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Callaway Golf is back in focus as analysts fine tune their price targets, including moves such as JPMorgan’s shift from US$16 to US$15, while a fair value anchor of US$16.75 remains in place in one framework. These updates reflect a mix of views on recent market share trends, the strength of golf spending, and how much of a recovery story is already reflected in current pricing. As you read on, you will see how these shifting targets fit into a broader narrative and how to track the key signals analysts are watching.
Analyst Price Targets don’t always capture the full story. Head over to our Company Report to find new ways to value Callaway Golf.
BofA lifted its Callaway Golf price target to US$15 from US$11, citing a healthy golf consumer and golf spend showing up strongly in its aggregated card data, which supports the current valuation framework for the stock.
BofA highlights that growth in golf rounds played over the past three years has settled into low single digits, which analysts there view as a stable backdrop for Callaway Golf if the company can improve its positioning.
Several firms, including JPMorgan in January and Truist and UBS in later updates, raised price targets on Callaway Golf, signaling interest in the shares as analysts update models and reassess the recovery narrative.
BofA points to ongoing market share losses and indicates that Callaway Golf still needs to return to revenue and earnings growth, so execution on product and brand is front and center for many analysts.
JPMorgan trimmed its target to US$15 from US$16 after the Q4 report while keeping a Neutral rating, which reflects a more cautious stance on how current fundamentals line up with existing expectations.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there’s more to the story. Head to the Simply Wall St Community to discover more perspectives!
NYSE:CALY 1-Year Stock Price Chart
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Saudi Arabia’s Public Investment Fund is reconsidering its financial backing for the lossmaking LIV Golf tour, which could affect interest and spending across the broader golf ecosystem, including equipment and participation trends.
Callaway Golf completed the share repurchase program announced on May 26, 2022. It bought back 4,000,000 shares, or 2.17% of shares, for US$64.53 million, with no additional shares repurchased between October 1, 2025 and January 5, 2026.
The company issued 2026 earnings guidance that outlines expected Q1 net sales of US$635 million to US$665 million and full year net sales of US$1.98b to US$2.05b, compared with US$630 million and US$2.06b a year earlier.
Topgolf Callaway Brands Corp. changed its corporate name to Callaway Golf Company on January 15, 2026. It also updated its NYSE ticker to CALY from MODG, alongside the launch of its Quantum family of clubs aimed at a wide range of golfers.
Story Continues
Fair value in this framework is unchanged at US$16.75.
Revenue growth assumption moves from 1.69% to 1.35%.
Net profit margin assumption moves from 5.28% to 5.34%.
Future P/E multiple moves from 34.33x to 34.39x.
Discount rate used in the model moves from 8.23% to 8.29%.
Narratives link Callaway Golf’s business story to analyst forecasts and fair value, and they refresh as new company data and research come through. They help you see how changing assumptions on growth, margins, and risk all fit together.
Head over to the Simply Wall St Community and follow the Narrative on Callaway Golf to stay up to date on:
How value offerings, digital upgrades, and cost measures at Topgolf are tied to traffic trends, operational efficiency, and margin assumptions.
How new golf products, higher brand equity, and international venue expansion connect to expected revenue growth and earnings potential.
How discounting, tariff headwinds, softer regions and segments, and uncertainty around Topgolf leadership and a potential spin or sale may challenge this thesis.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include CALY.
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