Summary:
- Jefferies maintains a positive outlook on Check Point Software (CHKP, Financial) as earnings approach.
- Analysts foresee an 11.52% upside potential based on average price targets.
- GuruFocus's GF Value suggests a potential downside, offering diverse investment perspectives.
Jefferies Reaffirms Buy Rating on Check Point Software
Jefferies has reiterated its Buy rating for Check Point Software Technologies Ltd (NASDAQ: CHKP) in light of the company's upcoming earnings report, projecting a robust performance in the first quarter. The firm has set a target price of $255, highlighting Check Point's strong channel partnerships and steady revenue projections, even amidst challenging macroeconomic conditions. Notably, the stock has appreciated by 16% year-to-date.
Wall Street Analysts' Forecasts
A survey of 30 analysts reveals a varied but optimistic outlook for Check Point Software Technologies Ltd (CHKP, Financial). The average one-year price target stands at $238.68, with predictions ranging from a high of $285.00 to a low of $164.14. This average target proposes an 11.52% upside from the current trading price of $214.02. For a comprehensive view of these estimates, visit the Check Point Software Technologies Ltd (CHKP) Forecast page.
Consensus Recommendation
The consensus among 39 brokerage firms positions Check Point Software Technologies Ltd (CHKP, Financial) at an "Outperform" status, with an average brokerage recommendation score of 2.4. This rating is situated on a scale from 1 to 5, where 1 signifies a Strong Buy and 5 indicates a Sell.
GF Value Analysis
According to GuruFocus's proprietary metrics, the estimated GF Value for Check Point Software Technologies Ltd (CHKP, Financial) over the next year is $185.42, suggesting a potential downside of 13.36% from the current price of $214.0184. The GF Value represents GuruFocus' assessment of the fair value at which the stock should trade, grounded in historical trading multiples and business growth trajectories, alongside forward-looking performance estimations. For more in-depth data, check out the Check Point Software Technologies Ltd (CHKP) Summary page.
