In a report released yesterday, Brad Zelnick from Credit Suisse maintained a Hold rating on Check Point (CHKP), with a price target of $110.00. The company’s shares closed last Tuesday at $106.58.
According to TipRanks.com, Zelnick is a top 100 analyst with an average return of 16.3% and a 72.9% success rate. Zelnick covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Zoom Video Communications, and CrowdStrike Holdings.
The word on The Street in general, suggests a Hold analyst consensus rating for Check Point with a $111.70 average price target, a 2.0% upside from current levels. In a report issued on April 13, Barclays also maintained a Hold rating on the stock with a $109.00 price target.
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Check Point’s market cap is currently $15.46B and has a P/E ratio of 19.20. The company has a Price to Book ratio of 5.87.
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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. Its solutions cater to the following: point of sale systems, automated teller machines, private and public cloud, and telecommunications providers. The company was founded by Gil Shwed, Marius Nacht, and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.
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