Topgolf Callaway Brands’ (CALY) Buy Rating Reiterated at B. Riley Financial

Topgolf Callaway Brands (NYSE:CALY)‘s stock had its “buy” rating reissued by investment analysts at B. Riley Financial in a research report issued on Wednesday,Benzinga reports. They currently have a $23.00 price target on the stock, up from their previous price target of $19.00. B. Riley Financial’s price target points to a potential upside of 19.90% from the stock’s current price.

A number of other brokerages also recently weighed in on CALY. Zacks Research upgraded Topgolf Callaway Brands from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Weiss Ratings upgraded Topgolf Callaway Brands from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Truist Financial lifted their target price on Topgolf Callaway Brands to $19.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Wall Street Zen upgraded Topgolf Callaway Brands from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, JPMorgan Chase & Co. increased their price target 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 investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.67.

Topgolf Callaway Brands Trading Down 2.0%

CALY stock traded down $0.39 during trading hours on Wednesday, hitting $19.18. 1,841,829 shares of the stock traded hands, compared to its average volume of 2,746,823. The firm has a 50-day moving average of $17.72. The firm has a market capitalization of $3.45 billion, a P/E ratio of 137.37 and a beta of 0.93. Topgolf Callaway Brands has a one year low of $8.00 and a one year high of $20.28. The company has a current ratio of 2.28, a quick ratio of 1.44 and a debt-to-equity ratio of 0.07.

Topgolf Callaway Brands (NYSE:CALY) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.39 earnings per share (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 company had revenue of $612.20 million for the quarter. The firm’s quarterly revenue was down 44.9% compared to the same quarter last year. Analysts forecast that Topgolf Callaway Brands will post 0.75 earnings per share for the current year.

Trending Headlines about 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

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.