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Topgolf Callaway Brands Sells Majority Stake in Topgolf

Story Highlights
  • Topgolf Callaway Brands is selling a 60% stake in Topgolf to Leonard Green & Partners.
  • The sale will provide Topgolf Callaway Brands with $770 million and support its core business focus.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Topgolf Callaway Brands Sells Majority Stake in Topgolf

TipRanks Black Friday Sale

An announcement from Topgolf Callaway Brands ( (MODG) ) is now available.

On November 17, 2025, Topgolf Callaway Brands Corp. announced an agreement to sell a 60% stake in its Topgolf and Toptracer business to Leonard Green & Partners, valuing the business at approximately $1.1 billion. The transaction, expected to close in the first quarter of 2026, will provide Topgolf Callaway Brands with around $770 million in net proceeds. This strategic move aims to enhance shareholder value and support the company’s focus on its core Golf Equipment & Active Lifestyle platform, while retaining a 40% interest in Topgolf to benefit from its future growth.

The most recent analyst rating on (MODG) stock is a Buy with a $14.00 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.

The overall stock score of 58 reflects significant financial challenges, particularly in profitability and cash flow, which weigh heavily on the score. However, strong technical momentum and positive earnings call sentiment provide some support. The valuation remains a concern due to negative profitability metrics. The most significant factors are the financial performance challenges and the positive technical and earnings outlook.

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

More about Topgolf Callaway Brands

Topgolf Callaway Brands Corp. is a tech-enabled Modern Golf and active lifestyle company that offers leading golf equipment, apparel, and entertainment through a portfolio of global brands such as Topgolf, Callaway Golf, TravisMathew, Toptracer, Odyssey, and OGIO. The company operates within the dynamic and inclusive ecosystem of ‘Modern Golf,’ which encompasses both on-course and off-course golf experiences.

Average Trading Volume: 2,311,240

Technical Sentiment Signal: Hold

Current Market Cap: $2.07B

For detailed information about MODG stock, go to TipRanks’ Stock Analysis page.

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