TD Cowen analyst Shaul Eyal maintains $Check Point Software (CHKP.US)$ with a buy rating, and maintains the target price at $215.
According to TipRanks data, the analyst has a success rate of 69.2% and a total average return of 26.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Check Point Software (CHKP.US)$'s main analysts recently are as follows:
Anticipation is building for a substantial fundamental enhancement ahead of the Q3 report for Check Point. Confirmation of this improvement is sought to adopt a more optimistic perspective. The transition to a new CEO, a pivot towards faster-growing segments, the introduction of a new quantum product cycle, and more favorable comparative metrics are seen as potential drivers that could underpin improved growth.
The company is anticipated to be in a strong position as it approaches the year 2025. With the expansion of Check Point's portfolio breadth, it is expected that billings growth could reach around 7% year-over-year towards 2025, compared to the mid-single digit growth projected by consensus.
Note:
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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.
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