Check Point (NASDAQ: CHKP) received a Buy rating and a $140 price target from Wedbush analyst Jennifer Redding today. The company’s shares opened today at $110.78.
According to TipRanks.com, Redding is a 2-star analyst with an average return of 6.0% and a 50.0% success rate. Redding covers the Services sector, focusing on stocks such as Abercrombie Fitch, Urban Outfitters, and Nordstrom Inc.
Currently, the analyst consensus on Check Point is a Hold with an average price target of $117.15.
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Based on Check Point’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $198 million. In comparison, last year the company had a net profit of $193 million.
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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.
