In this article, we will discuss: 10 Best Golf Stocks to Buy According to Analysts.
Golf stocks are publicly traded firms that are part of the golf industry. These companies include businesses that manufacture golf equipment, operate golf courses, and provide associated services, giving investors a chance to engage in the golf market.
The golf industry continues to evolve with women, social play, lessons, and online bookings driving key developments. According to a report by NBC Sports Next, female engagement has grown by 15%, with 800,000 more women golfers joining between 2020 and 2022, compared to a 2% rise among male golfers. Women now account for one-third of junior players and 49% of surveyed golfers. Golf remains a strongly social activity, with 49% of surveyed golfers primarily playing with friends. Business-related golf is also growing, notably among GolfNow users. While 36% of golfers took a lesson in the previous year, the number rose to 67% among GolfNow customers, with many preferring a combination of on-course and facility-based training. Moreover, younger golfers are frequently booking online, with 43% of those aged 18 to 34 reserving at least one round by 2023. Speed and convenience are essential, with 55% citing online booking as the quickest option. These developments point out expansion prospects for courses that cater to women, social golfers, and digitally aware players.
According to the National Golf Foundation’s research, the golf business in the United States is still expanding rapidly, with 45 million Americans (aged 6 and up) playing golf in 2023, including 26.6 million on-course and 18.4 million in off-course venues like simulators and Topgolf. The business has seen nearly 2 million new golfers each year for the past ten years, with 3.4 million first-time players projected in 2023 alone. The largest consumer age group is still young adults (18-34 years old), with 6.3 million participants on the course and 5.8 million off. Since 2019, juniors (3.5 million) have shot up by 40%, with girls accounting for 37%. Female involvement has climbed to 7 million, making up 26% of on-course golfers. In 2023, rounds played reached a record high of 531 million, beating the pre-pandemic average by more than 10%. The US offers 16,000 courses at 14,000 facilities, with 75% open to the public. Despite a 12% drop in course supply since 2006, demand remains high, with 22.4 million people expressing a desire to play.
Finally, TGL, the golf league that began playing matches in January 2025, is combining digital and physical components to create an entirely new hybrid golf experience. Teams of golfers compete in a specially created venue across a set of custom-made holes. They begin by hitting a large-screen simulator of real terrain, then shift to a transformable turntable as the green. Broadcasting innovations aimed at bringing golfers’ experiences closer to home viewers were deemed crucial from the start. The 2025 PGA Merchandise Show in Orlando showcased the golf industry’s strong momentum.
Marc Simon, Vice President of PGA Golf Exhibitions, stated:
“The show is a reflection of the industry, and golf is thriving right now,” “With the surging popularity of golf, we saw the largest number of exhibitors and largest occupied space since 2009, which is encouraging to see.”
The exhibition included over 1,000 exhibitors spread across 1.1 million square feet, showcasing golf’s continuous development in the $102 billion industry. More than 1,200 VIP buyers from 770 golf courses and mass merchandisers attended, totaling $810 million in purchasing power and roughly $2 billion in retail sales potential. The event has progressed beyond typical golf equipment and gear to include fitness, health, and wellness areas, as well as racquet sports and club facilities. The Clubhouse exhibition space was doubled in size, mirroring the trend in golf facilities toward broader member experiences.
Technology was a major focus, with AI-powered golf simulators, effective ball-flight data, and next-generation golf carts catering to growing personal cart ownership. Golf’s trends are shifting, with a record 200 influencers in attendance and robust clothing growth fueled by Gen Z consumers. The PGA Show’s reinvention is in line with industry trends, stressing experiential marketing and innovation. Looking ahead, organizers intend to continue responding to changing company needs in order to ensure long-term industry success.
With that said, here are the 10 Best Golf Stocks to Buy According to Analysts.
A golfer in the summer sun taking a swing on the green of a pristine golf course.
Methodology
For this list, we compiled an initial list of 12 golf stocks, which included companies that are involved in the golf industry. Then, we selected the 10 stocks that had the highest upside potential as of April 9, 2025. We have only included stocks in our list with an upside potential of 10% or higher. The stocks are ranked in ascending order of the upside potential.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10. VICI Properties Inc. (NYSE:VICI)
Analysts’ Upside Potential as of April 9: 13.93%
VICI Properties Inc. (NYSE:VICI) is a real estate investment trust with one of the largest portfolios of market-leading gaming, hospitality, and entertainment destinations. It has 33 acres of undeveloped and underdeveloped land next to the Las Vegas Strip, as well as four championship golf courses.
The firm uses a net lease model, which means tenants are responsible for the majority of property-related costs. Both parties benefit from this. VICI Properties Inc. (NYSE:VICI) lowers its costs and reduces the risks related to growing operating costs, and its casino tenants keep operational authority over important business assets.
The company disclosed its Q4 2024 earnings, which showed that its revenues of $976 million were 4.7% higher than the same period the previous year, making it one of the Best Golf Stocks on our list. Earnings per share dropped 19.2% to $0.58, while net income available to common stockholders plummeted 17.8% year on year to $614.6 million. Changes in the CECL allowance for the quarter ending December 31, 2024, were the primary source of this reduction. Furthermore, VICI Properties Inc. (NYSE:VICI) established a new collaboration with Indigenous Gaming Partners following the latter’s acquisition of PURE Canadian Gaming’s operational assets. The transaction also included an amendment to the present master lease for these sites.
9. Acushnet Holdings Corp. (NYSE:GOLF)
Analysts’ Upside Potential as of April 9: 19.11%
Acushnet Holdings Corp. (NYSE:GOLF) is one of the Best Golf Stocks. It designs, develops, manufactures, and distributes golf goods. Its product line includes golf balls, golf shoes, golf clubs, wedges, putters, golf gloves, golf gear, and golf wear, among others. These products are available under several brands, including Titleist, FootJoy, Scotty Cemeron, Vokey Design, Pinnacle, KJUS, and others. The company’s reportable segments include Titleist golf equipment, FootJoy golf attire, and Golf Gear. The Titleist golf equipment business accounts for the majority of its revenues. Geographically, the firm’s revenue is highest in the United States, followed by Europe, the Middle East, and Asia (EMEA), Japan, Korea, and the rest of the world.
Acushnet Holdings Corp. (NYSE:GOLF) is the parent business of the main golf ball manufacturer, Titleist, and the top golf shoe brand, FootJoy. The company’s strategy revolves around its strong brand, and it shows discipline by avoiding acquisitions and focusing primarily on the two brands.
Acushnet Holdings Corp. (NYSE:GOLF) focuses on serving serious golfers because they are the most consistent customers of golf goods. Avid golfers are also more likely to spend money on high-end golf products. The total number of golf rounds played has a direct impact on the company’s performance because golf balls are a consumable product. The strategy appears to be paying off, as the business has maintained consistent growth through 2024, and the Titleist brand’s development into golf clubs and golf gear is contributing to its success. In Q4 of 2024, its revenue grew by 8% YoY while increasing by 3.15% in 2024.
8. Columbia Sportswear Company (NASDAQ:COLM)
Analysts’ Upside Potential as of April 9: 22.24%
Columbia Sportswear Company (NASDAQ:COLM) manufactures outdoor and active lifestyle garments, footwear, equipment, and accessories, which are sold under four key brands: Columbia, Sorel, Mountain Hardwear, and prAna. The majority of sales are made in the United States, but the firm also has strong sales in its three other geographic segments: Latin America and Asia-Pacific, Europe, the Middle East and Africa, and Canada.
The firm’s majority of sales are made through wholesale channels, such as sporting goods and department stores, although the company also has its own branded stores in each of its geographic segments. Columbia Sportswear Company (NASDAQ:COLM) is among the Best Golf Stocks and has a golf apparel section.
The business produced a strong recovery in 2021 and 2022 for investors who were following its long-term growth and income story. Columbia Sportswear Company (NASDAQ:COLM) finished the year with an impressive $815 million in cash and no debt. In the fourth quarter, net sales climbed 3% year on year to $1.1 billion, with a 50-basis-point increase in gross margin to 51.1%. The business also announced its ACCELERATE Growth Strategy, which focuses on improving brand positioning and attracting younger consumers to drive long-term success.
7. DICK’S Sporting Goods, Inc. (NYSE:DKS)
Analysts’ Upside Potential as of April 9: 24.52%
DICK’S Sporting Goods, Inc. (NYSE:DKS) is ranked seventh on our list of the Best Golf Stocks. It is the unquestioned sporting goods market leader, with over 850 stores, including Golf Galaxy and Field & Stream locations. Despite having fewer locations than some of its competitors, the company’s superstores average 50,000 square feet, making them significantly larger than the average sporting goods store.
DICK’S Sporting Goods, Inc. (NYSE:DKS) manufactures golf equipment, sports goods equipment, fitness equipment, and fishing gear, as well as apparel. It sells golf clubs, balls, bags, and accessories from popular manufacturers like Callaway, TaylorMade, and Titleist. The firm has specialized golf sections in its stores and has expanded its Golf Galaxy brand to include performance facilities that use innovative technologies such as TrackMan for customized fittings and lessons.
The business is investing in e-commerce and interactive in-store facilities like baseball simulators and golf ball monitoring technologies. It also opened over a dozen House of Sports experiential retail superstores, which featured a running track and a climbing wall. This shows how the business is using its market strength to differentiate itself from its competitors.
In the fourth quarter of 2024, DICK’S Sporting Goods, Inc. (NYSE:DKS) recorded $3.89 billion in revenue, a 0.5% increase over the same period the prior year. The revenue was also above analyst expectations by $122.89 million. Its comparable sales for the quarter climbed by 6.4%. DKS reported a net income of $300 million, up from $296 million in the previous year.
6. Newton Golf Company (NASDAQ:NWTG)
Analysts’ Upside Potential as of April 9: 28.06%
Newton Golf Company (NASDAQ:NWTG) is a technology-driven golf firm committed to changing the sport through cutting-edge, high-performance products, which makes it one of the Best Golf Stocks. The company’s growing range includes new golf shafts, putters, grips, and other golf-related accessories for players of all ability levels. The firm remains committed to excellent craftsmanship and performance, pushing the boundaries of golf technology. The firm’s production facility in St. Joseph, Missouri, offers superior quality control, as all goods are built and assembled in the United States.
Newton Golf Company (NASDAQ:NWTG) achieved extraordinary growth in 2024, with revenue increasing by 887% to $3.45 million, up from $349,000 in 2023. Q4 revenue increased 817% year on year to $1.07 million, owing to strong demand for its premium golf shafts and putters, extended market reach, and rising adoption among professional golfers, including PGA and LPGA Tour players. Gross margins surged substantially, reaching 73% in Q4 2024, up from 36% in Q4 2023, and 67% for the entire year, compared to 35% in 2023. This growth is a result of higher manufacturing figures, better pricing tactics, and operational efficiencies.
The company anticipates a revenue of $6.5 million to $7.0 million in 2025, showing that the company will continue to develop rapidly. Newton Golf Company (NASDAQ:NWTG) is in a strong position to maintain its momentum and solidify its place in the market for high-end golf equipment because of its scalable base, growing worldwide distribution, and growing tour presence.
5. Amer Sports, Inc. (NYSE:AS)
Analysts’ Upside Potential as of April 9: 35.37%
Amer Sports, Inc. (NYSE:AS) oversees a wide portfolio of ten outdoor and action sports brands, with a combined turnover of $4.4 billion in 2023. Despite being primarily controlled by the Chinese business Anta Sports, the firm functions independently. Its rapidly expanding China business is subject to more intense scrutiny, although its activities outside of China are managed with considerable independence.
The company’s Ball & Racquet Sports division provides golf and other professional and recreational sports equipment, as well as functional athletic gear. Its brand Wilson, in particular, is a significant golf equipment manufacturer, providing high-quality clubs, balls, and accessories. Although the firm manufactures golf equipment, it is most known for its tennis goods, among others. Amer Sports, Inc. (NYSE:AS) stock has generated a return of more than 56% over the past year, making it among the Best Golf Stocks.
Amer Sports, Inc. (NYSE:AS) reached record sales in 2024, with a rise of 23% in the fourth quarter of 2024 and an 18% growth for the year, totaling $5.2 billion. The company’s adjusted operating margin went up significantly, rising by more than 300 basis points in Q4 and 130 basis points for the year, reaching 11.1%. Key brands did well, with Arc’teryx exceeding $2 billion in sales and achieving 29% omni-channel growth in Q4, Salomon footwear exceeding $1 billion in sales, and Wilson regaining the top U.S. market share for Performance Racquets. The business also experienced strong growth in Greater China and APAC, with rises of 54% and 52%, respectively, strengthened by the establishment of new outlets. It earned $425 million in operating cash flow and lowered its net debt to $600 million by the end of the year, thereby improving its leverage.
4. Academy Sports and Outdoors, Inc. (NASDAQ:ASO)
Analysts’ Upside Potential as of April 9: 49.61%
Academy Sports and Outdoors, Inc. (NASDAQ:ASO) is ranked fourth on our list of the Best Golf Stocks. It operates as a full-line sporting products and outdoor recreation retailer in the United States. The company’s product areas include outdoor, apparel, sports & recreation, and footwear. Golf products include clubs, balls, bags, and accessories from a variety of well-known companies, as well as golf technology and training tools. It also offers golf apparel and footwear tailored to players of all ability levels, ensuring an extensive selection for both beginners and professionals.
The company offers national brands as well as several private-label brands. It stated that 55% of its consumers will buy a private-label brand from the retailer in 2023. Academy Sports and Outdoors, Inc. (NASDAQ:ASO) remains focused on expansion, with plans to open at least 20 locations in the fiscal year 2025, notwithstanding declining sales and earnings through 2024 due to increased supply chain costs and inflationary pressures on consumers.
Nonetheless, the outdoor category was the company’s best-performing segment in Q4 of 2024, with a 2% net sales increase driven by the Hunting, Fishing, and Camping businesses, as well as strong demand for important national brands like YETI and Stanley. Apparel sales showed signs of recovery in Q4, with only a 1% fall, because of outstanding performance in Youth Apparel, Fleece, and Workwear, particularly from brands like Carhartt and Nike over the holidays. Positive trends in new shop openings continued, with 2022 vintage stores exceeding the existing store base and 20 to 25 new stores scheduled for 2025 to fuel future development. Academy Sports and Outdoors, Inc. (NASDAQ:ASO) also achieved success with the launch of My Academy Rewards, which enrolled over 11 million customers and led to higher expenditure from loyalty members during the holidays.
3. Toll Brothers, Inc. (NYSE:TOL)
Analysts’ Upside Potential as of April 9: 51.13%
Toll Brothers, Inc. (NYSE:TOL) is next on our list of the Best Golf Stocks. The company creates communities with leisure features like golf courses. The firm takes great satisfaction in owning a sizable portion of some of the best land in the business. Premier land inventory, paired with luxurious, customizable designs, enables the company to charge industry-leading average selling prices (compared to public peers).
Toll Brothers, Inc. (NYSE:TOL) experienced exceptional growth in the first quarter, signing 2,307 net contracts worth $2.3 billion, representing a 13% surge in units and a 12% increase in dollar value over the previous year. Buyer commitment remained strong, with a low contract cancellation rate of 2.4% of the initial backlog. Profitability improved as the adjusted gross margin rose to 26.9%, topping expectations by 65 basis points. Furthermore, the deposit conversion ratio was 82%, surpassing the five-year average of 70%, showing outstanding customer follow-through. The firm retained a strong land position, owning or controlling roughly 56,000 lots, with 56% under option, providing flexibility in land acquisitions.
To bolster its financial position, the business extended the maturities of its credit facilities until February 2030 and increased the size of its revolving credit facility to $2.35 billion, therefore improving liquidity and long-term financial stability.
Baron Real Estate Fund stated the following regarding Toll Brothers, Inc. (NYSE:TOL) in its Q4 2024 investor letter:
“As noted earlier in this letter, we chose to decrease the Fund’s homebuilder exposure in D.R. Horton, Inc., Lennar Corporation, and Toll Brothers, Inc. (NYSE:TOL) in the most recent quarter following exceptional share price performance over the prior two years. From September 30, 2022, through September 30, 2024, shares of Toll Brothers, Lennar, and D.R. Horton increased 269%, 155%, and 184%, respectively. Homebuilder valuations for our investments had approached near peak valuations from prior cycles (at or above 2 times tangible book value). We also have concerns that the recent 100 basis point increase in interest rates will further crimp housing affordability. This could lead to flattening home prices and elevated homebuilder incentives to entice buyers to purchase a home. Further, the new administration policy decisions around tariffs, immigration, and deportation may increase the cost for labor and materials. The issues cited above may lead to pressure on homebuilder gross margins in 2025.
The shares of several homebuilders and residential-related building product/ services companies foreshadowed some of these concerns in the fourth quarter and valuations are becoming more compelling. We are monitoring developments closely and may look to acquire additional shares in 2025…” (Click here to read the full text)
2. NIKE, Inc. (NYSE:NKE)
Analysts’ Upside Potential as of April 9: 52.04%
NIKE, Inc. (NYSE:NKE) is among the Best Golf Stocks. It is a global athletic clothing and footwear corporation. While it is not a large player in the golf equipment market, it does provide a diverse line of golf clothes and footwear, including shoes and clothing tailored for comfort and style on the course. Its golf products are connected with well-known golfers such as Rory McIlroy and have received widespread recognition for their quality and performance attributes. However, other sports, such as basketball, jogging, and soccer, continue to receive wide attention.
The company’s business in China, a vital market, has struggled due to the economic downturn and increased competition from local businesses. NIKE, Inc. (NYSE:NKE)’s CEO, Elliott Hill, focuses on restoring the brand’s core identity: sport and the athlete, with a particular focus on rebuilding relationships with retailers and promoting innovation.
The business aims to reconnect with players and sports fans by highlighting the brand’s genuine connection to the sport. It intends to relaunch its product lineup through innovation, ensuring that its offerings are not only in line with present trends but also far ahead of the curve in terms of performance and design. NIKE, Inc. (NYSE:NKE) introduced several new items, including the Peg Premium and Vomero 18, which gained excellent consumer feedback. The new 24/7 apparel collection outperformed sales projections, showing successful footwear and apparel innovation.
Hill admits that NIKE, Inc. (NYSE:NKE) has relied too heavily on promotions to drive sales and intends to transition to a full-price model in its online business while actively eliminating outdated inventory through less profitable channels.
1. Topgolf Callaway Brands Corp. (NYSE:MODG)
Analysts’ Upside Potential as of April 9: 118.55%
Topgolf Callaway Brands Corp. (NYSE:MODG) is the Best Golf Stock. It is a golf and active lifestyle company that offers golf entertainment experiences. It also creates, manufactures, and markets active lifestyle, golf clothing, and accessories. The company’s brands include Topgolf, Callaway Golf, Odyssey, TravisMathew, Jack Wolfskin, OGIO, Toptracer, and the World Golf Tour. Its segments include Topgolf, Golf Equipment, and Active Lifestyle.
The management intends to spin out Topgolf Callaway Brands Corp. (NYSE:MODG), allowing each firm to focus on its assets and possibly improve shareholder value. In fiscal Q4 2024, the business generated $337 million in EBITDA and over 34% venue-level EBITDA margins, despite pressure on the top line. It also generated more than $100 million in free cash flow.
Topgolf Callaway Brands Corp. (NYSE:MODG) reported a total company free cash flow of $203 million, exceeding expectations and substantially strengthening its financial position. Management expressed confidence in the company’s product-side operations in 2025, as well as the health of its Golf Equipment category and product selection.
Overall, Topgolf Callaway Brands Corp. (NYSE:MODG) ranks first among the 10 Best Golf Stocks to Buy According to Analysts. While we acknowledge the potential of Golf companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than MODG but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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