In a report released today, Shaul Eyal from Oppenheimer assigned a Buy rating to Check Point (CHKP), with a price target of $135.00. The company’s shares closed last Wednesday at $124.96, close to its 52-week high of $130.65.
According to TipRanks.com, Eyal is a top 100 analyst with an average return of 21.8% and a 71.0% success rate. Eyal covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Nuance Communications, and Ping Identity Holding.
Check Point has an analyst consensus of Hold, with a price target consensus of $126.65.
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Check Point’s market cap is currently $17.38B and has a P/E ratio of 21.90. The company has a Price to Book ratio of 5.13.
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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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