CHKP Price Prediction Next Week
Technical Analysis: CHKP is currently trading at $222.14, showing strong momentum with RSI-14 at 71.89, indicating slightly overbought conditions. The stock is trading above all major moving averages (SMA 5, 10, 20, 60, 200), suggesting a robust uptrend.
Price Targets and Analyst Sentiment: Multiple analysts have recently raised their price targets:
- Susquehanna: $255
- Truist Securities: $250
- BMO Capital: $245
- Barclays: $230
Support and Resistance Levels:
- Key resistance: $224.15 (Fibonacci R2)
- Key support: $216.13 (Fibonacci Pivot)
- Secondary support: $211.18 (Fibonacci S1)
News Impact: Recent positive analyst coverage and strong Q4 performance have contributed to bullish sentiment. The company is successfully transitioning to a broader security company, benefiting from increasing cybersecurity demands amid growing AI-driven threats.
Price Prediction for Next Week: Based on technical indicators and recent momentum:
- Target Price: $227-230
- Stop Loss: $216
Trading Recommendation: BUY Rationale:
- Strong upward momentum with price above all major moving averages
- Multiple positive analyst revisions
- Strong fundamental backdrop in cybersecurity sector
- Technical support levels provide favorable risk-reward ratio
Entry points:
- Immediate entry: $222.14
- Better entry on pullback: $218-220 range
CHKP Similar Chart Price Prediction
The price of CHKP is predicted to go up 0.58%, based on the high correlation periods with CASH. The similarity of these two price pattern on the periods is 99.1%.
CHKP
CASH
Up: 0.58%Similarity: 99.1%
CHKP Revenue Forecast
CHKP EPS Forecast
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CHKP VS S&P500
Check Point's Infinity cybersecurity platform is growing fast as it is meeting customers' increasing desire to reduce cybersecurity complexity via fewer separate products and vendors.
The company's movement into cloud-based and mobile user security offers large growth opportunities to supplement its network security portfolio.
Increasing subscription-based sales and growing recurring revenue enhances the predictability of Check Point's cash flow stream.
CHKP Analyst's Forecast
Matthew Hedberg
RBC Capital
Hold
2025-01-31
Price Target
$187 → $215
Downside
-1.39%
RBC Capital raised the firm's price target on Check Point to $215 from $187 and keeps a Sector Perform rating on the shares. The company delivered a solid finish to the year relative to expectations with 11% billings growth and 6% revenue growth, the analyst tells investors in a research note. The highlight of the call was hearing from the new CEO as the firm is positive on Check Point's priorities around refining go-to-market, creating a hybrid mesh network, and focusing on delivering healthy, sustainable growth, RBC added.
Joel Fishbein
Truist Securities
Strong Buy
2025-01-31
Price Target
$220 → $250
Upside
+14.67%
Shyam Patil
Susquehanna
Buy
2025-01-31
Price Target
$215 → $255
Upside
+16.96%
