Topgolf Callaway Brands (MODG) Stock Forecast & Price Target

$10.20

-0.40 (-3.77%)

(As of 09/6/2024 ET)

Topgolf Callaway Brands - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 13 Analyst Ratings

Based on 13 Wall Street analysts who have issued ratings for Topgolf Callaway Brands in the last 12 months, the stock has a consensus rating of "Hold." Out of the 13 analysts, 2 have given a sell rating, 7 have given a hold rating, and 4 have given a buy rating for MODG.

Consensus Price Target

$16.38
60.63% Upside

High Forecast	$38.00
Average Forecast	$16.38
Low Forecast	$10.00

According to the 13 analysts' twelve-month price targets for Topgolf Callaway Brands, the average price target is $16.38. The highest price target for MODG is $38.00, while the lowest price target for MODG is $10.00. The average price target represents a forecasted upside of 60.63% from the current price of $10.20.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Hold	Hold	Hold	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)
Hold	7 Hold rating(s)	6 Hold rating(s)	4 Hold rating(s)	1 Hold rating(s)
Sell	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$16.38	$17.69	$19.33	$28.11
Forecasted Upside	60.63% Upside	33.99% Upside	38.07% Upside	44.75% Upside

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MODG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MODG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Topgolf Callaway Brands Stock vs. The Competition

Type	Topgolf Callaway Brands	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.15	2.56	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	60.63% Upside	1,175.07% Upside	11.36% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/5/2024	Bank of America 4 of 5 stars		Boost Target	Neutral ➝ Neutral	$13.00 ➝ $14.00	+31.83%
9/5/2024	Roth Mkm 1 of 5 stars		Reiterated Rating	Buy ➝ Buy	$17.00 ➝ $17.00	+60.38%
8/29/2024	Jefferies Financial Group 2 of 5 stars		Downgrade	Buy ➝ Hold	$40.00 ➝ $12.00	+13.53%
8/23/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Altobello Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Underperform
8/9/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$15.00 ➝ $14.00	+16.96%
8/8/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$11.00 ➝ $10.00	-12.89%
Get the Latest News and Ratings for MODG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Topgolf Callaway Brands and its competitors with MarketBeat's FREE daily newsletter.
8/8/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$20.00 ➝ $16.00	+30.93%
8/8/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Sector Weight
5/13/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$10.00 ➝ $13.00	-15.20%
5/2/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$18.00 ➝ $21.00	+29.95%
4/12/2024	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$38.00	+132.91%
11/9/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$23.00 ➝ $13.00	+4.42%
11/9/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	$13.00	+4.42%
8/21/2023	Compass Point Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$34.00 ➝ $31.00	+89.14%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:14 PM ET.

MODG Forecast - Frequently Asked Questions

What is Topgolf Callaway Brands' forecast for 2024?: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Topgolf Callaway Brands is $16.38, with a high forecast of $38.00 and a low forecast of $10.00.
Should I buy or sell Topgolf Callaway Brands stock right now?: 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Topgolf Callaway Brands in the last year. There are currently 2 sell ratings, 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MODG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MODG, but not buy additional shares or sell existing shares.
Does Topgolf Callaway Brands's stock price have much upside?: According to analysts, Topgolf Callaway Brands's stock has a predicted upside of 28.78% based on their 12-month stock forecasts.
Has Topgolf Callaway Brands been downgraded by Wall Street analysts recently?: Over the previous 90 days, Topgolf Callaway Brands's stock had 4 downgrades by analysts.
What analysts cover Topgolf Callaway Brands?: Topgolf Callaway Brands has been rated by research analysts at Bank of America, Jefferies Financial Group, KeyCorp, Morgan Stanley, Raymond James, Roth Mkm, The Goldman Sachs Group, and Truist Financial in the past 90 days.
Do Wall Street analysts like Topgolf Callaway Brands more than its competitors?: Analysts like Topgolf Callaway Brands less than other "consumer discretionary" companies. The consensus rating for Topgolf Callaway Brands is Hold while the average consensus rating for "consumer discretionary" companies is Moderate Buy. Learn more on how MODG compares to other companies.