Robert W. Baird analyst Jonathan Ruykhaver maintained a Hold rating on Check Point (CHKP) today and set a price target of $120. The company’s shares closed on Thursday at $119.99.
Ruykhaver wrote:
“We believe Gen 6 is the most promising development but investors should temper expectations around Infinity, at least near term. We estimate FCF to be ~flat but view the stable growth profile/shareholder friendly stance as attractive.”
According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 24.3% and a 74.6% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, Carbon Black Inc, and Varonis Systems.
Check Point has an analyst consensus of Moderate Buy, with a price target consensus of $125.30, which is a 4.4% upside from current levels. In a report issued on April 15, Deutsche Bank also maintained a Hold rating on the stock with a $125 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $132.76 and a one-year low of $93.76. Currently, Check Point has an average volume of 1.01M.
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.
