7 Analysts Have This To Say About Topgolf Callaway Brands
Portfolio Pulse from Benzinga Insights
Over the past three months, 7 analysts have evaluated Topgolf Callaway Brands (NYSE:MODG), with a mix of bullish and bearish opinions. The average 12-month price target has decreased by 32.16% to $13.71. Analysts have lowered their ratings and price targets, reflecting a cautious outlook. Despite challenges, the company shows strong profitability and effective asset utilization, but faces concerns over revenue decline and high debt-to-equity ratio.
August 29, 2024 | 6:01 pm
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Topgolf Callaway Brands (NYSE:MODG) has seen a decrease in its average 12-month price target by 32.16% to $13.71, with analysts lowering their ratings and price targets. The company faces challenges with a revenue decline and high debt-to-equity ratio, but maintains strong profitability and effective asset utilization.
The decrease in the average price target and the lowering of ratings by multiple analysts indicate a negative sentiment towards MODG in the short term. The company's revenue decline and high debt-to-equity ratio contribute to this outlook, despite its strong profitability and asset utilization.
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