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


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MODG Stock Forecast


Topgolf Callaway Brands stock forecast is as follows: an average price target of $20.38 (represents a 85.27% upside from MODG’s last price of $11.00) 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 $20.38 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $44.00 to $12.00. This represents a potential 85.27% upside from MODG's last price of $11.00.

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%9.09%
Sep 12, 2024Alexander PerryBank of America Securities$12.00$9.2429.87%9.09%
Aug 29, 2024Randal KonikJefferies$12.00$10.5713.53%9.09%
May 09, 2024Kate McShaneGoldman Sachs$15.00$15.25-1.64%36.36%
May 09, 2024Zachary WarringCFRA$18.00$15.4616.43%63.64%
Apr 29, 2024Michael SwartzTruist Financial$20.00$15.8526.18%81.82%
May 12, 2022Brett AndressKeyBanc$30.00$20.8044.23%172.73%
Aug 10, 2021George KellyRoth Capital$44.00$31.7338.67%300.00%
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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 9.09% increase from MODG last price ($11.00).

Topgolf Callaway Brands Price Target by Period


1M3M12M
# Anlaysts136
Avg Price Target$12.00$12.00$14.83
Last Closing Price$11.00$11.00$11.00
Upside/Downside9.09%9.09%34.82%

In the current month, the average price target of Topgolf Callaway Brands stock is $12.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 9.09% increase as opposed to Topgolf Callaway Brands's last price of $11.00. This month's average price target is down 0.00% compared to last quarter, and down -19.08% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Oct 17, 2024Roth CapitalBuyBuyHold
Oct 17, 2024Raymond JamesUnderperformUnderperformHold
Oct 17, 2024B. RileyBuyNeutralDowngrade
Sep 17, 2024Cowen & Co.HoldHoldHold
Sep 05, 2024KeyBancSector WeightSector WeightHold
Aug 29, 2024Jefferies-HoldDowngrade
Aug 23, 2024Raymond James-UnderperformDowngrade
Aug 08, 2024KeyBancOverweightSector WeightDowngrade
May 09, 2024Goldman SachsNeutralNeutralHold
May 02, 2024Truist FinancialBuyBuyHold
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Topgolf Callaway Brands's last stock rating was published by Roth Capital on Oct 17, 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 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 19Jun 19Mar 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$446.71M$516.20M
Avg Forecast$1.00B$1.05B$1.19B$1.18B$927.93M$982.70M$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$429.94M$504.07M
High Forecast$1.00B$1.05B$1.19B$1.18B$927.93M$1.00B$1.19B$1.16B$892.34M$1.07B$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$429.94M$504.07M
Low Forecast$1.00B$1.05B$1.19B$1.18B$927.93M$971.43M$1.19B$1.16B$856.19M$1.02B$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$429.94M$504.07M
# Analysts43744974812995555666699995555
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%1.04%1.02%

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 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 19Jun 19Mar 19
# Analysts43744974812995555666699995555
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$55.90M$76.01M
Avg Forecast$109.85M$115.80M$131.09M$129.41M$101.91M$107.92M$130.81M$127.02M$95.24M$115.80M$130.77M$124.82M$92.29M$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$47.22M$55.36M
High Forecast$109.85M$115.80M$131.09M$129.41M$101.91M$109.98M$130.81M$127.02M$98.00M$117.72M$130.77M$124.82M$92.29M$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$47.22M$55.36M
Low Forecast$109.85M$115.80M$131.09M$129.41M$101.91M$106.68M$130.81M$127.02M$94.03M$112.24M$130.77M$124.82M$92.29M$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$47.22M$55.36M
Surprise %--------0.24%0.17%0.55%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%1.18%1.37%

4 analysts predict MODG's average Quarter EBITDA for Mar 24 to be $127.02M, with a high of $127.02M and a low of $127.02M. This is 467.07% upper than Topgolf Callaway Brands's previous annual EBITDA (Dec 23) of $22.40M.

Topgolf Callaway Brands Net Income Forecast

Dec 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 19Jun 19Mar 19
# Analysts43744974812995555666699995555
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$28.93M$48.65M
Avg Forecast$-32.48M$-8.98M$51.99M$18.41M$-38.02M$-34.64M$54.40M$3.08M$-66.13M$22.12M$67.88M$29.94M$-43.25M$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$50.07M$94.36M
High Forecast$-32.48M$-8.98M$51.99M$18.41M$-38.02M$-13.47M$54.74M$3.08M$-40.08M$29.49M$67.88M$29.94M$-43.25M$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$50.07M$94.36M
Low Forecast$-32.48M$-8.98M$51.99M$18.41M$-38.02M$-48.12M$54.06M$3.08M$-78.15M$14.75M$67.88M$29.94M$-43.25M$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$50.07M$94.36M
Surprise %--------1.17%1.34%1.73%0.84%1.68%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%0.58%0.52%

Topgolf Callaway Brands's average Quarter net income forecast for Dec 23 is $-66.13M, with a range of $-78.15M to $-40.08M. MODG's average Quarter net income forecast represents a -322.64% decrease compared to the company's last Quarter net income of $29.70M (Sep 23).

Topgolf Callaway Brands SG&A Forecast

Dec 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 19Jun 19Mar 19
# Analysts43744974812995555666699995555
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$148.54M$156.26M
Avg Forecast$392.67M$413.93M$468.58M$462.58M$364.27M$385.77M$467.60M$454.06M$340.45M$413.94M$467.45M$446.18M$329.90M$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$168.78M$197.88M
High Forecast$392.67M$413.93M$468.58M$462.58M$364.27M$393.14M$467.60M$454.06M$350.30M$420.79M$467.45M$446.18M$329.90M$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$168.78M$197.88M
Low Forecast$392.67M$413.93M$468.58M$462.58M$364.27M$381.35M$467.60M$454.06M$336.11M$401.22M$467.45M$446.18M$329.90M$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$168.78M$197.88M
Surprise %--------1.66%0.59%0.60%0.60%0.76%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%0.88%0.79%

Topgolf Callaway Brands's average Quarter SG&A projection for Mar 24 is $454.06M, based on 4 Wall Street analysts, with a range of $454.06M to $454.06M. The forecast indicates a -19.44% fall compared to MODG last annual SG&A of $563.60M (Dec 23).

Topgolf Callaway Brands EPS Forecast

Dec 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 19Jun 19Mar 19
# Analysts43744974812995555666699995555
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$0.31$0.51
Avg Forecast$-0.16$-0.04$0.26$0.09$-0.19$-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$0.25$0.47
High Forecast$-0.16$-0.04$0.26$0.09$-0.19$-0.07$0.27$0.02$-0.20$0.15$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$0.25$0.47
Low Forecast$-0.16$-0.04$0.26$0.09$-0.19$-0.24$0.27$0.02$-0.39$0.07$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$0.25$0.47
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%1.24%1.08%

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
XPOFXponential Fitness$12.08$25.27109.19%Buy
MODGTopgolf Callaway Brands$11.00$20.3885.27%Hold
YETIYETI$39.53$71.2580.24%Buy
MATMattel$18.64$27.0044.85%Buy
BOWLBowlero$12.55$17.2537.45%Buy
FUNSix Flags Entertainment$40.34$54.5535.23%Buy
SEASUnited Parks & Resorts$50.30$64.5028.23%Buy
SIXSix Flags Entertainment$32.00$39.0021.88%Buy
PLNTPlanet Fitness$78.75$85.258.25%Buy
LTHLife Time Group$25.23$24.43-3.17%Hold
GOLFAcushnet$64.53$52.67-18.38%Buy

MODG Forecast FAQ


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.

Topgolf Callaway Brands (MODG) average price target is $20.38 with a range of $12 to $44, implying a 85.27% from its last price of $11. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for MODG stock, the company can go up by 85.27% (from the last price of $11 to the average price target of $20.38), up by 300.00% based on the highest stock price target, and up by 9.09% based on the lowest stock price target.

MODG's average twelve months analyst stock price target of $20.38 supports the claim that Topgolf Callaway Brands can reach $20 in the near future.

1 Wall Street analyst forecast a $12 price target for Topgolf Callaway Brands (MODG) this month, up 9.09% from its last price of $11. Compared to the last 3 and 12 months, the average price target increased by 9.09% and increased by 34.82%, respectively.

Topgolf Callaway Brands's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $4.26B (high $4.28B, low $4.25B), average EBITDA is $467.66M (high $469.72M, low $466.42M), average net income is $-15.181M (high $6.33M, low $-28.997M), average SG&A $1.67B (high $1.68B, low $1.67B), and average EPS is $-0.0761 (high $0.0317, low $-0.145). MODG's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $4.43B (high $4.43B, low $4.43B), average EBITDA is $486.14M (high $486.14M, low $486.14M), average net income is $28.95M (high $28.95M, low $28.95M), average SG&A $1.74B (high $1.74B, low $1.74B), and average EPS is $0.145 (high $0.145, low $0.145).

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 $466.63M by 7.86%. The company's net income was $95M, beating the average estimation of $53.82M by 76.52%. Apple's SG&A was $2.29B, beating the average forecast of $1.67B by 37.22%. 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 $95.24M by -76.48%. Topgolf Callaway Brands's net income was $-77.1M, beating the average estimation of $-66.125M by 16.60%. The company's SG&A was $563.6M, beating the average forecast of $340.45M by 65.55%. Lastly, the company's EPS was $-0.42, beating the average prediction of $-0.331 by 26.78%