Cowen on Checkpoint Software (CHKP): 'our favorite value oriented pick'

August 1, 2022 3:33 PM EDT
Get Alerts CHKP Hot Sheet
Price: $131.03 +0.14%

Rating Summary:
    17 Buy, 21 Hold, 7 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 5 | Down: 14 | New: 17
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Cowen analyst Shaul Eyal reiterated an Outperform rating and $164.00 price target on Checkpoint Software (NASDAQ: CHKP).

The analyst comments "CHKP is our favorite value oriented pick. Accelerating, broad-based top-line momentum supports our view that cybersecurity demand is relatively resilient to macro deceleration, and we expect top-line momentum to drive FY22 revenue ahead of current guidance. We maintain our Outperform and $164 target (7x our 2023E revenue and 20x our 2023E EPS, 17x ex cash)."

For an analyst ratings summary and ratings history on Checkpoint Software click here. For more ratings news on Checkpoint Software click here.

Shares of Checkpoint Software closed at $124.60 yesterday.

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