Check Point Software Technologies Named a Leader in the Gartner® Magic Quadrant™ for Network Firewalls
Written by Emily J. Thompson, Senior Investment Analyst
Source: globenewswire
Updated: Dec 22 2022
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Source: globenewswire
CHKP.O$0.0000%Past 6 months

No Data
Analyst Views on CHKP
Wall Street analysts forecast CHKP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CHKP is 231.35 USD with a low forecast of 200.00 USD and a high forecast of 285.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast CHKP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CHKP is 231.35 USD with a low forecast of 200.00 USD and a high forecast of 285.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 198.480

Current: 198.480

Neutral
maintain
$200 -> $210
Reason
Citi analyst Fatima Boolani raised the firm's price target on Check Point to $210 from $200 and keeps a Neutral rating on the shares. The firm updated the company's model post its $2B convertible note.
Neutral
maintain
$215 -> $225
Reason
Mizuho raised the firm's price target on Check Point to $225 from $215 and keeps a Neutral rating on the shares.
Morgan Stanley
Keith Weiss
Equal Weight
maintain
$193 -> $212
Reason
Morgan Stanley
Keith Weiss
Morgan Stanley analyst Keith Weiss raised the firm's price target on Check Point to $212 from $193 and keeps an Equal Weight rating on the shares after the company reported "solid" Q3 results. Q3 billings came in well above expectations and the firm sees signs of revitalized growth, but the pace and sustainability of change remains unclear, the analyst tells investors.
RBC Capital
Matthew Hedberg
Sector Perform
maintain
$207 -> $215
Reason
RBC Capital
Matthew Hedberg
RBC Capital analyst Matthew Hedberg raised the firm's price target on Check Point to $215 from $207 and keeps a Sector Perform rating on the shares. The company delivered good results relative to expectations, with beats across most major metrics, the analyst tells investors in a research note. Billings growth of 20% was impressive, though there were puts and takes with regards to push-outs and pull-ins from Q2-Q4, and on the profitability side with a one-time tax benefit and FX-related headwinds, the firm added.
About CHKP
Check Point Software Technologies Ltd is an Israel-based company primarily engaged in the cybersecurity industry. The Company focuses on providing AI-powered, cloud-delivered security solutions to protect corporate enterprises and governments worldwide. Their key product is the Check Point Infinity Architecture, which is a comprehensive cybersecurity platform. The Platform aims to defend against fifth-generation cyber-attacks across various networks, endpoints, cloud environments, workloads, Internet of Things (IoT), and mobile devices. Apart of that, the Company offers a range of products and services designed to secure IT infrastructure. It integrates advanced threat prevention technologies, including firewall, intrusion prevention system (IPS), antivirus, anti-bot, and sandboxing capabilities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.