Evercore ISI analyst Kenneth Talanian maintained a Hold rating on Check Point (CHKP) yesterday and set a price target of $105. The company’s shares closed yesterday at $110.93.
Talanian commented:
“We continue to believe, however, growth is likely to be muted in 2019 as evidenced by the ~4% y/y revenue guidance (but likely higher billings growth). Further, management was clear that they intend to continue investing in S&M during 2019, both internally in the form of headcount but also to support partners. This is expected to lead to ~300bps of margin compression for the year.”
According to TipRanks.com, Talanian is a 5-star analyst with an average return of 16.5% and a 75.5% success rate. Talanian covers the Technology sector, focusing on stocks such as Symantec Corp, Autodesk, and CyberArk.
Currently, the analyst consensus on Check Point is a Moderate Buy with an average price target of $123.75, which is an 11.6% upside from current levels. In a report issued on January 29, Credit Suisse also maintained a Hold rating on the stock with a $110 price target.
See today’s analyst top recommended stocks >>
Check Point’s market cap is currently $17.33B and has a P/E ratio of 21.32. The company has a Price to Book ratio of 4.77.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Check Point Software Technologies Ltd. engages in the development and market of software and hardware solutions for information technology security. Its products include threat prevention, next generation firewalls, mobile security, and security management.
