Topgolf Callaway Brands (NYSE:CALY) Given New $19.00 Price Target at The Goldman Sachs Group

Topgolf Callaway Brands (NYSE:CALY) had its price objective raised by equities research analysts at The Goldman Sachs Group from $17.00 to $19.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential downside of 0.83% from the stock’s current price.

Other analysts have also issued research reports about the company. KeyCorp lifted their price objective on Topgolf Callaway Brands from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday. Zacks Research raised Topgolf Callaway Brands from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. UBS Group upped their price target on shares of Topgolf Callaway Brands from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Wall Street Zen upgraded shares of Topgolf Callaway Brands from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings upgraded shares of Topgolf Callaway Brands from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Topgolf Callaway Brands currently has an average rating of “Moderate Buy” and an average price target of $20.00.

Topgolf Callaway Brands Stock Performance

Shares of CALY traded down $0.41 during mid-day trading on Wednesday, hitting $19.16. 2,012,534 shares of the company traded hands, compared to its average volume of 2,748,439. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.44 and a current ratio of 2.28. The business has a 50-day moving average price of $17.72. Topgolf Callaway Brands has a 1 year low of $8.00 and a 1 year high of $20.28. The company has a market cap of $3.44 billion, a PE ratio of 136.94 and a beta of 0.93.

Topgolf Callaway Brands (NYSE:CALY) last issued its earnings results on Tuesday, August 4th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. Topgolf Callaway Brands had a net margin of 1.05% and a return on equity of 4.44%. The company had revenue of $612.20 million for the quarter. The business’s quarterly revenue was down 44.9% compared to the same quarter last year. On average, analysts forecast that Topgolf Callaway Brands will post 0.75 EPS for the current year.

Key Stories Impacting Topgolf Callaway Brands

Here are the key news stories impacting Topgolf Callaway Brands this week:

• Positive Sentiment: KeyCorp raised its price target to $22 from $19 and initiated an “overweight” rating, implying additional upside and signaling confidence in the company’s outlook. Benzinga article
• Positive Sentiment: Second-quarter adjusted earnings were $0.39 per share, beating the $0.35 consensus estimate and rising from $0.24 a year earlier. The company also reported a 67% increase in GAAP net income from continuing operations and a 36% gain in adjusted EBITDA. Callaway Golf Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Callaway said second-quarter net sales increased 2%, while gross margins expanded sharply—GAAP margin rose 620 basis points and non-GAAP margin improved 460 basis points. The company also repurchased $84 million of shares through June, supporting per-share value. Callaway Golf Second Quarter 2026 Results
• Positive Sentiment: Management’s discussion of renewed progress as a golf-focused “pure-play” may reinforce expectations that the streamlined business can improve execution and profitability. Callaway Golf CEO Discusses Renewed Progress
• Neutral Sentiment: Other brokerages set an average price target of $18.25, below the stock’s recent trading level, suggesting analyst views remain mixed despite KeyCorp’s upgrade. Brokerages Set CALY Price Target
• Negative Sentiment: Full-year revenue guidance of $2.0 billion to $2.1 billion is modestly below the $2.1 billion consensus estimate. Third-quarter guidance of $415 million to $435 million also brackets a consensus forecast of $429.4 million, indicating limited near-term revenue upside. Callaway Golf Second Quarter 2026 Results

Topgolf Callaway Brands Company Profile

Topgolf Callaway Brands plc (NYSE: MODG) is a leading global sports and entertainment company formed through the merger of Callaway Golf Company and Topgolf Entertainment Group in July 2022. The company combines Callaway’s heritage in golf equipment design and manufacturing with Topgolf’s innovative, technology-driven entertainment venues. Topgolf Callaway Brands serves a diverse audience of golf enthusiasts, casual players and social visitors, offering experiences that span both competitive sport and leisure activities.

Under the Callaway Golf brand, the company develops and markets a broad portfolio of premium golf clubs, balls, accessories and apparel.