Topgolf Callaway Brands (NYSE:CALY) Given New $17.00 Price Target at JPMorgan Chase & Co.

Topgolf Callaway Brands (NYSE:CALY) had its price objective upped by JPMorgan Chase & Co. from $15.00 to $17.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities analysts have also recently issued reports on the company. UBS Group boosted their target price on Topgolf Callaway Brands from $11.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, March 27th. Weiss Ratings started coverage on Topgolf Callaway Brands in a research note on Tuesday, March 3rd. They issued a “sell (d-)” rating on the stock. Finally, Zacks Research raised Topgolf Callaway Brands from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Topgolf Callaway Brands currently has an average rating of “Hold” and a consensus target price of $16.00.

Topgolf Callaway Brands Price Performance

NYSE:CALY opened at $17.51 on Friday. The firm has a fifty day moving average price of $14.15. Topgolf Callaway Brands has a 1-year low of $5.86 and a 1-year high of $17.70. The company has a current ratio of 1.36, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 125.09 and a beta of 0.95.

Topgolf Callaway Brands (NYSE:CALY) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.14. Topgolf Callaway Brands had a net margin of 1.05% and a return on equity of 4.34%. Topgolf Callaway Brands’s revenue was down 37.1% on a year-over-year basis. As a group, analysts expect that Topgolf Callaway Brands will post 0.48 earnings per share for the current fiscal year.

Key Headlines Impacting Topgolf Callaway Brands

Here are the key news stories impacting Topgolf Callaway Brands this week:

• Positive Sentiment: Topgolf Callaway beat Q1 estimates, reporting $0.56 EPS versus the $0.42 consensus, while PR materials highlighted 9% higher net sales, 18% higher net income from continuing operations, and 31% higher adjusted EBITDA year over year. CALLAWAY GOLF COMPANY ANNOUNCES FIRST QUARTER 2026 RESULTS
• Positive Sentiment: The company raised its 2026 outlook, with revenue guidance of about $2.0 billion to $2.1 billion and improving tariff conditions supporting a more constructive sales forecast. Callaway forecasts $2.015B-$2.070B in 2026 net sales as tariff outlook improves
• Positive Sentiment: Management also appeared confident enough to bump guidance after a strong start to the year, reinforcing the view that earnings momentum may be improving. Callaway Bumps Guidance after Strong Start to Year
• Neutral Sentiment: JPMorgan raised its price target on CALY to $17 from $15 but kept a neutral rating, suggesting the stock may already reflect much of the recent improvement. Benzinga report on JPMorgan price target change
• Neutral Sentiment: Additional coverage this morning focused on the company’s earnings transcript and presentation, which typically supports investor attention but is less likely to change the stock’s direction on its own. Callaway Golf (CALY) Q1 2026 Earnings Transcript
• Negative Sentiment: Despite the earnings beat, revenue was still down 37.1% year over year, and Topgolf layoff headlines continued to highlight operational pressure in parts of the business. Topgolf lays off hundreds following rocky private equity acquisition

About Topgolf Callaway Brands

Topgolf Callaway Brands plc (NYSE: MODG) is a leading global sports and entertainment company formed through the merger of Callaway Golf Company and Topgolf Entertainment Group in July 2022. The company combines Callaway’s heritage in golf equipment design and manufacturing with Topgolf’s innovative, technology-driven entertainment venues. Topgolf Callaway Brands serves a diverse audience of golf enthusiasts, casual players and social visitors, offering experiences that span both competitive sport and leisure activities.

Under the Callaway Golf brand, the company develops and markets a broad portfolio of premium golf clubs, balls, accessories and apparel.