Analysts at Topeka Capital Markets lifted their price objective on shares of Check Point Software Technologies (NASDAQ:CHKP) from $75.00 to $85.00 in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ target price points to a potential upside of 26.15% from the company’s current price.
Shares of Check Point Software Technologies (NASDAQ:CHKP) traded up 5.18% on Thursday, hitting $70.87. 2,339,322 shares of the company’s stock traded hands. Check Point Software Technologies has a one year low of $57.72 and a one year high of $72.78. The stock has a 50-day moving average of $69.50 and a 200-day moving average of $67.04. The company has a market cap of $13.460 billion and a price-to-earnings ratio of 19.85.
Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Thursday, October 23rd. The company reported $0.93 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.91 by $0.02. The company had revenue of $370.00 million for the quarter, compared to the consensus estimate of $367.10 million. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts predict that Check Point Software Technologies will post $3.66 earnings per share for the current fiscal year.
CHKP has been the subject of a number of other recent research reports. Analysts at FBR Capital Markets raised their price target on shares of Check Point Software Technologies from $74.00 to $78.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Check Point Software Technologies from $70.00 to $71.00 in a research note on Thursday. They now have a “market perform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Check Point Software Technologies in a research note on Thursday, September 4th. They now have a $75.00 price target on the stock. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $75.09.
Check Point Software Technologies Ltd. (NASDAQ:CHKP) develops technologies to communications and transactions over the Internet by enterprises and consumers.
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