Shares of MODG.N experienced a notable uptick today, crossing above its 5-day simple moving average (SMA), signaling a potential bullish trend. This movement comes amid positive news surrounding golf participation, which reached a record 47.2 million Americans in 2024, underscoring the sport's enduring appeal. The surge in interest is further highlighted by Topgolf Callaway Brands Corp.'s recent $1.1 billion sale of a 60% stake in its Topgolf and Toptracer business, indicating strong market confidence.
However, the golf industry faces challenges, with several businesses, including Nicklaus Companies LLC, filing for Chapter 11 bankruptcy. Despite these setbacks, Nicklaus Companies is actively working to protect its operations and has plans to appeal a significant lawsuit judgment. The ongoing developments in the industry, including the restoration of Desert Highlands and the anticipated return of The Skins Game in 2025, may provide additional support for stocks like MODG.N as they navigate this mixed landscape.
Wall Street analysts forecast MODG stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MODG is 11.56 USD with a low forecast of 10.00 USD and a high forecast of 14.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
Wall Street analysts forecast MODG stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MODG is 11.56 USD with a low forecast of 10.00 USD and a high forecast of 14.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Buy
6 Hold
0 Sell
Moderate Buy
Current: 14.680
Low
10.00
Averages
11.56
High
14.00
Current: 14.680
Low
10.00
Averages
11.56
High
14.00
KeyBanc
Sector Weight -> Overweight
upgrade
$17
2026-01-16
Reason
KeyBanc
Price Target
$17
AI Analysis
2026-01-16
upgrade
Sector Weight -> Overweight
Reason
KeyBanc upgraded Topgolf Callaway (MODG) to Overweight from Sector Weight with a $17 price target. The firm continues to prefer golf, and shifted its positioning to Topgolf over Acushnet (GOLF) due to valuation. KeyBanc cites its fiscal 2026 outlook coupled with Topgolf's current valuation upside following the sale of a majority stake in Topgolf for the upgrade.
Compass Point
NULL -> Buy
maintain
2026-01-05
Reason
Compass Point
Price Target
2026-01-05
maintain
NULL -> Buy
Reason
Compass Point raised the firm's price target on Topgolf Callaway to $17.50 from $14.50 and keeps a Buy rating on the shares.
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UBS
Neutral
maintain
$10 -> $11
2025-11-24
Reason
UBS
Price Target
$10 -> $11
2025-11-24
maintain
Neutral
Reason
UBS raised the firm's price target on Topgolf Callaway to $11 from $10 and keeps a Neutral rating on the shares. Topgolf reported better than expected results for Q3, and Q4 guidance was broadly in line with expectations, the analyst tells investors in a research note.
JPMorgan
Neutral
maintain
$9 -> $10
2025-11-12
Reason
JPMorgan
Price Target
$9 -> $10
2025-11-12
maintain
Neutral
Reason
JPMorgan raised the firm's price target on Topgolf Callaway to $10 from $9 and keeps a Neutral rating on the shares. The firm updated the company's model.
About MODG
Callaway Golf Company, formerly Topgolf Callaway Brands Corp., is a golf equipment, gear and apparel company with a portfolio of global brands, including Callaway Golf, Odyssey, TravisMathew, and OGIO. The Company designs, manufactures, and sells high-performance golf clubs, golf balls, apparel, bags, and other accessories. The Company's golf equipment business is comprised of Callaway Golf-branded woods, hybrids, irons, wedges, Odyssey putters, packaged sets, and Callaway Golf and Strata-branded golf balls, as well as the sale of pre-owned golf clubs. The Company's active lifestyle business is comprised of soft goods products under its Callaway Golf, TravisMathew, and OGIO brands. The Callaway Golf soft goods brand offers a full line of golf apparel, footwear, gear and accessories. TravisMathew offers a full line of golf and lifestyle apparel as well as footwear and accessories. The OGIO brand offers a full line of personal storage gear for sport and personal use and accessories.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
