Check Point Gets a Hold from BMO Capital

By Ryan Adsit

BMO Capital analyst Keith Bachman reiterated a Hold rating on Check Point (NASDAQ: CHKP) yesterday and set a price target of $116. The company’s shares closed yesterday at $102.64.

According to TipRanks.com, Bachman is a 5-star analyst with an average return of 11.1% and a 65.5% success rate. Bachman covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Electronics for Imaging, and Palo Alto Networks.

Currently, the analyst consensus on Check Point is Moderate Buy and the average price target is $111.75, representing an 8.9% upside.

In a report issued on April 18, Morgan Stanley also upgraded the stock to Hold.

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Check Point Software Technologies Ltd. engages in the development and market of software and hardware solutions for information technology security. The firm’s products include threat prevention, next generation firewalls, mobile security, and security management. Its solutions caters to the following: point of sale systems, automated teller machines, private and public cloud, telecommunications providers, The company was founded by Gil Shwed, Marius Nacht, and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.