Check Point Software Stock (CHKP): Why The Price Went Up Today

By Amit Chowdhry ● Jan 14, 2022
  • The stock price of Check Point Software Technologies Ltd. (NASDAQ: CHKP) increased by 5.67% today. This is why it happened.

The stock price of Check Point Software Technologies Ltd. (NASDAQ: CHKP) increased by over 5% during intraday trading today. Investors are responding positively to Raymond James analyst Adam Tindle upgrading Check Point to an “Outperform” rating from a “Market Perform” rating with a $140 price target.

Tindle noted that the recent channel checks suggest strong near-term demand in both emerging subscription-based technology and net new customer growth. And Tindle noted that Check Point also generates healthy cash flow on top of already significant balance sheet optionality for further platform expansion.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.