Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessTopgolf Callaway Brands Corp. (NYSE:MODG) Strategic Shift and Analysts' Outlook

Topgolf Callaway Brands Corp. (NYSE:MODG) Strategic Shift and Analysts’ Outlook

Add to Favorite
Added to Favorite


The consensus price target for NYSE:MODG has been adjusted from $14.83 to $12, indicating a more conservative outlook.
Despite the conservative consensus, some analysts see a potential upside, with a price target of $44.
The strategic decision to split into two companies aims to enhance market position and operational efficiency, potentially strengthening financial performance.

Topgolf Callaway Brands Corp. (NYSE:MODG) is a diverse company known for its golf equipment, apparel, and entertainment venues. It operates through three main segments: Topgolf, Golf Equipment, and Apparel, Gear, and Other. The company is a key player in the golf industry, competing with brands like TaylorMade and Titleist.

Over the past year, analysts have adjusted their expectations for MODG, with the consensus price target dropping from $14.83 to $12. This 19% decrease suggests a more conservative outlook. However, as highlighted by Zacks, some analysts, like George Kelly from Roth Capital, see potential upside, setting a price target of $44.

The Zacks Rank system, which evaluates earnings estimates and revisions, suggests MODG might be undervalued. Despite the conservative consensus, the potential for growth in the experiential sector, as noted by Zacks, could lead to an increase in the stock’s value. This is supported by a 57.4% potential upside according to Wall Street analysts.

Topgolf Callaway’s strategic decision to split into two companies aims to enhance market position and operational efficiency. The separation will create a leading golf equipment and active lifestyle company, Callaway, and a high-growth, venue-based golf entertainment business, Topgolf. This move is expected to strengthen each entity’s focus and financial performance.

The new Callaway company will focus on golf equipment and active lifestyle, with a revenue of approximately $2.5 billion over the last twelve months through Q2 2024. Meanwhile, Topgolf will concentrate on venue-based golf entertainment, generating around $1.8 billion in revenue. This strategic shift aligns with the optimistic outlook from analysts like George Kelly.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Lumen Technologies Misses Q3 Earnings, Shares Plunge 8 percent

Lumen Technologies (NYSE:LUMN) shares dropped more than 8% pre-market...

Devon Energy Surpasses Revenue Expectations Despite Earnings Miss, Stock Rises 2 percent

Devon Energy (NYSE:DVN) posted impressive third-quarter 2024 results, with...

IFF Raises Full-Year Revenue Outlook Following Mixed Q3, Stock Rises 2 percent

International Flavors & Fragrances (NYSE:IFF) shares rose around 2%...

Novo Nordisk Posts Strong 9-Month Growth, Shares Gain 4 percent

Novo Nordisk (NYSE:NVO) shares rose more than 4% pre-market...