Check Point Software Technologies Ltd

Check Point Software Technologies Ltd Stock Forecast & Price Prediction

Live Check Point Software Technologies Ltd Stock (CHKP) Price
$191.19

36

Ratings

  • Buy 13
  • Hold 22
  • Sell 1
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$191.19

P/E Ratio

26.14

Volume Traded Today

$483,251

Dividend

Dividends not available for CHKP

52 Week High/low

196.56/126.57

Check Point Software Technologies Ltd Market Cap

$20.79B

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CHKP Summary

The Check Point Software Technologies Ltd (CHKP) share price is expected to increase by 2.06% over the next year. This is based on calculating the average 12-month share price estimate provided by 36 stock analysts who have covered CHKP. Price targets range from $170 at the low end to $225 at the high end. The current analyst consensus for CHKP is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

CHKP Analyst Ratings

About 36 Wall Street analysts have assignedCHKP 13 buy ratings, 22 hold ratings, and 1 sell ratings. This means that analysts expect Check Point Software Technologies Ltd to hold. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on CHKP. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

CHKP stock forecast by analyst

These are the latest 20 analyst ratings of CHKP.

Analyst/Firm

Rating

Price Target

Change

Date

Joseph Gallo
Jefferies

Buy

$225

Maintains

Sep 24, 2024
Shyam Patil
Susquehanna

Positive

$215

Maintains

Jul 25, 2024
Saket Kalia
Barclays

Equal-Weight

$192

Maintains

Jul 25, 2024
Joel Fishbein
Truist Securities

Buy

$200

Reiterates

Jul 25, 2024
Keith Bachman
BMO Capital

Market Perform

$200

Maintains

Jul 25, 2024
Matt Dezort
Needham

Hold


Reiterates

Jul 25, 2024
Shrenik Kothari
Baird

Neutral

$200

Maintains

Jul 25, 2024
Daniel Ives
Wedbush

Outperform

$200

Maintains

Jul 25, 2024
Brian Essex
JP Morgan

Neutral

$180

Maintains

Jul 25, 2024
Patrick Colville
Scotiabank

Sector Outperform

$200

Maintains

Jul 25, 2024
Matthew Hedberg
RBC Capital

Sector Perform

$187

Maintains

Jul 25, 2024
Joseph Gallo
Jefferies

Buy

$210

Maintains

Jul 25, 2024
Brad Zelnick
Deutsche Bank

Hold

$185

Maintains

Jul 25, 2024
Adam Borg
Stifel

Hold

$165

Maintains

Apr 26, 2024
Matt Dezort
Needham

Hold


Reiterates

Apr 26, 2024
Saket Kalia
Barclays

Equal-Weight

$175

Maintains

Apr 26, 2024
Daniel Ives
Wedbush

Outperform

$185

Reiterates

Apr 26, 2024
Daniel Ives
Wedbush

Outperform

$185

Reiterates

Apr 10, 2024
Gregg Moskowitz
Mizuho

Neutral

$160

Maintains

Mar 27, 2024
Shaul Eyal
TD Cowen

Outperform

$205

Maintains

Mar 18, 2024

CHKP Company Information

What They Do: Provides IT security products and services.

Business Model: The company generates revenue by developing and selling a diverse range of cybersecurity products and solutions, including cloud security, network security, and endpoint protection. It also offers professional services, technical support, and educational training for its clients, which include small and medium-sized businesses as well as larger enterprises.

Other Information: Founded in 1993 and headquartered in Tel Aviv, Israel, the company employs a multilevel security architecture designed to counteract advanced cyber threats. Its offerings cater to various sectors through a network of distributors, resellers, and service providers, ensuring a broad market reach.
CHKP
Check Point Software Technologies Ltd (CHKP)

When did it IPO

1996

Staff Count

6,450

Country

Israel

Sector/Industry

Technology/Software—Infrastructure

CEO

Mr. Gil Shwed

Market Cap

$20.79B

Check Point Software Technologies Ltd (CHKP) Financial Data

In 2023, CHKP generated $2.41B in revenue, which was a increase of 3.64% from the previous year. This can be seen as a signal that CHKP's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$2.06B

Revenue From 2021

$2.17B

4.93 %
From Previous Year

Revenue From 2022

$2.33B

7.53 %
From Previous Year

Revenue From 2023

$2.41B

3.64 %
From Previous Year
  • Revenue TTM $2.49B
  • Operating Margin TTM 33.4%
  • Gross profit TTM $2.13B
  • Return on assets TTM 9.9%
  • Return on equity TTM 29.5%
  • Profit Margin 33.6%
  • Book Value Per Share 25.46%
  • Market capitalisation $20.79B
  • Revenue for 2021 $2.17B
  • Revenue for 2022 $2.33B
  • Revenue for 2023 $2.41B
  • EPS this year (TTM) $7.23

Check Point Software Technologies Ltd (CHKP) Latest News

News Image

Thu, 26 Sep 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Check Point Software Technologies Ltd. announced news from Redwood City, California, on September 26, 2024. Further details were not provided in the excerpt.

Why It Matters - Check Point Software's news could indicate developments impacting its market position, product offerings, or financial performance, influencing investor sentiment and stock valuation.

News Image

Tue, 24 Sep 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - CHKP shares are positively impacted by acquisitions and a growing public sector client base, though concerns exist regarding their stretched valuation.

Why It Matters - CHKP's growth from acquisitions and public sector expansion signals potential upside, but high valuations may pose risks, impacting future performance and investment decisions.

News Image

Fri, 20 Sep 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Check Point has been recognized as a Leader in Frost & Sullivan's Email Security report for its innovative technology in advanced email protection.

Why It Matters - Check Point's recognition as a Leader in email security enhances its market credibility, potentially boosting sales and attracting investors seeking growth in cybersecurity.

News Image

Wed, 11 Sep 2024

Sentiment - NEGATIVE

Source - Reuters

Summary - U.S. utilities experienced a nearly 70% increase in cyberattacks in 2023 compared to the previous year, highlighting rising threats to critical infrastructure.

Why It Matters - Increased cyberattacks on U.S. utilities signal heightened risks to infrastructure, potentially impacting operational stability, regulatory scrutiny, and investment in cybersecurity measures.

News Image

Thu, 12 Sep 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Check Point Software Technologies Ltd. announced news on September 12, 2024, from Redwood City, California. Further details were not provided in the excerpt.

Why It Matters - Check Point Software's announcements can influence stock performance, investor sentiment, and market trends in cybersecurity, impacting portfolio strategies and valuation assessments.

News Image

Mon, 02 Sep 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Check Point has launched a new portal for MSSPs and distributors aimed at streamlining operations and enhancing service delivery efficiency.

Why It Matters - The new portal enhances efficiency and service delivery for MSSPs and distributors, potentially leading to increased sales and customer satisfaction for Check Point, positively impacting its stock performance.

...

CHKP Frequently asked questions

The highest forecasted price for CHKP is $225 from Joseph Gallo at Jefferies.

The lowest forecasted price for CHKP is $170 from Roger Boyd from UBS

The CHKP analyst ratings consensus are 13 buy ratings, 22 hold ratings, and 1 sell ratings.