Callaway Golf (ELY) Stock: $30 Price Target And Overweight Rating

By Amit Chowdhry ● May 12, 2022
  • The shares of Callaway Golf (NYSE: ELY) have received a $30 price target from KeyBanc. These are the details.

The shares of Callaway Golf (NYSE: ELY) have received a $30 price target from KeyBanc. And KeyBanc analyst Brett Andress is maintaining an “Overweight” rating on the shares.

Andress adjusted the rating following Callaway Golf’s first-quarter results. Callaway Golf reported a Q1 EPS of $0.44, which was $0.21 higher than analyst estimates of $0.23. And the revenue for the quarter was $1.04 billion compared to the consensus estimate of $1.01 billion.

In terms of guidance, Callaway Golf expects FY2022 revenue of between $3.935 and $3.97 billion, compared to the consensus of $3.83 billion.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.