Check Point Software Technologies (CHKP, Financial) has declared its plans to acquire Veriti Cybersecurity, the pioneering platform in automated, multi-vendor threat exposure and mitigation. This strategic move is aimed at furthering Check Point's hybrid mesh security strategy.
The acquisition will boost the capabilities of Check Point's Infinity Platform by integrating an open-garden approach that facilitates seamless collaboration among different security providers. This enhancement is particularly significant in today's environment, where AI-driven threats necessitate proactive security measures. Veriti's addition underscores Check Point's commitment to a prevention-first security framework, which is crucial in mitigating potential cyber threats effectively.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 31 analysts, the average target price for Check Point Software Technologies Ltd (CHKP, Financial) is $236.05 with a high estimate of $285.00 and a low estimate of $175.12. The average target implies an upside of 3.59% from the current price of $227.86. More detailed estimate data can be found on the Check Point Software Technologies Ltd (CHKP) Forecast page.
Based on the consensus recommendation from 40 brokerage firms, Check Point Software Technologies Ltd's (CHKP, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Check Point Software Technologies Ltd (CHKP, Financial) in one year is $186.14, suggesting a downside of 18.31% from the current price of $227.86. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Check Point Software Technologies Ltd (CHKP) Summary page.
