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Bank of America Merrill Lynch Reiterates Buy Rating, $52 PT on Check Point Software Technologies

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In a report published Monday, Bank of America Merrill Lynch reiterated its Buy rating and $52.00 price target on Check Point Software Technologies Ltd. (NASDAQ: CHKP).

BofA Merrill Lynch noted, “We have a Buy on Check Point as it transitions from one growth cycle to another. We highlight software architecture that enables upselling new functionality into a large installed base, and new hardware that creates opportunities in the high-end enterprise market. These cycles are not in our estimates and if successful, numbers could rise. Sales growth deceleration, accounting headwinds, limited upside to margins are outweighed by an attractive valuation at these levels.”

Check Point Software Technologies Ltd. closed on Friday at $44.34.

Latest Ratings for CHKP

DateFirmActionFromTo
Dec 2014Deutsche BankUpgradesHoldBuy
Nov 2014JefferiesInitiates Coverage onBuy
Oct 2014NeedhamUpgradesHoldBuy

View More Analyst Ratings for CHKP
View the Latest Analyst Ratings

Posted-In: Bank of America Merrill LynchAnalyst Color Reiteration Analyst Ratings

 

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