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

$207.32

+2.04 (+0.99%)

(As of 10/22/2024 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 24 Analyst Ratings

Sell
0

Hold
15

Buy
9

Based on 24 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 24 analysts, 15 have given a hold rating, and 9 have given a buy rating for CHKP.

Consensus Price Target

$191.44
-7.66% Downside

According to the 24 analysts' twelve-month price targets for Check Point Software Technologies, the average price target is $191.44. The highest price target for CHKP is $230.00, while the lowest price target for CHKP is $155.00. The average price target represents a forecasted downside of -7.66% from the current price of $207.32.

CHKP Analyst Ratings Over Time

Type	Current Forecast 10/24/23 to 10/23/24	1 Month Ago 9/24/23 to 9/23/24	3 Months Ago 7/26/23 to 7/25/24	1 Year Ago 10/24/22 to 10/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)	7 Buy rating(s)
Hold	15 Hold rating(s)	16 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	$191.44	$183.68	$183.68	$137.77
Forecasted Upside	-7.66% Downside	-6.03% Downside	1.39% Upside	1.10% Upside
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	2.38	2.67	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	-7.66% Downside	1,035.88% Upside	7.94% Upside
News Sentiment Rating	Positive News See Recent CHKP News	Neutral 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
10/22/2024	Robert W. Baird 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$200.00 ➝ $210.00	+2.30%
10/17/2024	Mizuho 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$178.00 ➝ $205.00	-0.43%
10/9/2024	Wedbush 3 of 5 stars		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%
9/16/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Department Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
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%
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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	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$165.00 ➝ $187.00	+1.63%
7/25/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$180.00 ➝ $200.00	+8.70%
7/25/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$175.00 ➝ $200.00	+9.87%
7/25/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$175.00 ➝ $180.00	-0.68%
7/25/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$175.00 ➝ $192.00	+6.63%
7/25/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$200.00 ➝ $215.00	+19.40%
7/25/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
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
11/24/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$140.00 ➝ $160.00	+10.15%
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
11/2/2022	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$129.00	-0.63%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 05:31 AM 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 Sunday, October 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.:

Check Point Software Technologies Ltd. has consistently beaten analysts' earnings per share (EPS) estimates, indicating strong financial performance.
The company's revenue has been increasing year-over-year, showcasing growth potential.
Check Point Software Technologies Ltd. has a solid return on equity of 31.59%, reflecting efficient use of shareholder funds.
The stock price of Check Point Software Technologies Ltd. has been trending upwards, reaching $191.50, which could signal positive investor sentiment.
With a market cap of $21.62 billion, Check Point Software Technologies Ltd. is a well-established player in the IT security industry.

Check Point Software Technologies
Bear Case

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

The Price/Earnings to Growth (PEG) ratio of 3.05 for Check Point Software Technologies Ltd. suggests that the stock may be overvalued relative to its growth prospects.
Check Point Software Technologies Ltd. has a beta of 0.62, indicating lower volatility compared to the market, which may limit potential returns for investors seeking higher risk-reward opportunities.
The 50-day moving average price of $188.19 for Check Point Software Technologies Ltd. is below the current stock price, potentially signaling a short-term bearish trend.
Check Point Software Technologies Ltd.'s P/E ratio of 26.60 may be considered high by some investors, raising concerns about valuation.
The company's PEG ratio of 3.05 suggests that investors may be paying a premium for future growth that is not fully justified by the current stock price.

CHKP Forecast - Frequently Asked Questions

: According to the research reports of 24 Wall Street equities research analysts, the average twelve-month stock price forecast for Check Point Software Technologies is $191.44, with a high forecast of $230.00 and a low forecast of $155.00.
: 24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Check Point Software Technologies in the last year. There are currently 15 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street 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 downside of -7.66% based on their 12-month stock forecasts.
: Over the previous 90 days, Check Point Software Technologies's stock had 1 upgrade by analysts.
: Check Point Software Technologies has been rated by research analysts at Barclays, BMO Capital Markets, Deutsche Bank Aktiengesellschaft, Evercore ISI, Jefferies Financial Group, JPMorgan Chase & Co., Mizuho, Needham & Company LLC, Robert W. Baird, Royal Bank of Canada, Scotiabank, Susquehanna, 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 10/23/2024 by MarketBeat.com Staff

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