Market Overview

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

Related CHKP
Top 4 Stocks In The Security Software & Services Industry With The Highest Revenue
Bear of the Day: Palo Alto Networks (PANW) - Bear of the Day

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.

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

 

Most Popular

Related Articles (CHKP)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free