Analyst Jonathan Ruykhaver from Cantor Fitzgerald has increased the price target for Check Point Software Technologies (CHKP, Financial) from $220 to $230 while maintaining a Neutral rating. The analyst highlights a promising long-term growth trajectory for the company, underpinned by the adoption of its Infinity architecture, strong Secure Access Service Edge (SASE) offerings, and ongoing strategic mergers and acquisitions. In the short term, improved performance indicators and a robust project pipeline suggest potential for modest upside in the second quarter. Additionally, there is an expectation for fiscal year 2025 guidance to meet or slightly exceed current forecasts.
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 $237.17 with a high estimate of $285.00 and a low estimate of $175.12. The average target implies an upside of 8.41% from the current price of $218.78. 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 $187.78, suggesting a downside of 14.17% from the current price of $218.78. 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.
