Topgolf Callaway Brands (NYSE:CALY) Price Target Raised to $22.00 at KeyCorp

Topgolf Callaway Brands (NYSE:CALY) had its target price lifted by investment analysts at KeyCorp from $19.00 to $22.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s target price would suggest a potential upside of 13.93% from the stock’s current price.

Several other analysts also recently issued reports on CALY. Weiss Ratings raised shares of Topgolf Callaway Brands from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. UBS Group upped their price objective on shares of Topgolf Callaway Brands from $15.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Wall Street Zen raised shares of Topgolf Callaway Brands from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research upgraded shares of Topgolf Callaway Brands from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Topgolf Callaway Brands to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Topgolf Callaway Brands currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Topgolf Callaway Brands Trading Down 1.3%

NYSE CALY traded down $0.26 on Wednesday, hitting $19.31. 1,010,092 shares of the company were exchanged, compared to its average volume of 2,738,759. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.44 and a current ratio of 2.28. Topgolf Callaway Brands has a 12 month low of $8.00 and a 12 month high of $20.28. The stock’s fifty day moving average is $17.72. The stock has a market capitalization of $3.47 billion, a P/E ratio of 137.94 and a beta of 0.93.

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

Topgolf Callaway Brands News Roundup

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

• Positive Sentiment: Callaway reported second-quarter adjusted earnings of $0.39 per share, exceeding the $0.35 consensus estimate and rising from $0.24 a year earlier. The company also surpassed revenue expectations. Callaway Golf Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management highlighted solid operating improvements, including a 620-basis-point increase in GAAP gross margin, a 460-basis-point increase in adjusted gross margin and 36% adjusted EBITDA growth. Callaway also repurchased $84 million of shares through June and raised full-year guidance. Callaway Golf Company Announces Second Quarter 2026 Results
• Positive Sentiment: CEO commentary emphasized renewed progress and the company’s positioning as a golf-focused pure play, potentially giving investors a clearer strategic identity and allowing greater focus on core golf brands. Callaway Golf CEO Talks Renewed Company Progress
• Neutral Sentiment: Brokerages set an average price target of $18.25 for CALY, indicating limited near-term upside based on the referenced target and recent trading levels. Brokerages Set Topgolf Callaway Brands Price Target
• Negative Sentiment: Although quarterly results beat estimates, management’s full-year revenue outlook of $2.0 billion to $2.1 billion was below the $2.1 billion consensus forecast. Third-quarter revenue guidance of $415 million to $435 million also brackets a consensus estimate of $429.4 million, raising concerns about slowing growth.
• Negative Sentiment: Investors may also be discounting the company’s mixed underlying metrics and low profitability: reported quarterly revenue was $612.2 million, while net margin was only 1.05%. Key Metrics Tell Us About Callaway Q2 Earnings

About Topgolf Callaway Brands

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.