Truist analyst Michael Swartz has revised his outlook for Topgolf Callaway Brands (MODG, Financial), lowering the stock's price target from $12 to $7. Despite this adjustment, the Buy rating remains unchanged. This decision is part of a broader analysis focusing on the Leisure Products, Leisure Facilities, and Recreational Vehicles sectors.
Swartz highlights the impact of ongoing tariff-related challenges and macroeconomic uncertainty as key factors contributing to the expected volatility in the Recreation & Leisure market. While a recent selloff in the sector has already accounted for some potential tariff risks, there is cautionary guidance that suggests further declines in share prices could be possible.
Truist warns that if a more significant downturn in consumer spending occurs, the sector might face additional downside pressure of between 20% to 30%. Investors are advised to remain vigilant as market conditions evolve.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Topgolf Callaway Brands Corp (MODG, Financial) is $13.90 with a high estimate of $38.00 and a low estimate of $6.00. The average target implies an upside of 121.69% from the current price of $6.27. More detailed estimate data can be found on the Topgolf Callaway Brands Corp (MODG) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Topgolf Callaway Brands Corp's (MODG, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Topgolf Callaway Brands Corp (MODG, Financial) in one year is $18.27, suggesting a upside of 191.39% from the current price of $6.27. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Topgolf Callaway Brands Corp (MODG) Summary page.
