Truist Financial analyst Michael Swartz maintains $Topgolf Callaway Brands (MODG.US)$ with a buy rating, and sets the target price at $14.
According to TipRanks data, the analyst has a success rate of 47.8% and a total average return of 14.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Topgolf Callaway Brands (MODG.US)$'s main analysts recently are as follows:
Topgolf Callaway's Q3 revenue and adjusted EBITDA surpassed expectations, yet the management's guidance revision indicates an adjustment in shipment schedules between Q3 and Q4, as well as a slower consumer activity than anticipated in Q3. Additionally, there was a sequential deceleration in same-venue-sales for Topgolf in the third quarter when looking at both 1 and 2 year comparisons, with a more noticeable slowdown in venues with three or more bays, although there was also a sequential decline in smaller bay configurations.
The recent 'mixed' Q3 report has led to a perception of Topgolf Callaway's construction deterioration as a potential concern moving forward.
Note:
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