Wall Street Analysts Think Topgolf Callaway (MODG) Could Surge 57.43%: Read This Before Placing a Bet
The average of price targets set by Wall Street analysts indicates a potential upside of 57.4% in Topgolf Callaway (MODG). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Is TOPGOLF CALLAWY (MODG) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Topgolf Callaway Launches Topgolf Shop, Boosts Digital Business
MODG stock to benefit from further enhancing its digital capabilities by launching the Topgolf Shop website.
Topgolf launches a golfing experience on Fortnite's UEFN platform
Topgolf announced the launch of its interactive Fortnite map on UEFN, where players can partake of minigames themed after Topgolf's games.
Topgolf Callaway: The Breakup Is A Great Idea
The split of Topgolf and Callaway is expected to maximize shareholder value by allowing each brand to focus on their core business models independently. Topgolf's capital-intensive nature has been a drag on Callaway, making the separation beneficial for both entities to operate more efficiently. The combined entity trades at a deep value of 0.52x forward book value, presenting a 92.3% upside if shares converge to 1x book value.
MODG Expands Presence in Saudi Arabia With Golf Saudi Partnership
Topgolf inks a deal with Golf Saudi to expand its presence and elevate golf in Saudi Arabia.
Topgolf Sent Callaway Into the Rough
Duffers are ruining things for Topgolf Callaway MODG -9.05%decrease; red down pointing triangle.
Topgolf Callaway Slices, Announces Spinoff
Topgolf Callaway Brands Corp (NYSE:MODG) is down 1% to trade at $10.65, but earlier was higher, after the entertainment and retail company announced it will split into two separate businesses.
Topgolf Callaway Stock Rises on Plans To Split Just 3 Years After Merger
Shares of Topgolf Callaway Brands (MODG) rose about 5% in premarket trading Thursday, a day after announcing plans to split back into two separate companies just three years after their merger was completed.
Topgolf Callaway wants to split up after a little more than three years. Here's what could complicate the breakup.
After some three-and-a-half years together, Topgolf — a driving-range and entertainment chain — and Callaway, a maker of golf clubs and golf balls, could soon find themselves on their own.
I Love TopGolf, but Here Are 3 Reasons I Will Never Buy The Stock
August has been a month to forget for Topgolf Callaway Brands (NYSE:MODG), whose share price has lost 32% through Aug.
Topgolf Callaway Brands Corp.: Rating Downgrade On Poor SVS Performance
I revised my rating from buy to sell. I now have very little confidence in SVS growth given the weak discretionary spending environment, and poor results from initiatives implemented. MODG's 2Q24 performance showed a significant deceleration in SVS growth.
