Morgan Stanley Keeps a Hold Rating on Check Point (CHKP)


Morgan Stanley analyst Keith Weiss maintained a Hold rating on Check Point (NASDAQ: CHKP) today and set a price target of $115. The company’s shares opened today at $108.29.

According to TipRanks.com, Weiss is a 5-star analyst with an average return of 17.1% and a 69.4% success rate. Weiss covers the Technology sector, focusing on stocks such as Citrix Systems, Salesforce.com, and Workday Inc.

Currently, the analyst consensus on Check Point is a Moderate Buy with an average price target of $118.13, a 9.1% upside from current levels. In a report issued on October 17, Robert W. Baird also initiated coverage with a Hold rating on the stock with a $115 price target.

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Check Point’s market cap is currently $17.23B and has a P/E ratio of 21.16. The company has a Price to Book ratio of 4.75.

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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.

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