Topgolf Callaway Brands (NYSE:CALY) Upgraded to Strong-Buy at Zacks Research

Posted by Francis Steltz on Jul 9th, 2026

Zacks Research upgraded shares of Topgolf Callaway Brands (NYSE:CALY – Free Report) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. 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 Topgolf Callaway Brands from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. The Goldman Sachs Group assumed coverage on Topgolf Callaway Brands in a research note on Thursday, June 11th. They set a “neutral” rating and a $17.00 price target for the company. Weiss Ratings raised Topgolf Callaway Brands from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Finally, Truist Financial raised their price objective on Topgolf Callaway Brands to $19.00 and gave the company a “buy” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Topgolf Callaway Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.25.

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Topgolf Callaway Brands Stock Performance

NYSE:CALY opened at $18.08 on Tuesday. The firm has a market capitalization of $3.25 billion, a P/E ratio of 129.18 and a beta of 0.92. The stock has a 50 day moving average price of $16.48. The company has a quick ratio of 1.44, a current ratio of 2.28 and a debt-to-equity ratio of 0.07. Topgolf Callaway Brands has a 52 week low of $8.00 and a 52 week high of $19.36.

Topgolf Callaway Brands (NYSE:CALY – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.42 by $0.14. Topgolf Callaway Brands had a net margin of 1.05% and a return on equity of 4.44%. Topgolf Callaway Brands’s quarterly revenue was down 37.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Topgolf Callaway Brands will post 0.75 earnings per share for the current fiscal year.

About Topgolf Callaway Brands

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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.