Topgolf Callaway Brands (NYSE:CALY) Rating Lowered to Hold at Zacks Research

Posted by Stanley Muller on Aug 8th, 2026

Topgolf Callaway Brands (NYSE:CALY – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

CALY has been the topic of several other research reports. The Goldman Sachs Group boosted their target price on Topgolf Callaway Brands from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Wednesday. B. Riley Financial restated a “buy” rating and issued a $23.00 price target (up from $19.00) on shares of Topgolf Callaway Brands in a research note on Wednesday. Wall Street Zen upgraded Topgolf Callaway Brands from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. KeyCorp upped 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. Finally, UBS Group increased their price objective on Topgolf Callaway Brands from $15.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.00.

Read Our Latest Stock Report on Topgolf Callaway Brands

Topgolf Callaway Brands Trading Up 1.4%

Shares of Topgolf Callaway Brands stock opened at $17.62 on Thursday. Topgolf Callaway Brands has a 52-week low of $8.00 and a 52-week high of $20.28. The business’s 50-day moving average price is $17.86. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 40.97 and a beta of 0.93.

Topgolf Callaway Brands (NYSE:CALY – Get Free Report) last posted its quarterly 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. The firm had revenue of $612.20 million during the quarter. Topgolf Callaway Brands had a net margin of 3.37% and a return on equity of 5.86%. Topgolf Callaway Brands’s quarterly revenue was down 44.9% compared to the same quarter last year. Equities analysts forecast that Topgolf Callaway Brands will post 0.75 EPS for the current fiscal year.

Topgolf Callaway Brands Company Profile

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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.