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Topgolf Callaway CEO Resigns Amid Strategic Plans

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Topgolf Callaway CEO Resigns Amid Strategic Plans

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Topgolf Callaway Brands ( (MODG) ) has issued an update.

On July 29, 2025, Arthur F. Starrs, CEO of Topgolf, announced his resignation to take up a CEO position with another company, effective through September 2025 to ensure a smooth transition. Despite his departure, Topgolf Callaway Brands remains committed to its strategic direction, including the potential spin-off or sale of Topgolf, which is now likely to be delayed until 2026 after a new CEO is appointed. The company is actively searching for a replacement while continuing to focus on its financial performance and strategic goals.

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 scores moderately due to significant financial challenges and valuation concerns. Positive technical momentum and strategic initiatives provide some optimism. The company’s ability to maintain guidance amid macroeconomic challenges is noteworthy.

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. The company boasts a portfolio of global brands such as Topgolf, Callaway Golf, TravisMathew, Toptracer, Odyssey, and OGIO, catering to both on-course and off-course golf enthusiasts.

Average Trading Volume: 2,720,096

Technical Sentiment Signal: Sell

Current Market Cap: $1.77B

For a thorough assessment of MODG stock, go to TipRanks’ Stock Analysis page.

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