Callaway Golf Company – Consensus Indicates 60.4% Upside Potential

Callaway Golf Company found using the ticker (ELY) now have 10 analysts covering the stock. Analyst consensus points to a buy rating. The target price ranges between 55 and 23 calculating the average target price we see 35.2. Now, with the previous closing price of 21.95, this indicates that there is 60.4% upside potential. The 50-day moving average is 22.38 and the 200-day MA is 23.33. The market cap of the company is $3,941 million. You can visit the company’s website by visiting: https://www.callawaygolf.com

The potential market capitalization would be $6,320 million based on market consensus.

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Callaway Golf Company, together with its subsidiaries, designs, manufactures and sells golf equipment, golf and lifestyle apparel and other accessories. It operates through three segments: Topgolf; golf equipment; and clothing, equipment and others. The Topgolf segment operates Topgolf venues equipped with technology hitting bays, multiple bars, dining and event spaces, as well as Toptracer ball flight tracking technology used by independent driving ranges and the broadcast television; and the digital golf game World Golf Tour. The Golf Equipment segment provides drivers, fairway woods, hybrids, irons, wedges and packaged sets, putters and used golf clubs under the Callaway and Odyssey brands, as well as golf balls under the Callaway Golf and Strata brands. The Apparel, Equipment and Others segment offers golf apparel and footwear; golf accessories, including Callaway-branded golf bags, golf gloves, headwear and practice accessories; and golf and lifestyle apparel, hats, luggage and accessories, shoes, belts, goggles, sunglasses, socks and underwear under the TravisMathew brand. This segment also provides storage equipment for sports and personal use, such as backpacks; travel bags, duffel bags and golf bags; and storage accessories, as well as outerwear, headwear and accessories under the OGIO brand. Additionally, it offers outerwear including jackets, pants, dresses, skirts and tops; and footwear and outdoor gear, including backpacks and bags, travel bags, tents, sleeping bags and accessories under the Jack Wolfskin brand. The Company sells its products through golf retailers, sporting goods retailers, online retailers, mass merchants, department stores, third-party distributors and mail-order stores, as well as through through its websites in the United States and in approximately 120 countries. The company was incorporated in 1982 and is based in Carlsbad, California.

Michael C. Ford