Check Point Software Technologies (CHKP) Stock Forecast & Price Target

$180.55 -2.63 (-1.44%)

(As of 02:33 PM ET)

Check Point Software Technologies - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 23 Analyst Ratings

Sell
0

Hold
15

Buy
8

Based on 23 Wall Street analysts who have issued ratings for Check Point Software Technologies in the last 12 months, the stock has a consensus rating of "Hold." Out of the 23 analysts, 15 have given a hold rating, and 8 have given a buy rating for CHKP.

Consensus Price Target

$197.74
9.52% Upside

According to the 23 analysts' twelve-month price targets for Check Point Software Technologies, the average price target is $197.74. The highest price target for CHKP is $238.00, while the lowest price target for CHKP is $155.00. The average price target represents a forecasted upside of 9.52% from the current price of $180.55.

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CHKP Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)	8 Buy rating(s)
Hold	15 Hold rating(s)	15 Hold rating(s)	15 Hold rating(s)	15 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$197.74	$194.67	$183.68	$139.27
Forecasted Upside	9.52% Upside	-6.03% Downside	-3.10% Downside	-4.40% Downside
Consensus Rating	Hold	Hold	Hold	Hold

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CHKP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CHKP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Check Point Software Technologies Stock vs. The Competition

Type	Check Point Software Technologies	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.35	2.68	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	7.95% Upside	527.44% Upside	6.38% Upside
News Sentiment Rating	Positive News See Recent CHKP News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/30/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Sector Perform ➝ Sector Perform	$187.00 ➝ $187.00	+6.48%
10/30/2024	Evercore ISI 2 of 5 stars	R. Department Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	In-Line ➝ In-Line	$180.00 ➝ $185.00	+5.79%
10/30/2024	Needham & Company LLC 3 of 5 stars		Reiterated Rating	Hold
10/30/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$210.00 ➝ $205.00	+15.25%
10/30/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$205.00 ➝ $195.00	+9.63%
10/29/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$210.00 ➝ $200.00	+12.44%
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10/28/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$180.00 ➝ $210.00	+1.28%
10/25/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$200.00 ➝ $238.00	+15.87%
10/23/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$200.00 ➝ $220.00	+6.44%
10/17/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$178.00 ➝ $205.00	-0.43%
10/9/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$200.00 ➝ $230.00	+15.27%
9/24/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$210.00 ➝ $225.00	+16.08%
7/25/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Outperform ➝ Sector Outperform	$180.00 ➝ $200.00	+9.81%
7/25/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$175.00 ➝ $185.00	+0.45%
7/25/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$200.00 ➝ $215.00	+19.40%
5/14/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Celino Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
4/26/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$170.00 ➝ $165.00	+8.98%
3/18/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$180.00 ➝ $205.00	+22.78%
1/31/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform
1/29/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$132.00 ➝ $162.00	+1.41%
1/10/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$140.00 ➝ $155.00	+0.34%
1/10/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$140.00 ➝ $170.00	+10.78%
12/18/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform
10/30/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Neutral
10/16/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Equal Weight	$118.00 ➝ $144.00	+7.21%
7/10/2023	OTR Global Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Positive
5/2/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$115.00 ➝ $105.00	-11.41%
5/2/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
4/17/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$151.00	+14.04%
2/16/2023	Sumitomo Mitsui Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform	$125.00 ➝ $120.00	-5.94%
2/14/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$148.00	+15.39%
2/13/2023	FBN Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$155.00 ➝ $150.00	+17.75%
1/23/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:46 PM ET.

Should I Buy Check Point Software Technologies Stock? CHKP Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 20, 2024. Please send any questions or comments about these Check Point Software Technologies pros and cons to contact@marketbeat.com.

Check Point Software Technologies
Bull Case

Here are some ways that investors could benefit from investing in Check Point Software Technologies Ltd.:

The stock is currently priced at $174.25, which is significantly lower than its 52-week high of $210.70, suggesting potential for price appreciation.
Check Point Software Technologies Ltd. reported a strong quarterly earnings result with an EPS of $2.25, meeting analyst expectations, indicating solid financial performance.
The company has a robust market capitalization of approximately $19.16 billion, reflecting its strong position in the IT security sector.
With a return on equity of 31.84%, Check Point Software Technologies Ltd. demonstrates effective management and profitability, which can attract investors looking for reliable returns.
Recent institutional interest, with 87.62% of the stock owned by hedge funds and other institutional investors, suggests confidence in the company's future performance.

Check Point Software Technologies
Bear Case

Investors should be bearish about investing in Check Point Software Technologies Ltd. for these reasons:

The stock has a relatively high P/E ratio of 23.80, which may indicate that it is overvalued compared to its earnings, potentially leading to a price correction.
Despite a solid revenue increase of 6.5% year-over-year, the price-to-earnings-growth (PEG) ratio of 2.97 suggests that the stock may not be growing fast enough to justify its current valuation.
The beta of 0.63 indicates lower volatility compared to the market, which may limit potential gains during bullish market conditions.
Recent trading volumes have shown fluctuations, with a significant drop from an average of 932,522 shares to 598,690 shares, which could indicate reduced investor interest.
Institutional investors have been making small adjustments to their positions, which may signal uncertainty about the stock's future performance.

CHKP Forecast - Frequently Asked Questions

: According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for Check Point Software Technologies is $197.74, with a high forecast of $238.00 and a low forecast of $155.00.
: 23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Check Point Software Technologies in the last year. There are currently 15 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CHKP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CHKP, but not buy additional shares or sell existing shares.
: According to analysts, Check Point Software Technologies's stock has a predicted upside of 9.52% based on their 12-month stock forecasts.
: Over the previous 90 days, Check Point Software Technologies's stock had 1 upgrade and 1 downgrade by analysts.
: Check Point Software Technologies has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Evercore ISI, Jefferies Financial Group, JPMorgan Chase & Co., Mizuho, Needham & Company LLC, Robert W. Baird, Royal Bank of Canada, Truist Financial, and Wedbush in the past 90 days.
: Analysts like Check Point Software Technologies less than other "computer and technology" companies. The consensus rating for Check Point Software Technologies is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how CHKP compares to other companies.

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This page (NASDAQ:CHKP) was last updated on 11/26/2024 by MarketBeat.com Staff

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Check Point Software Technologies (CHKP) Stock Forecast & Price Target