Oppenheimer Assigns a Hold Rating on Check Point (CHKP)


Oppenheimer analyst Ittai Kidron assigned a Hold rating to Check Point (CHKP) today. The company’s shares closed last Monday at $117.36.

According to TipRanks.com, Kidron is a top 25 analyst with an average return of 38.2% and a 73.1% success rate. Kidron covers the Technology sector, focusing on stocks such as Zoom Video Communications, CrowdStrike Holdings, and Palo Alto Networks.

Check Point has an analyst consensus of Hold, with a price target consensus of $127.50, which is a 4.8% upside from current levels. In a report issued on April 16, RBC Capital also maintained a Hold rating on the stock with a $130.00 price target.

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Check Point’s market cap is currently $16.21B and has a P/E ratio of 20.00. The company has a Price to Book ratio of 6.68.

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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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