Bank of America Securities analyst Tal Liani has maintained their bullish stance on CHKP stock, giving a Buy rating on October 17.
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Tal Liani’s rating is based on a combination of factors that suggest Check Point’s stock is undervalued and poised for potential long-term growth. Despite the company’s current slow revenue growth, which is not expected to accelerate significantly in the near term, the stock’s valuation is considered attractive. This is partly due to Check Point’s underperformance compared to the broader market, making it a potentially lucrative investment opportunity.
Additionally, management’s strategic investments in revitalizing the product portfolio and enhancing market strategies are seen as positive steps that could yield results over time. The stable and predictable nature of subscription and maintenance revenues provides a solid foundation, while product revenue growth remains a variable factor. Although immediate growth catalysts are limited, the ongoing efforts to innovate and expand the company’s offerings are expected to eventually contribute to improved financial performance.
In another report released on October 17, TD Cowen also maintained a Buy rating on the stock with a $285.00 price target.