Topgolf Callaway Brands Corp

Topgolf Callaway Brands Corp Stock Forecast & Price Prediction

Live Topgolf Callaway Brands Corp Stock (MODG) Price
$8.57

0

Ratings

  • Buy 0
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$8.57

P/E Ratio

87.00

Volume Traded Today

$6.8M

Dividend

$0.01

52 Week High/low

16.89/8.54

Topgolf Callaway Brands Corp Market Cap

$1.76B

๐Ÿ›‘ Alert: These ten stocks could have higher potential than $MODG ๐Ÿ›‘

Before you buy MODG you'll want to see this list of ten stocks that have huge potential. Want to see if MODG made the cut? Enter your email below

MODG Summary

The Topgolf Callaway Brands Corp (MODG) share price is expected to increase by 82.61% over the next year. This is based on calculating the average 12-month share price estimate provided by 0 stock analysts who have covered MODG. Price targets range from $10 at the low end to $38 at the high end. The current analyst consensus for MODG is a sell. Please note analyst price targets are not guaranteed and could be missed completely.

MODG Analyst Ratings

About 0 Wall Street analysts have assignedMODG 0 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Topgolf Callaway Brands Corp to sell. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on MODG. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

MODG stock forecast by analyst

These are the latest 20 analyst ratings of MODG.

Analyst/Firm

Rating

Price Target

Change

Date

Eric Wold
B. Riley Securities

Neutral

$12

Downgrade

Oct 17, 2024
John Kernan
TD Cowen

Hold

$10

Maintains

Sep 17, 2024
Alexander Perry
B of A Securities

Neutral

$12

Maintains

Sep 12, 2024
Alexander Perry
B of A Securities

Neutral

$14

Maintains

Sep 5, 2024
George Kelly
Roth MKM

Buy

$17

Reiterates

Sep 5, 2024
Randal Konik
Jefferies

Hold

$12

Downgrade

Aug 29, 2024
Joseph Altobello
Raymond James

Underperform


Downgrade

Aug 23, 2024
Kate McShane
Goldman Sachs

Neutral

$14

Maintains

Aug 9, 2024
Alexander Perry
B of A Securities

Neutral

$13

Downgrade

Aug 8, 2024
Michael Swartz
Truist Securities

Buy

$16

Maintains

Aug 8, 2024
Megan Alexander
Morgan Stanley

Underweight

$10

Maintains

Aug 8, 2024
Joseph Altobello
Raymond James

Outperform

$14

Maintains

Aug 8, 2024
George Kelly
Roth MKM

Buy

$17

Reiterates

Aug 8, 2024
Noah Zatzkin
Keybanc

Sector Weight


Downgrade

Aug 8, 2024
John Kernan
TD Cowen

Hold

$13

Maintains

May 13, 2024
Eric Wold
B. Riley Securities

Buy

$21

Maintains

May 2, 2024
Michael Swartz
Truist Securities

Buy

$20

Maintains

Apr 29, 2024
Ivan Feinseth
Tigress Financial

Buy

$38

Maintains

Apr 12, 2024
Noah Zatzkin
Keybanc

Overweight

$18

Maintains

Feb 14, 2024
Joseph Altobello
Raymond James

Outperform

$16

Maintains

Jan 4, 2024

MODG Company Information

What They Do: Designs and sells golf equipment and apparel.

Business Model: The company generates revenue through multiple segments: the Topgolf segment operates venues with technology-enabled hitting bays and offers a digital golf game, while the Golf Equipment segment sells a wide range of golf clubs and balls. Additionally, the Active Lifestyle segment markets golf apparel, accessories, and outdoor gear under various brands, distributing products through multiple channels including retail stores, online platforms, and direct sales.

Other Information: Formerly known as Callaway Golf Company, the company rebranded to Topgolf Callaway Brands Corp. in September 2022. It operates internationally and has a strong presence in both physical retail and e-commerce, enhancing its reach to diverse customer segments.
MODG
Topgolf Callaway Brands Corp (MODG)

When did it IPO

2022

Staff Count

32,000

Country

United States

Sector/Industry

Consumer Cyclical/Leisure

CEO

Mr. Oliver G. Brewer III

Market Cap

$1.76B

Topgolf Callaway Brands Corp (MODG) Financial Data

In 2023, MODG generated $4.28B in revenue, which was a increase of 7.24% from the previous year. This can be seen as a signal that MODG'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

$1.59B

Revenue From 2021

$3.13B

97.13 %
From Previous Year

Revenue From 2022

$4.00B

27.52 %
From Previous Year

Revenue From 2023

$4.28B

7.24 %
From Previous Year
  • Revenue TTM $4.21B
  • Operating Margin TTM 3.3%
  • Gross profit TTM $2.65B
  • Return on assets TTM 1.3%
  • Return on equity TTM -0.3%
  • Profit Margin -0.3%
  • Book Value Per Share 21.41%
  • Market capitalisation $1.76B
  • Revenue for 2021 $3.13B
  • Revenue for 2022 $4.00B
  • Revenue for 2023 $4.28B
  • EPS this year (TTM) $0.11

Topgolf Callaway Brands Corp (MODG) Latest News

News Image

Tue, 12 Nov 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Topgolf Callaway Brands Corp (NYSE:MODG) will hold its Q3 2024 earnings conference call on November 12, 2024, at 5:00 PM ET, featuring key executives and analysts.

Why It Matters - The Q3 2024 earnings call provides insights into Topgolf Callaway's financial performance and strategic direction, which can influence stock valuation and investor sentiment.

News Image

Tue, 12 Nov 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - In Q3, consolidated revenues and adjusted EBITDA exceeded expectations. Callaway retained its #1 market share in U.S. golf clubs and achieved record market share in golf balls.

Why It Matters - Strong Q3 results and market leadership in golf clubs and balls indicate robust demand, potentially boosting stock performance and investor confidence in the company's growth trajectory.

News Image

Mon, 11 Nov 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

Summary - MODG's Q3 2024 results are expected to show effects from decreased consumer activity.

Why It Matters - Slowing consumer activity may lead to weaker financial performance for MODG, potentially affecting stock prices and investor sentiment.

News Image

Tue, 12 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Topgolf Callaway Brands (MODG) reported Q3 earnings of $0.02 per share, surpassing the Zacks estimate of a $0.18 loss, but down from $0.20 per share year-over-year.

Why It Matters - Topgolf Callaway's earnings beat expectations, indicating stronger performance than anticipated, which may boost investor confidence and positively impact stock price.

News Image

Tue, 12 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Topgolf Callaway (MODG) reported its revenue and EPS for Q3 2024, highlighting performance against Wall Street estimates and year-ago figures.

Why It Matters - Key metrics against Wall Street estimates and year-ago figures will influence investor perception of Topgolf Callaway's growth potential and overall financial health.

News Image

Mon, 11 Nov 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

Summary - Investors in the Leisure and Recreation Products sector may consider Topgolf Callaway Brands (MODG) and Sportradar Group AG (SRAD) for potential value opportunities.

Why It Matters - Comparing Topgolf Callaway Brands and Sportradar Group AG highlights potential investment opportunities in the Leisure and Recreation Products sector, influencing portfolio decisions.

...

MODG Frequently asked questions

The highest forecasted price for MODG is $38 from Ivan Feinseth at Tigress Financial.

The lowest forecasted price for MODG is $10 from Megan Alexander from Morgan Stanley

The MODG analyst ratings consensus are 0 buy ratings, 0 hold ratings, and 0 sell ratings.