Topgolf: New AI Products, Denial Of Sale Talks, And Cheap [Seeking Alpha]
Topgolf Callaway Brands Corp. (MODG)
Company Research
Source: Seeking Alpha
The company has a broad portfolio in the golf industry, including venues, equipment, and lifestyle products. New products incorporating machine learning capabilities may drive future net sales growth. Topgolf Callaway Brands Corp. ( NYSE: MODG ) recently delivered better than expected net sales growth, and announced positive 2024 FCF guidance. In addition, with a recent increase in the R&D in 2023 , MODG announced new products for 2024, which may accelerate future net sales. I think that the incorporation of machine learning capabilities in the production process could improve the performance of new products and enhance quality. There are several risks coming from the total amount of debt and M&A, however the company really looks undervalued at 10x forward EBITDA. Topgolf Callaway Brands The company has a broad portfolio around golf, which includes the production of elements and accessories for the game as well as clothing oriented towards fashion and lifestyle in addition to
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MODG
News
- Topgolf Callaway Brands Corp. (NYSE: MODG) had its price target raised by analysts at B. Riley from $18.00 to $21.00. They now have a "buy" rating on the stock.MarketBeat
- Topgolf Callaway Brands to Release First Quarter 2024 Financial ResultsPR Newswire
- Topgolf Callaway Brands Corp. (NYSE: MODG) had its price target raised by analysts at Truist Financial Co. from $18.00 to $20.00. They now have a "buy" rating on the stock.MarketBeat
- [Latest] Global Golf Training Aids Market Size/Share Worth USD 4.6 Billion by 2033 at a 5.7% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value) [Yahoo! Finance]Latest
- Topgolf Callaway Brands (NYSE:MODG) shareholders have endured a 47% loss from investing in the stock three years ago [Yahoo! Finance]Yahoo! Finance
MODG
Earnings
- 2/13/24 - Beat
MODG
Sec Filings
- 4/24/24 - Form 4
- 4/18/24 - Form ARS
- 4/18/24 - Form DEFA14A
- MODG's page on the SEC website