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.
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.
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 |
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
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
Revenue From 2021
Revenue From 2022
Revenue From 2023
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.
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.
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.
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.
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.
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.