Topgolf Callaway Brands Approves Amended 2022 Incentive Plan

Topgolf Callaway Brands ( (MODG) ) just unveiled an update.

On May 29, 2025, Topgolf Callaway Brands Corp. held its annual meeting of shareholders, where the amended and restated 2022 Incentive Plan was approved. This plan, effective from the meeting date, increases the shares available for issuance and outlines specific terms for stock options and awards. The meeting also saw the approval of other proposals, including the election of directors, ratification of Deloitte & Touche LLP as the independent auditor, and an advisory vote on executive compensation, all of which reflect the company’s ongoing governance and operational strategies.

The most recent analyst rating on (MODG) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on Topgolf Callaway Brands stock, see the MODG Stock Forecast page.

Spark’s Take on MODG Stock

According to Spark, TipRanks’ AI Analyst, MODG is a Neutral.

Topgolf Callaway Brands faces significant financial and operational challenges, including persistent losses and high debt levels. While the earnings call and strategic moves like the divestment of Jack Wolfskin provide some relief, the negative valuation and bearish technical indicators weigh heavily on the stock. Improvements in cash flow and potential operational efficiencies offer some hope, but significant risks remain.

To see Spark’s full report on MODG stock, click here.

More about Topgolf Callaway Brands

Topgolf Callaway Brands Corp. operates in the sports and entertainment industry, primarily focusing on golf-related products and services. The company is known for its innovative golfing experiences and equipment, catering to both recreational and professional markets.

Average Trading Volume: 2,983,399

Technical Sentiment Signal: Sell

Current Market Cap: $1.16B

See more insights into MODG stock on TipRanks’ Stock Analysis page.