In a report released yesterday, Kenneth Talanian from Evercore ISI maintained a Hold rating on Check Point (CHKP), with a price target of $105. The company’s shares closed yesterday at $116.81.
Talanian noted:
“We attended Check Point’s CPX 360 user conference in NYC today. The CPX 360 events are primarily targeted towards security practitioners. The NYC event represented one of ~58 global events held as part of Check Point’s marketing campaign. We view this series of events as well as the noticeable video advertisements seen on some airlines as evidence of Check Point’s increase in marketing efforts versus prior years. See below / within for our takeaways from the conference.”
According to TipRanks.com, Talanian is a 5-star analyst with an average return of 20.6% and a 79.7% success rate. Talanian covers the Technology sector, focusing on stocks such as CyberArk Software, Proofpoint Inc, and FireEye Inc.
Check Point has an analyst consensus of Moderate Buy, with a price target consensus of $126.70.
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Check Point’s market cap is currently $18.25B and has a P/E ratio of 22.34. The company has a Price to Book ratio of 4.87.
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Check Point Software Technologies Ltd. engages in the development and market of software and hardware solutions for information technology security. The company products include threat prevention, next generation firewalls, mobile security, and security management.
