B. Riley Securities Upgrades Callaway Golf (CALY) to Buy, Raises Price Target to $19
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2026
0mins
Source: seekingalpha
- Rating Upgrade: B. Riley Securities upgraded Callaway Golf from Neutral to Buy, raising the price target from $11 to $19, reflecting confidence in the robust recovery of the golf industry.
- Market Share Potential: Analyst Anna Glaessgen highlighted that Callaway is positioned to stabilize and expand its market share in golf clubs, especially following the PGA Show which bolstered confidence in its products.
- Spin-off Impact Diminished: With the separation from Topgolf effectively behind, Callaway's outlook has become more optimistic, even as it retains a ~40% stake, which analysts believe will enhance overall company performance.
- Stock Price Reaction: Callaway Golf's shares rose 2.4% in premarket trading on Thursday to $15.85, indicating positive market expectations for its future performance.
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Analyst Views on CALY
Wall Street analysts forecast CALY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CALY is USD with a low forecast of USD and a high forecast of 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.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 14.790
Low
Averages
High
Current: 14.790
Low
Averages
High
About CALY
Topgolf Callaway Brands Corp. is a tech-enabled golf and active lifestyle company. The Company is engaged in delivering golf equipment, apparel, and entertainment, with a portfolio of global brands including Topgolf, Callaway Golf, TravisMathew, Odyssey and OGIO. The Company provides golf entertainment experiences, designs and manufactures golf equipment, and sells golf and active lifestyle apparel and other accessories through its family of brand names. Its segments include Topgolf, Golf Equipment, and Active Lifestyle. The Topgolf segment includes the operations of its Company-owned and operated and franchised Topgolf venues and Toptracer ball-flight tracking technology (Toptracer). The Golf Equipment segment includes the operations of its golf clubs and golf balls business under the Callaway Golf and Odyssey brand names. The Active Lifestyle segment includes the operations of its soft goods business marketed under the Callaway Golf, TravisMathew, and OGIO brand names.
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.
B. Riley Securities Upgrades Callaway Golf (CALY) to Buy, Raises Price Target to $19
- Rating Upgrade: B. Riley Securities upgraded Callaway Golf from Neutral to Buy, raising the price target from $11 to $19, reflecting confidence in the robust recovery of the golf industry.
- Market Share Potential: Analyst Anna Glaessgen highlighted that Callaway is positioned to stabilize and expand its market share in golf clubs, especially following the PGA Show which bolstered confidence in its products.
- Spin-off Impact Diminished: With the separation from Topgolf effectively behind, Callaway's outlook has become more optimistic, even as it retains a ~40% stake, which analysts believe will enhance overall company performance.
- Stock Price Reaction: Callaway Golf's shares rose 2.4% in premarket trading on Thursday to $15.85, indicating positive market expectations for its future performance.
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