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Topgolf Callaway Brands (MODG) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

MODG Stock Forecast

Topgolf Callaway Brands stock forecast is as follows: an average price target of $12.00 (represents a 61.07% upside from MODG’s last price of $7.45) and a rating consensus of 'Hold', based on 9 wall street analysts offering a 1-year stock forecast.

MODG Price Target

The average price target for Topgolf Callaway Brands (MODG) is $12.00 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $12.00 to $12.00. This represents a potential 61.07% upside from MODG's last price of $7.45.

MODG Analyst Ratings

Hold

According to 9 Wall Street analysts, Topgolf Callaway Brands's rating consensus is 'Hold'. The analyst rating breakdown for MODG stock is 0 'Strong Buy' (0.00%), 4 'Buy' (44.44%), 5 'Hold' (55.56%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Topgolf Callaway Brands Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 17, 2024Eric WoldB.Riley Financial$12.00$10.8310.80%61.07%
Sep 12, 2024Alexander PerryBank of America Securities$12.00$9.2429.87%61.07%
Aug 29, 2024Randal KonikJefferies$12.00$10.5713.53%61.07%
May 09, 2024Kate McShaneGoldman Sachs$15.00$15.25-1.64%101.34%
May 09, 2024Zachary WarringCFRA$18.00$15.4616.43%141.61%
Apr 29, 2024Michael SwartzTruist Financial$20.00$15.8526.18%168.46%
May 12, 2022Brett AndressKeyBanc$30.00$20.8044.23%302.68%
Aug 10, 2021George KellyRoth Capital$44.00$31.7338.67%490.60%

The latest Topgolf Callaway Brands stock forecast, released on Oct 17, 2024 by Eric Wold from B.Riley Financial, set a price target of $12.00, which represents a 10.80% increase from the stock price at the time of the forecast ($10.83), and a 61.07% increase from MODG last price ($7.45).

Topgolf Callaway Brands Price Target by Period

1M3M12M
# Anlaysts-16
Avg Price Target-$12.00$14.83
Last Closing Price$7.45$7.45$7.45
Upside/Downside-100.00%61.07%99.06%

In the current month, the average price target of Topgolf Callaway Brands stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Topgolf Callaway Brands's last price of $7.45. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 13, 2024CFRABuyBuyHold
Oct 17, 2024Roth CapitalBuyBuyHold
Oct 17, 2024Raymond JamesUnderperformUnderperformHold
Oct 17, 2024B. RileyBuyNeutralDowngrade
Sep 17, 2024Cowen & Co.HoldHoldHold
Sep 05, 2024KeyBancSector WeightSector WeightHold
Aug 29, 2024JefferiesHoldDowngrade
Aug 23, 2024Raymond JamesUnderperformDowngrade
Aug 08, 2024KeyBancOverweightSector WeightDowngrade
May 09, 2024Goldman SachsNeutralNeutralHold
May 02, 2024Tigress FinancialUnderperformUnderperformHold
May 02, 2024Truist FinancialBuyBuyHold
May 02, 2024B. RileyBuyBuyHold
Oct 02, 2023B. Riley SecuritiesBuyBuyHold
Aug 09, 2023CFRABuyUpgrade
May 12, 2022KeyBancOverweightOverweightHold

Topgolf Callaway Brands's last stock rating was published by CFRA on Nov 13, 2024. The company gave MODG a "Buy" rating, the same as its previous rate.

Topgolf Callaway Brands Financial Forecast

Topgolf Callaway Brands Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$897.10M$1.04B$1.18B$1.17B$851.30M$988.50M$1.12B$1.04B$711.72M$856.46M$913.64M$651.62M$374.63M$475.56M$297.00M$442.28M$311.94M$426.22M
Avg Forecast$982.10M$1.12B$1.28B$1.23B$927.81M$1.05B$1.19B$1.17B$885.10M$981.84M$1.19B$1.16B$867.25M$1.05B$1.19B$1.14B$840.38M$944.80M$1.10B$1.02B$694.06M$845.60M$755.21M$562.99M$337.44M$445.62M$286.33M$459.19M$305.49M$420.43M
High Forecast$995.88M$1.14B$1.30B$1.25B$940.83M$1.07B$1.21B$1.19B$888.11M$995.92M$1.19B$1.16B$892.34M$1.07B$1.21B$1.15B$852.17M$944.80M$1.10B$1.02B$694.06M$845.60M$755.21M$562.99M$337.44M$445.62M$286.33M$459.19M$305.49M$420.43M
Low Forecast$959.89M$1.09B$1.25B$1.20B$906.83M$1.03B$1.16B$1.14B$880.39M$967.77M$1.19B$1.16B$856.19M$1.02B$1.16B$1.11B$821.38M$944.80M$1.10B$1.02B$694.06M$845.60M$755.21M$562.99M$337.44M$445.62M$286.33M$459.19M$305.49M$420.43M
# Analysts5454434894548129955556666999955
Surprise %------------1.03%0.99%0.99%1.03%1.01%1.05%1.02%1.02%1.03%1.01%1.21%1.16%1.11%1.07%1.04%0.96%1.02%1.01%

Topgolf Callaway Brands's average Quarter revenue forecast for Mar 24 based on 4 analysts is $1.16B, with a low forecast of $1.16B, and a high forecast of $1.16B. MODG's average Quarter revenue forecast represents a 28.93% increase compared to the company's last Quarter revenue of $897.10M (Dec 23).

Topgolf Callaway Brands EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434894548129955556666999955
EBITDA------------$22.40M$20.00M$71.30M$126.50M$19.30M$75.20M$189.60M$145.00M$-7.61M$123.42M$148.22M$357.99M$-23.84M$81.01M$-153.97M$56.26M$-12.99M$51.29M
Avg Forecast$107.97M$123.12M$140.88M$135.40M$102.01M$115.99M$130.77M$128.69M$97.31M$107.95M$130.96M$127.17M$95.35M$115.93M$130.92M$124.96M$92.39M$103.76M$120.49M$112.10M$76.22M$92.86M$82.94M$61.83M$37.06M$48.94M$31.45M$50.43M$33.55M$46.17M
High Forecast$109.49M$124.85M$142.86M$137.30M$103.44M$117.61M$132.60M$130.89M$97.64M$109.49M$130.96M$127.17M$98.11M$117.85M$132.75M$126.71M$93.69M$103.76M$120.49M$112.10M$76.22M$92.86M$82.94M$61.83M$37.06M$48.94M$31.45M$50.43M$33.55M$46.17M
Low Forecast$105.53M$120.34M$137.69M$132.34M$99.70M$113.36M$127.81M$125.39M$96.79M$106.40M$130.96M$127.17M$94.13M$112.37M$127.95M$122.13M$90.30M$103.76M$120.49M$112.10M$76.22M$92.86M$82.94M$61.83M$37.06M$48.94M$31.45M$50.43M$33.55M$46.17M
Surprise %------------0.23%0.17%0.54%1.01%0.21%0.72%1.57%1.29%-0.10%1.33%1.79%5.79%-0.64%1.66%-4.90%1.12%-0.39%1.11%

4 analysts predict MODG's average Quarter EBITDA for Mar 24 to be $127.17M, with a high of $127.17M and a low of $127.17M. This is 467.70% upper than Topgolf Callaway Brands's previous annual EBITDA (Dec 23) of $22.40M.

Topgolf Callaway Brands Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434894548129955556666999955
Net Income------------$-77.10M$29.70M$117.40M$25.00M$-72.70M$38.50M$105.40M$86.70M$-26.23M$-15.99M$91.74M$272.46M$-40.58M$52.43M$-167.68M$28.89M$-29.22M$31.05M
Avg Forecast$-11.03M$-1.84M$56.98M$27.57M$-48.71M$-8.09M$45.58M$13.60M$-74.35M$-31.57M$50.09M$2.84M$-60.89M$20.37M$62.51M$27.57M$-39.82M$30.14M$84.20M$44.74M$-60.08M$11.53M$1.77M$23.29M$-38.92M$62.10M$-7.10M$69.64M$-47.11M$48.10M
High Forecast$-10.70M$-1.78M$58.02M$28.07M$-47.28M$-7.85M$46.41M$27.20M$-42.75M$-30.64M$50.41M$2.89M$-36.90M$27.16M$63.65M$28.07M$-38.65M$30.14M$84.20M$44.74M$-60.08M$11.53M$1.77M$23.29M$-38.92M$62.10M$-7.10M$69.64M$-47.11M$48.10M
Low Forecast$-11.23M$-1.87M$55.30M$26.76M$-49.59M$-8.23M$44.24M$-8.16M$-89.23M$-32.14M$49.78M$2.76M$-71.96M$13.58M$60.67M$26.76M$-40.55M$30.14M$84.20M$44.74M$-60.08M$11.53M$1.77M$23.29M$-38.92M$62.10M$-7.10M$69.64M$-47.11M$48.10M
Surprise %------------1.27%1.46%1.88%0.91%1.83%1.28%1.25%1.94%0.44%-1.39%51.71%11.70%1.04%0.84%23.63%0.41%0.62%0.65%

Topgolf Callaway Brands's average Quarter net income forecast for Dec 23 is $-60.89M, with a range of $-71.96M to $-36.90M. MODG's average Quarter net income forecast represents a -305.02% decrease compared to the company's last Quarter net income of $29.70M (Sep 23).

Topgolf Callaway Brands SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434894548129955556666999955
SG&A------------$563.60M$242.50M$279.60M$268.50M$250.20M$512.30M$514.80M$473.50M$484.86M$433.58M$423.46M$239.32M$158.48M$127.08M$115.22M$141.75M$140.38M$138.36M
Avg Forecast$328.78M$374.91M$428.97M$412.30M$310.60M$353.17M$398.19M$391.86M$296.30M$328.69M$398.75M$387.21M$290.33M$353.00M$398.63M$380.49M$281.33M$370.89M$430.71M$400.70M$272.46M$331.95M$296.47M$221.01M$132.47M$174.93M$112.40M$180.26M$119.93M$165.05M
High Forecast$333.39M$380.17M$434.99M$418.09M$314.96M$358.12M$403.77M$398.56M$297.31M$333.40M$398.75M$387.21M$298.73M$358.84M$404.22M$385.83M$285.28M$370.89M$430.71M$400.70M$272.46M$331.95M$296.47M$221.01M$132.47M$174.93M$112.40M$180.26M$119.93M$165.05M
Low Forecast$321.34M$366.43M$419.27M$402.98M$303.58M$345.18M$389.18M$381.81M$294.73M$323.98M$398.75M$387.21M$286.62M$342.15M$389.62M$371.89M$274.97M$370.89M$430.71M$400.70M$272.46M$331.95M$296.47M$221.01M$132.47M$174.93M$112.40M$180.26M$119.93M$165.05M
Surprise %------------1.94%0.69%0.70%0.71%0.89%1.38%1.20%1.18%1.78%1.31%1.43%1.08%1.20%0.73%1.03%0.79%1.17%0.84%

Topgolf Callaway Brands's average Quarter SG&A projection for Mar 24 is $387.21M, based on 4 Wall Street analysts, with a range of $387.21M to $387.21M. The forecast indicates a -31.30% fall compared to MODG last annual SG&A of $563.60M (Dec 23).

Topgolf Callaway Brands EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434894548129955556666999955
EPS------------$-0.42$0.16$0.63$0.13$-0.39$0.21$0.57$0.47$-0.14$-0.09$0.50$2.32$-0.43$0.56$-1.78$0.31$-0.31$0.33
Avg Forecast$-0.06$-0.01$0.31$0.15$-0.27$-0.04$0.25$0.07$-0.40$-0.17$0.27$0.02$-0.33$0.11$0.34$0.15$-0.22$0.15$0.42$0.22$-0.30$0.06$0.01$0.12$-0.20$0.31$-0.04$0.35$-0.24$0.24
High Forecast$-0.06$-0.01$0.32$0.15$-0.26$-0.04$0.25$0.15$-0.23$-0.17$0.27$0.02$-0.20$0.15$0.35$0.15$-0.21$0.15$0.42$0.22$-0.30$0.06$0.01$0.12$-0.20$0.31$-0.04$0.35$-0.24$0.24
Low Forecast$-0.06$-0.01$0.30$0.15$-0.27$-0.04$0.24$-0.04$-0.49$-0.17$0.27$0.02$-0.39$0.07$0.33$0.15$-0.22$0.15$0.42$0.22$-0.30$0.06$0.01$0.12$-0.20$0.31$-0.04$0.35$-0.24$0.24
Surprise %------------1.27%1.44%1.85%0.87%1.80%1.39%1.35%2.10%0.47%-1.56%56.25%19.89%2.21%1.80%50.06%0.89%1.31%1.37%

According to 8 Wall Street analysts, Topgolf Callaway Brands's projected average Quarter EPS for Dec 23 is $-0.33, with a low estimate of $-0.39 and a high estimate of $-0.20. This represents a -307.06% decrease compared to MODG previous annual EPS of $0.16 (Sep 23).

Topgolf Callaway Brands Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
MODGTopgolf Callaway Brands$8.02$12.0049.63%Hold
BOWLBowlero$11.69$17.3348.25%Buy
LTHLife Time Group$23.40$27.3316.79%Hold
FUNSix Flags Entertainment$47.51$55.1716.12%Buy
YETIYETI$42.52$49.2515.83%Buy
MATMattel$18.66$21.3314.31%Buy
XPOFXponential Fitness$15.50$16.758.06%Buy
PLNTPlanet Fitness$101.83$80.88-20.57%Buy
GOLFAcushnet$73.30$52.67-28.14%Buy

MODG Forecast FAQ

Is Topgolf Callaway Brands a good buy?

No, according to 9 Wall Street analysts, Topgolf Callaway Brands (MODG) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 44.44% of MODG's total ratings.

What is MODG's price target?

Topgolf Callaway Brands (MODG) average price target is $12 with a range of $12 to $12, implying a 61.07% from its last price of $7.45. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Topgolf Callaway Brands stock go up soon?

According to Wall Street analysts' prediction for MODG stock, the company can go up by 61.07% (from the last price of $7.45 to the average price target of $12), up by 61.07% based on the highest stock price target, and up by 61.07% based on the lowest stock price target.

Can Topgolf Callaway Brands stock reach $11?

MODG's average twelve months analyst stock price target of $12 supports the claim that Topgolf Callaway Brands can reach $11 in the near future.

What are Topgolf Callaway Brands's analysts' financial forecasts?

Topgolf Callaway Brands's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $4.34B (high $4.41B, low $4.24B), average EBITDA is $477.45M (high $484.54M, low $466.26M), average net income is $2.39M (high $18.49M, low $-21.748M), average SG&A $1.45B (high $1.48B, low $1.42B), and average EPS is $0.013 (high $0.101, low $-0.118). MODG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $4.62B (high $4.68B, low $4.51B), average EBITDA is $507.38M (high $514.5M, low $495.91M), average net income is $71.68M (high $73.6M, low $68.96M), average SG&A $1.54B (high $1.57B, low $1.51B), and average EPS is $0.39 (high $0.4, low $0.375).

Did the MODG's actual financial results beat the analysts' financial forecasts?

Based on Topgolf Callaway Brands's last annual report (Dec 2023), the company's revenue was $4.28B, beating the average analysts forecast of $4.25B by 0.84%. Apple's EBITDA was $503.3M, beating the average prediction of $467.15M by 7.74%. The company's net income was $95M, beating the average estimation of $49.56M by 91.69%. Apple's SG&A was $2.29B, beating the average forecast of $1.42B by 60.91%. Lastly, the company's EPS was $0.47, beating the average prediction of $0.27 by 74.31%. In terms of the last quarterly report (Dec 2023), Topgolf Callaway Brands's revenue was $897.1M, beating the average analysts' forecast of $867.25M by 3.44%. The company's EBITDA was $22.4M, missing the average prediction of $95.35M by -76.51%. Topgolf Callaway Brands's net income was $-77.1M, beating the average estimation of $-60.891M by 26.62%. The company's SG&A was $563.6M, beating the average forecast of $290.33M by 94.13%. Lastly, the company's EPS was $-0.42, beating the average prediction of $-0.331 by 26.78%