Auriga Reiterates a 'Buy' Rating on Check Point Software (CHKP); Raises Price Target
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Auriga reiterates a 'Buy' rating on Check Point Software (Nasdaq: CHKP), raises price target from $29 to $34.
Auriga analyst says, "Check Point will report Q3 results the morning of Thursday, October 22. Based on our checks, we expect revenue to be roughly in-line with our $232m estimate, while EPS could modestly exceed our $0.48 number. Although CHKP has recently had a very strong move (up 25% over the past three months), we believe the stock will work higher over the coming months as the benefits from the Nokia (NYSE: NOK) transaction become even more apparent."
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