Topgolf Callaway Brands Corp. (MODG)

Topgolf Callaway Brands Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for MODG stock have an average target of 18.73, with a low estimate of 10 and a high estimate of 38. The average target predicts an increase of 22.34% from the current stock price of 15.31.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$10	$18.73	$16	$38
Change	-34.68%	+22.34%	+4.51%	+148.20%

* Price targets were last updated on May 13, 2024.

Analyst Ratings

The average analyst rating for MODG stock from 11 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	4	4	4	4	4	4
Buy	2	2	2	2	2	2
Hold	4	4	4	4	4	4
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	11	11	11	11	11	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
John Kernan TD Cowen	TD Cowen	Hold Maintains $10 → $13	Hold	Maintains	$10 → $13	-15.09%	May 13, 2024
Eric Wold B. Riley Securities	B. Riley Securities	Strong Buy Maintains $18 → $21	Strong Buy	Maintains	$18 → $21	+37.17%	May 2, 2024
Michael Swartz Truist Securities	Truist Securities	Strong Buy Maintains $18 → $20	Strong Buy	Maintains	$18 → $20	+30.63%	Apr 29, 2024
Ivan Feinseth Tigress Financial	Tigress Financial	Strong Buy Maintains $38	Strong Buy	Maintains	$38	+148.20%	Apr 12, 2024
Noah Zatzkin Keybanc	Keybanc	Buy Maintains $20 → $18	Buy	Maintains	$20 → $18	+17.57%	Feb 14, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

4.54B

Increased by 5.96%

from 4.28B

Revenue Next Year

4.87B

Increased by 7.27%

from 4.54B

EPS This Year

0.34

Decreased by -32.07%

from 0.50

EPS Next Year

0.43

Increased by 25.53%

from 0.34

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	1.70B	1.59B	3.13B	4.00B	4.28B	4.54B	4.87B	5.06B	5.43B	5.78B
Revenue Growth	36.87%	-6.56%	97.13%	27.52%	7.24%	5.96%	7.27%	3.86%	7.43%	6.28%
EPS	0.82	-1.35	1.82	0.82	0.50	0.34	0.43	0.60	0.80	0.94
EPS Growth	-24.07%	-	-	-54.95%	-39.02%	-32.07%	25.53%	40.35%	32.95%	17.95%
Forward PE	-	-	-	-	-	45.07	35.91	25.58	19.24	16.32
No. Analysts	-	-	-	-	-	16	16	5	3	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	4.7B	5.1B	5.3B	5.6B	5.9B
Avg	4.5B	4.9B	5.1B	5.4B	5.8B
Low	4.3B	4.6B	4.7B	5.2B	5.5B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	9.7%	12.3%	8.2%	10.6%	9.4%
Avg	6.0%	7.3%	3.9%	7.4%	6.3%
Low	1.3%	1.5%	-2.6%	3.2%	2.1%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	0.39	0.55	0.67	0.82	0.97
Avg	0.34	0.43	0.60	0.80	0.94
Low	0.27	0.23	0.51	0.76	0.90

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-22.3%	60.7%	57.6%	36.9%	21.4%
Avg	-32.1%	25.5%	40.4%	33.0%	17.9%
Low	-45.1%	-33.6%	19.5%	27.7%	13.3%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.