Market Overview

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

Share:
Related CHKP
How Hackers Might Make You Rich
The Option Samurai Picks PayPal Over eBay
Check Point Doesn't Need To Feel Insecure (Seeking Alpha)

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
Jul 2015OTR GlobalDowngradesPositiveMixed
Jul 2015JMP SecuritiesInitiates Coverage onMarket Perform
Jun 2015BarclaysInitiates Coverage onEqual-weight

View More Analyst Ratings for CHKP
View the Latest Analyst Ratings

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

 

Related Articles (CHKP)

Get Benzinga's Newsletters