#7 - Topgolf Callaway Brands (NYSE:MODG)
Topgolf Callaway Brands Corp. (NYSE: MODG) was formed by the merger of Topgolf and Callaway in 2021. However, one reason that investors believe MODG stock could be a doubler is that in September 2024, the company announced that the two companies were splitting up.
At face value, this news is an admission that the merger may have been a mistake. MODG stock dropped 46% in 2024, primarily due to weak same-store sales at Topgolf entertainment venues. But, analysts are already seeing the bright side and are cautiously optimistic that this trend will reverse. The debut of the Tiger Woods Golf League (TGL) is likely to expand interest in fast-paced simulator golf.
In early 2025, Jefferies upgraded the stock from a Hold to a Buy and raised its price target from $11 to $13. And that’s below the $14.83 consensus price target from the MODG stock analyst forecasts on MarketBeat.
About Topgolf Callaway Brands
Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game.
Read More - Current Price
- $8.11
- Consensus Rating
- Hold
- Ratings Breakdown
- 4 Buy Ratings, 6 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $14.83 (83.0% Upside)
As you can see, there are several attractive stocks you can buy for under $20. And this is not an exhaustive list by any means. When you have thousands of stocks to choose from, finding hidden gems that fit your risk appetite can be a challenge.
The MarketBeat stock screener can help you find stocks that fit your investment style. This user-friendly tool lets you filter stocks for certain attributes like sector and current price. This can help you quickly find stocks under $20 that fit the criteria you use with other investments.
And if you want to invest in inexpensive stocks but with less risk, you can consider buying shares of an exchange-traded fund (ETF). While you won't find an ETF that specifically invests in stocks under $20, you can find sector ETFs like biotech or mining stocks. You can also invest in funds that focus on small-cap stocks or mid-cap stocks.
More Investing Slideshows:
