Market Overview

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

Share:
Related CHKP
Symantec Shares Tumble On Q4 Warning; How Is The Rest Of Security Faring?
Check Point Software Technologies And CyberX Aligns To Ensure Solutions For Industrial Networks Security

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
Apr 2016Raymond JamesDowngradesOutperformMarket Perform
Apr 2016UBSMaintainsNeutral
Mar 2016Goldman SachsInitiates Coverage onNeutral

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)

View Comments and Join the Discussion!