Should I Buy CALY? CALY 2026 Analysis

Should You Buy Callaway Golf Co (CALY) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Buy

Latest Price

15.010

1 Day change

3.16%

52 Week Range

Analysis Updated At

2026/02/04

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CALY is a buy right now for an impatient investor: momentum is strong (+23%/30D, +52%/90D) and near-term catalysts (Topgolf stake sale + product cycle) support continued upside.
Wall Street sentiment has improved sharply over the last week (upgrade + multiple target raises), which often sustains demand in the near term.
Fundamentals are not perfect (revenue still declining YoY), but margins improved and losses narrowed—supporting the re-rating narrative.
Politician/congress activity: No recent congress trading data available (no clear influential-flow signal).

Intellectia Proprietary Trading Signals

AI Stock Picker: no signal on given stock today.
SwingMax: No signal on given stock recently.

Technical Analysis

Trend: Strong bullish trend based on recent performance (+22.96% in 30 days; +52.50% in 90 days), indicating persistent upside momentum into the pre-market price (~$14.20).
Near-term statistical bias (pattern analogs): 60% chance of a small gain next day (+0.53%) and stronger 1-week move (~+3.7%), suggesting momentum can continue near term.
Risk from technical standpoint: after a sharp 90-day run, the stock is more prone to pullbacks/mean reversion, but the trend remains upward unless momentum breaks.

Positive Catalysts

- Topgolf stake sale: plan to sell a $1.1B stake, estimated $770M net proceeds, improving balance sheet flexibility and sharpening focus on core golf equipment.
- Industry backdrop: analysts cite vibrant participation; JPMorgan notes rounds played up materially vs 2019 and golfer base growth.
- Product/market-share catalyst: B. Riley highlights Quantum woods launch as a potential 2026 share catalyst.
- Sentiment tailwind: recent upgrade to Buy and multiple price target increases can attract incremental flows.

Neutral/Negative Catalysts

- Growth concern: latest reported quarter shows revenue down -7.79% YoY, indicating demand/segment headwinds still exist.
- Execution risk: benefits from the Topgolf transaction depend on timing, pricing, and capital allocation after proceeds.
- Positioning signals: Hedge funds and insiders are neutral (no strong confirmation from smart-money/insider accumulation).

Financial Performance

Latest quarter: 2025/Q3.
Revenue: $934M, -7.79% YoY (top-line pressure).
Profitability: Net income improved to -$14.7M (loss narrowed; +308% YoY improvement).
EPS: -$0.08, improved (+300% YoY).
Gross margin: 64.7%, up +3.07% YoY (a key positive trend supporting earnings leverage if revenue stabilizes).

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Trend: analyst stance has moved more constructive recently with an upgrade and higher targets following the PGA Show.
Recent actions:
- B. Riley: Upgraded to Buy, PT $19 (from $11) on stronger golf fundamentals and clearer outlook post-Topgolf separation; cites Quantum woods catalyst.
- Morgan Stanley: Equal Weight, PT $17 (from $15); prefers Callaway vs peers on catalysts/valuation.
- JPMorgan: Neutral, PT $16 (from $10); constructive industry commentary.
Wall Street pros vs cons:
- Pros: improving industry participation, identifiable catalysts (transaction + product cycle), and valuation/cash-flow upside narrative.
- Cons: mixed ratings remain (two neutrals/equal weight), and revenue decline keeps the fundamental recovery thesis dependent on execution.

0 Analyst Rating

Wall Street analysts forecast CALY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CALY is 0 USD with a low forecast of 0 USD and a high forecast of 0 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

0 Buy

0 Hold

0 Sell

Current: 14.550

Low

Averages

High

Current: 14.550

Low

Averages

High

JPMorgan

Neutral

maintain

$10 -> $16

AI Analysis

2026-01-23

Reason

JPMorgan

Price Target

$10 -> $16

AI Analysis

2026-01-23

maintain

Neutral

Reason

JPMorgan raised the firm's price target on Callaway Golf to $16 from $10 and keeps a Neutral rating on the shares after attending the PGA Show in Orlando. The firm says global golf rounds played are up more than 20% relative to 2019, with the number of golfers doubling.

B. Riley

Neutral -> Buy

upgrade

$11 -> $19

2026-01-22

Reason

B. Riley

Price Target

$11 -> $19

2026-01-22

upgrade

Neutral -> Buy

Reason

B. Riley upgraded Callaway Golf to Buy from Neutral with a price target of $19, up from $11. The firm sees continued strength in golf fundamentals and potential golf club market share stabilization for Callaway in 2026. With the Topgolf separation passed, B. Riley cites incremental conviction in the outlook for the golf business for the upgrade. It thinks the Quantum woods launch this year will provide a "distinct market share catalyst."

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CALY Should I Buy

CALY Should I Buy

Should You Buy Callaway Golf Co (CALY) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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