Roth MKM analyst George Kelly lowered the firm’s price target on Topgolf Callaway (MODG) to $11 from $16 but keeps a Buy rating on the shares. The company’s Q4 results outperformed expectations, but 2025 guidance was below the firm’s estimates on FX, tariffs, fires/weather, reporting changes, and still-sluggish Topgolf comps, the analyst tells investors in a research note. Despite these challenges however, many of which have “admittedly lasted longer than anticipated”, Roth remains at Buy as it continues to see value in the planned Topgolf separation for the company, the firm added.
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Read More on MODG:
- Topgolf Callaway price target lowered to $6 from $9.50 at Morgan Stanley
- Sell Rating for Topgolf Callaway Brands Amid Lowered 2025 Guidance and Profit Decline Concerns
- Balanced Outlook on Topgolf Callaway Brands Amid Strong Q4 Results and Future Uncertainties
- Topgolf Callaway Brands Reports Q4 2024 Earnings
- Topgolf Callaway sees Q1 revenue $1.05B-$1.09B, consensus $1.17B
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