1 Growth Stock Down 48% to Buy Right Now
Topgolf Callaway (NYSE: MODG) was formed following the merger of Callaway Golf and Topgolf International in 2021. The company, with a market capitalization of $3.7 billion, is a leader in the overall golf industry, offering popular equipment, clothing, and entertainment options that are likely familiar to many consumers.
Yet, Topgolf Callaway's shares are down 48% from their 2021 high. Propelling this decline, at least more recently, was management's downgraded guidance for the Topgolf segment in the current quarter. This was even after the business beat Wall Street estimates on adjusted earnings per share in Q1.
Despite that pessimism from investors, Topgolf Callaway could be a top growth stock to buy now. Here's why.
Source Fool.com
