Truist analyst Gregory Miller raised the firm's price target on Callaway Golf to $19 from $17 and keeps a Buy rating on the shares. The firm notes that sharp stock climb this year reduces the firm's upside for now, though it also could see further stock buybacks, tariff recovery, or another 2026 guide raise as tailwinds later this year, the analyst tells investors in a research note. The sport of golf continues to benefit from positive discretionary spend trends among more affluent Americans as well as the rise of participation from newer entrants to the sport, Truist added.
