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J.P. Morgan Maintains Check Point Software(CHKP.US) With Hold Rating, Announces Target Price $210

Moomoo News ·  Oct 28 16:33  · Ratings

J.P. Morgan analyst Brian Essex maintains $Check Point Software (CHKP.US)$ with a hold rating, and sets the target price at $210.

According to TipRanks data, the analyst has a success rate of 57.7% and a total average return of 11.3% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Check Point Software (CHKP.US)$'s main analysts recently are as follows:

  • The firm is anticipating validation of substantial fundamental enhancements prior to adopting a more optimistic stance. Nonetheless, the transition to a new CEO, a focus on higher growth sectors, the introduction of a new quantum product cycle, and more favorable comparative figures are seen as potential drivers that may underpin improved growth.

  • Check Point is anticipated to maintain a strong position as it approaches the year 2025. It is suggested that the company's widening range of product offerings could lead to an annual billing growth of approximately 7% by 2025, which surpasses the mid-single digit growth projections held by consensus.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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