William Blair analyst Jonathan Ho has maintained their bullish stance on CHKP stock, giving a Buy rating today.
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Jonathan Ho has given his Buy rating due to a combination of factors that highlight Check Point’s strong performance and growth potential. The company reported a robust quarter with a 20% increase in billings, which was supported by organizational changes that enhanced execution and urgency. These improvements are seen as a positive trend, suggesting that the company’s strategic adjustments in sales leadership, compensation, and product management are beginning to yield results.
Moreover, Check Point’s emerging products, such as email security and SASE, have shown significant growth, exceeding 40%. Additionally, the company’s guidance for 2025 indicates promising revenue and EPS growth, reinforcing the belief that Check Point is positioned for further financial success. Despite some of the quarter’s outperformance being due to one-time events, the overall trajectory appears favorable, making Check Point an attractive investment opportunity.
Ho covers the Technology sector, focusing on stocks such as Allot, Cellebrite DI, and Check Point. According to TipRanks, Ho has an average return of 8.0% and a 50.70% success rate on recommended stocks.
In another report released today, TD Cowen also reiterated a Buy rating on the stock with a $285.00 price target.