Check Point Software Price Target Raised to $68.00 at MKM Partners (CHKP)
Stock analysts at MKM Partners raised their price target on shares of Check Point Software (NASDAQ:CHKP) from $63.00 to $68.00 in a report issued on Tuesday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. MKM Partners’ price objective would suggest a potential upside of 16.20% from the company’s current price.
Check Point Software (NASDAQ:CHKP) traded down 0.12% on Tuesday, hitting $58.52. 715,111 shares of the company’s stock traded hands. Check Point Software has a 52 week low of $40.60 and a 52 week high of $59.49. The stock has a 50-day moving average of $57.28 and a 200-day moving average of $51.40. The company has a market cap of $11.407 billion and a P/E ratio of 18.69.
Check Point Software (NASDAQ:CHKP) last released its earnings data on Monday, October 21st. The company reported $0.85 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.84 by $0.01. The company had revenue of $344.10 million for the quarter, compared to the consensus estimate of $343.62 million. During the same quarter last year, the company posted $0.79 earnings per share. Check Point Software’s revenue was up 3.5% compared to the same quarter last year. Analysts expect that Check Point Software will post $3.41 EPS for the current fiscal year.
CHKP has been the subject of a number of other recent research reports. Analysts at FBN Securities raised their price target on shares of Check Point Software from $65.00 to $70.00 in a research note to investors on Monday, October 21st. They now have an “outperform” rating on the stock. Separately, analysts at Gabelli initiated coverage on shares of Check Point Software in a research note to investors on Friday, October 18th. They set a “buy” rating and a $74.00 price target on the stock. Finally, analysts at Cowen and Company upgraded shares of Check Point Software from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, October 9th. They now have a $65.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $64.78.
Check Point Software Technologies Ltd. (NASDAQ:CHKP) develops technologies to communications and transactions over the Internet by enterprises and consumers.
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