UBS cuts target for Topgolf Callaway Brands stock to USD 17
Published on 10/02/2026 at 01:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
UBS lowered its price target for Topgolf Callaway Brands from USD 19.00 to USD 17.00 on September 14, 2026, while keeping a neutral rating, according to MarketBeat. The target change puts valuation and operating momentum at the center of the investor debate.
Revenue falls in second quarter
Topgolf Callaway Brands reported USD 612.20 million of revenue in the second quarter of 2026, down 44.90 percent from the same period a year earlier, MarketBeat reported on September 14, 2026. The decline contrasts with adjusted earnings per share of USD 0.39, which exceeded the USD 0.35 consensus by USD 0.04.
The earnings comparison is mixed rather than one-sided. Profitability beat expectations, but the 44.90 percent revenue contraction leaves the lower target tied to demand and growth concerns.
Analyst view remains cautious
UBS kept its neutral rating while cutting the target from USD 19.00 to USD 17.00, according to MarketBeat. MarketBeat also listed three Buy ratings and five Hold ratings, producing an overall Hold consensus and an average target of USD 19.83 on September 14, 2026.
The split between earnings execution and revenue pressure explains the restrained stance. A lower target alongside a neutral rating signals that the earnings beat has not yet resolved the broader growth question.
Tradegate price stays below yearly high
Topgolf Callaway Brands was last at the Tradegate substitute price of EUR 12.54 on September 28, 2026 at 7:24 p.m. CEST, versus EUR 12.46 previously, a plus 0.64 percent move. The same quote page showed a 52-week range of EUR 7.38 to EUR 17.42 on that date, placing the price EUR 4.88 below the high.
Topgolf Callaway Brands stock facts
- Company: Topgolf Callaway Brands Corp.
- ISIN: US1311931042
- Ticker: CALY
- Primary exchange: NYSE
- Substitute price Tradegate (as of September 28, 2026, 7:24 p.m. CEST): EUR 12.54
- Change versus prior close: plus 0.64 percent
- Prior close Tradegate (September 25, 2026): EUR 12.46
- 52-week range: EUR 7.38-EUR 17.42 (as of September 28, 2026)
- Sector / Industry: Consumer Cyclical / Leisure
- Index membership: S&P 400 MidCap
