Maintains | May 11, 2022 |
Michael Swartz Truist Securities | Buy | $36 | Maintains | Apr 11, 2022 |
Goldman Sachs | Neutral | $31 | Maintains | Mar 7, 2022 |
Joseph Altobello Raymond James | Outperform | $35 | Maintains | Feb 11, 2022 |
Goldman Sachs | Neutral | Initiates | Dec 14, 2021 | |
B of A Securities | Buy | Initiates | Nov 16, 2021 | |
Brett Andress Keybanc | Overweight | $40 | Maintains | Nov 11, 2021 |
Joseph Altobello Raymond James | Outperform | $40 | Maintains | Nov 10, 2021 |
Compass Point | Buy | Upgrade | Oct 12, 2021 | |
George Kelly Roth Capital | Buy | $44 | Maintains | Aug 10, 2021 |
Joseph Altobello Raymond James | Outperform | $38 | Maintains | Aug 10, 2021 |
George Kelly Roth Capital | Buy | $41 | Maintains | May 20, 2021 |
Keybanc | Overweight | $36 | Maintains | May 11, 2021 |
Joseph Altobello Raymond James | Outperform | $37 | Maintains | May 11, 2021 |
George Kelly Roth Capital | Buy | $34 | Maintains | Apr 7, 2021 |
Brett Andress Keybanc | Overweight | $34 | Maintains | Feb 12, 2021 |
KeyBanc | Overweight | Maintains | Feb 12, 2021 | |
Joseph Altobello Raymond James | Outperform | $32 | Maintains | Feb 11, 2021 |
Raymond James | Outperform | $30 | Maintains | Jan 8, 2021 |
When did it IPO
1992
Staff Count
0
Country
United States
Sector/Industry
/
CEO
Market Cap
$1.70B
In 2023, ELY generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that ELY's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Callaway Golf has rebranded to Topgolf Callaway Brands and introduced a new ticker symbol.
Why It Matters - The rebranding to Topgolf Callaway Brands and a new ticker signify a strategic shift, potentially impacting market perception, investor sentiment, and stock performance.
Summary - Callaway Golf Co (NYSE: ELY) will rebrand itself as TopGolf Callaway Brands, reflecting its strategic focus on the TopGolf entertainment experience.
Why It Matters - The rebranding to TopGolf Callaway Brands signals a strategic focus on the growing entertainment segment, potentially enhancing revenue streams and market positioning.
Summary - Callaway Golf Company will change its name to Topgolf Callaway Brands Corp. and its ticker to MODG, highlighting its role in the Modern Golf ecosystem.
Why It Matters - The ticker change to MODG and rebranding to Topgolf Callaway Brands signals a strategic shift to capitalize on the growing modern golf market, potentially enhancing market position and investor interest.
Summary - A popular golf equipment brand is experiencing growth, indicating potential investment opportunities in the sector.
Why It Matters - A rising golf equipment brand indicates potential growth in sales and market share, suggesting strong investment opportunities and possible stock appreciation.
Summary - Investors often seek undervalued sectors and stocks. A common strategy is to focus on stocks that analysts favor, indicating potential for growth.
Why It Matters - Identifying undervalued stocks favored by analysts can lead to potential gains, as these investments may outperform the market when their true value is recognized.
Summary - Callaway Golf Company (NYSE: ELY) hosted its Q2 2022 earnings conference call on August 4, 2022, with executives including CEO Chip Brewer and CFO Brian Lynch participating.
Why It Matters - The earnings call provides insights into Callaway's financial performance, strategic direction, and market trends, influencing investor sentiment and stock valuation.