Berenberg Bank maintains its buy rating for Callaway Golf from

by | Dec 5, 2021 | Golf Apparel

Berenberg Bank analyst Rudy Yang confirmed his buy recommendation on Callaway Golf (NYSE 🙂 on Wednesday, setting a price target of $ 43, roughly 59.50% above the current share price of $ 26.96.

Yang expects Callaway Golf to post earnings per share (EPS) of $ -0.09 for the fourth quarter of 2021.

The current consensus among 7 TipRanks analysts is a Strong Buy rating for Callaway Golf stock with an average price target of $ 44.43.
Analysts’ price targets range from a high of $ 60 to a low of $ 38.

In its most recent earnings report, released on September 30, 2021, the company reported quarterly revenues of $ 856.46 million and net income of $ 76.01 million. The company’s market capitalization is $ 5.01 billion.

According to, Berenberg Bank analyst Rudy Yang is currently rated 1 star on a 0-5 star rating scale, with an average return of -6.7% and a success rate of 20.00%.

Callaway Golf Co. manufactures and markets golf equipment and accessories. It operates in the following segments: golf clubs, golf balls and equipment, accessories and miscellaneous. The golf clubs segment includes Callaway woods, hybrids, irons and wedges, Odyssey putters, including Odyssey’s Toulon design putters, packaged sets and sales of used golf clubs. The golf balls segment develops, manufactures and sells Callaway Golf and Strata golf balls. The Equipment, Accessories and Other segment consists of soft goods products, including golf clothing and shoes, golf bags, golf gloves, travel equipment, headgear and other golf accessories, retail clothing sales from the company’s joint venture in Japan, and OGIO branded products. The company was founded in 1982 by Ely Reeves Callaway, Jr. and is headquartered in Carlsbad, CA.

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