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Check Point Software Technologies (CHKP) Stock Forecast & Price Target

$174.70
+2.65 (+1.54%)
(As of 07/16/2024 ET)

Check Point Software Technologies - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 21 Wall Street analysts who have issued ratings for Check Point Software Technologies in the last 12 months, the stock has a consensus rating of "Hold." Out of the 21 analysts, 13 have given a hold rating, and 8 have given a buy rating for CHKP.

Consensus Price Target

$169.18
-3.16% Downside
High Forecast$205.00
Average Forecast$169.18
Low Forecast$140.00

According to the 21 analysts' twelve-month price targets for Check Point Software Technologies, the average price target is $169.18. The highest price target for CHKP is $205.00, while the lowest price target for CHKP is $140.00. The average price target represents a forecasted downside of -3.16% from the current price of $174.70.

TypeCurrent Forecast
7/18/23 to 7/17/24
1 Month Ago
6/18/23 to 6/17/24
3 Months Ago
4/19/23 to 4/18/24
1 Year Ago
7/18/22 to 7/18/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
9 Buy rating(s)
9 Buy rating(s)
7 Buy rating(s)
Hold
13 Hold rating(s)
13 Hold rating(s)
13 Hold rating(s)
15 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
3 Sell rating(s)
Consensus Price Target$169.18$169.18$160.16$134.13
Forecasted Upside-3.16% Downside8.93% Upside5.85% Upside6.75% Upside
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CHKP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CHKP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Check Point Software Technologies Stock vs. The Competition

TypeCheck Point Software TechnologiesComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.38
2.61
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside-3.16% Downside101.67% Upside7.62% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/14/2024KeyCorp
3 of 5 stars
J. Celino
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UpgradeHold
4/26/2024Wedbush
3 of 5 stars
 Reiterated RatingOutperform ➝ Outperform$185.00+22.18%
4/26/2024Stifel Nicolaus
5 of 5 stars
 Lower TargetHold ➝ Hold$170.00 ➝ $165.00+8.98%
4/26/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$170.00 ➝ $175.00+16.58%
4/26/2024Needham & Company LLC
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 Reiterated RatingHold
3/27/2024Mizuho
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 Reiterated RatingNeutral ➝ Neutral$160.00-2.29%
3/18/2024TD Cowen
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 Boost TargetOutperform ➝ Outperform$180.00 ➝ $205.00+22.78%
2/7/2024Truist Financial
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 Boost TargetBuy ➝ Buy$170.00 ➝ $175.00+6.40%
2/7/2024Scotiabank
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 Boost TargetSector Outperform ➝ Sector Outperform$170.00 ➝ $180.00+8.84%
2/7/2024Royal Bank of Canada
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 Boost TargetSector Perform ➝ Sector Perform$159.00 ➝ $165.00+0.39%
2/7/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$175.00 ➝ $185.00+11.52%
2/7/2024Susquehanna
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 Boost TargetPositive ➝ Positive$190.00 ➝ $200.00+24.43%
1/31/2024William Blair
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 UpgradeMarket Perform ➝ Outperform
1/29/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$132.00 ➝ $162.00+1.41%
1/10/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$140.00 ➝ $155.00+0.34%
1/10/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$140.00 ➝ $170.00+10.78%
12/18/2023Raymond James
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 UpgradeMarket Perform ➝ Outperform
12/11/2023JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$135.00 ➝ $150.00+1.81%
11/24/2023Bank of America
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 Boost TargetBuy ➝ Buy$140.00 ➝ $160.00+10.15%
10/30/2023Piper Sandler
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 UpgradeUnderweight ➝ Neutral
10/16/2023Morgan Stanley
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 UpgradeUnderweight ➝ Equal Weight$118.00 ➝ $144.00+7.21%
7/25/2023Robert W. Baird
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 Boost Target$130.00 ➝ $140.00+9.99%
7/10/2023OTR Global
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 DowngradePositive
5/2/2023Deutsche Bank Aktiengesellschaft
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 Lower Target$145.00 ➝ $135.00+12.18%
5/2/2023Credit Suisse Group
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 Lower Target$115.00 ➝ $105.00-11.41%
5/2/2023BTIG Research
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 DowngradeBuy ➝ Neutral
4/17/2023Wolfe Research
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 Initiated CoverageOutperform$151.00+14.04%
2/16/2023Sumitomo Mitsui Financial Group
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 DowngradeNeutral ➝ Underperform$125.00 ➝ $120.00-5.94%
2/14/2023The Goldman Sachs Group
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 Initiated CoverageBuy$148.00+15.39%
2/13/2023FBN Securities
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 Lower Target$155.00 ➝ $150.00+17.75%
1/23/2023Guggenheim
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 Initiated CoverageNeutral
1/5/2023Jefferies Financial Group
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 UpgradeHold ➝ Buy$135.00 ➝ $150.00+17.92%
11/2/2022Macquarie
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 Initiated CoverageNeutral$129.00-0.63%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 08:23 AM ET.

CHKP Forecast - Frequently Asked Questions

What is Check Point Software Technologies' forecast for 2024?

According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Check Point Software Technologies is $169.18, with a high forecast of $205.00 and a low forecast of $140.00.

Should I buy or sell Check Point Software Technologies stock right now?

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Check Point Software Technologies in the last year. There are currently 13 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CHKP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CHKP, but not buy additional shares or sell existing shares.

Does Check Point Software Technologies's stock price have much upside?

According to analysts, Check Point Software Technologies's stock has a predicted upside of 8.93% based on their 12-month stock forecasts.

Has Check Point Software Technologies been upgraded by Wall Street analysts recently?

Over the previous 90 days, Check Point Software Technologies's stock had 1 upgrade by analysts.

What analysts cover Check Point Software Technologies?

Check Point Software Technologies has been rated by research analysts at Barclays, KeyCorp, Needham & Company LLC, Stifel Nicolaus, and Wedbush in the past 90 days.

Do Wall Street analysts like Check Point Software Technologies more than its competitors?

Analysts like Check Point Software Technologies less than other "computer and technology" companies. The consensus rating for Check Point Software Technologies is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how CHKP compares to other companies.


This page (NASDAQ:CHKP) was last updated on 7/17/2024 by MarketBeat.com Staff

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