Citigroup Maintains Neutral on Check Point Software, Raises Price Target to $155
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Fatima Boolani has maintained a Neutral rating on Check Point Software (NASDAQ:CHKP) and increased the price target from $140 to $155.
January 10, 2024 | 4:14 pm
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Citigroup has maintained a Neutral rating on Check Point Software but raised the price target from $140 to $155, indicating a positive outlook on the company's valuation.
The increase in price target by Citigroup reflects a more positive valuation of Check Point Software's stock, which could lead to increased investor confidence and a potential short-term rise in the stock price. The Neutral rating suggests that the stock is fairly valued at current levels, but the raised target indicates that Citigroup sees some room for growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100