Topgolf Callaway Rebrands as Callaway Golf Company

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

On January 15, 2026, Topgolf Callaway Brands Corp. changed its corporate name to Callaway Golf Company through a board-approved amendment to its certificate of incorporation and corresponding updates to its bylaws, with no impact on existing stockholder rights. In connection with the rebranding, the company also announced that its common stock is expected to transition on or about January 16, 2026 from trading under the ticker symbol “MODG” to a new symbol, “CALY,” on the New York Stock Exchange, signaling a streamlined corporate identity centered on the Callaway brand while leaving its corporate structure and governance terms otherwise unchanged.

The most recent analyst rating on (MODG) stock is a Buy with a $17.00 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 score is held back primarily by weak profitability and deteriorating free cash flow, despite strong technical momentum. Positive catalysts from the earnings call (raised guidance) and corporate actions (Topgolf stake sale, major debt paydown, and buyback authorization) improve the outlook, while valuation remains constrained by a negative P/E and no stated dividend yield.

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

More about Topgolf Callaway Brands

Callaway Golf Company, formerly known as Topgolf Callaway Brands Corp., operates in the golf and sports equipment industry, focusing on the design, manufacture, and sale of golf clubs, balls, and related golf products, as well as associated leisure and performance brands targeting both recreational and professional golfers worldwide.

Average Trading Volume: 2,869,826

Technical Sentiment Signal: Hold

Current Market Cap: $2.68B

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