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Topgolf Callaway Brands (MODG) Stock Forecast & Price Target

Topgolf Callaway Brands logo
$8.15 -0.35 (-4.12%)
(As of 11/20/2024 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

Sell
2
Hold
7
Buy
3

Based on 12 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 12 analysts, 2 have given a sell rating, 7 have given a hold rating, and 3 have given a buy rating for MODG.

Consensus Price Target

$14.92
82.91% Upside
According to the 12 analysts' twelve-month price targets for Topgolf Callaway Brands, the average price target is $14.92. 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 82.91% from the current price of $8.16.
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MODG Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24
1 Month Ago
10/23/23 to 10/22/24
3 Months Ago
8/24/23 to 8/23/24
1 Year Ago
11/22/22 to 11/22/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
3 Buy rating(s)
4 Buy rating(s)
6 Buy rating(s)
Hold
7 Hold rating(s)
8 Hold rating(s)
6 Hold rating(s)
3 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$14.92$15.31$16.67$20.64
Forecasted Upside82.91% Upside47.33% Upside48.81% Upside76.53% Upside
Consensus Rating
Hold
Hold
Hold
Moderate Buy

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.
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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.
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Topgolf Callaway Brands Stock vs. The Competition

TypeTopgolf Callaway BrandsConsumer Discretionary CompaniesS&P 500
Consensus Rating Score
2.08
2.56
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside82.91% Upside1,133.18% Upside9.81% Upside
News Sentiment Rating
Neutral News

See Recent MODG News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/14/2024Roth Mkm
1 of 5 stars
 Reiterated RatingBuy ➝ Buy$17.00 ➝ $16.00+86.48%
11/14/2024The Goldman Sachs Group
2 of 5 stars
 Lower TargetNeutral ➝ Neutral$14.00 ➝ $12.00+40.02%
11/13/2024Truist Financial
2 of 5 stars
 Lower TargetBuy ➝ Buy$16.00 ➝ $14.00+63.55%
11/13/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$13.00 ➝ $11.00+18.79%
10/17/2024B. Riley
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E. Wold
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DowngradeBuy ➝ Neutral$18.00 ➝ $12.00+10.80%
9/17/2024TD Cowen
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 Lower TargetHold ➝ Hold$13.00 ➝ $10.00-3.85%
9/12/2024Bank of America
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 Lower TargetNeutral ➝ Neutral$14.00 ➝ $12.00+29.45%
8/29/2024Jefferies Financial Group
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 DowngradeBuy ➝ Hold$40.00 ➝ $12.00+13.53%
8/23/2024Raymond James
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J. Altobello
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DowngradeOutperform ➝ Underperform
8/8/2024Morgan Stanley
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 Lower TargetUnderweight ➝ Underweight$11.00 ➝ $10.00-12.89%
8/8/2024KeyCorp
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 DowngradeOverweight ➝ Sector Weight
4/12/2024Tigress Financial
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 Reiterated RatingBuy ➝ Buy$38.00+132.91%
11/9/2023Stephens
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 DowngradeOverweight ➝ Equal Weight$13.00+4.42%
8/21/2023Compass Point
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 Lower TargetBuy ➝ 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 Thursday at 06:39 AM ET.


MODG Forecast - Frequently Asked Questions

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Topgolf Callaway Brands is $14.92, with a high forecast of $38.00 and a low forecast of $10.00.

12 Wall Street equities 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 3 buy ratings for the stock. The consensus among Wall Street equities 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.

According to analysts, Topgolf Callaway Brands's stock has a predicted upside of 82.91% based on their 12-month stock forecasts.

Over the previous 90 days, Topgolf Callaway Brands's stock had 3 downgrades by analysts.

Topgolf Callaway Brands has been rated by research analysts at B. Riley, Bank of America, Jefferies Financial Group, JPMorgan Chase & Co., Raymond James, Roth Mkm, TD Cowen, The Goldman Sachs Group, and Truist Financial in the past 90 days.

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.


This page (NYSE:MODG) was last updated on 11/21/2024 by MarketBeat.com Staff
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