Check Point Software Technologies

CHKP · NASDAQ

$140.85+$1.92 (+1.38%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $138.93

CHKP analyst rating

HoldConsensus of 25 analysts over the last 12 months. 40% rate it a buy.

Strong buy0
Buy10
Hold14
Underperform1
Sell0

12-month price target · 34 analysts

Average $147.99 (+5.1% upside)

Low: $106.05
Now: $140.85
High: $207.29

Upgrades and downgrades

The latest rating actions, newest first

CHKP analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Mizuho	Oct 15, 2026	Maintains	Neutral	$135.00 → $145.00	61%
Wedbush	Sep 11, 2026	Initiates	Neutral	$135.00	63%
Goldman Sachs	Aug 3, 2026	Maintains	Neutral	$168.00 → $150.00	58%
Citigroup	Aug 3, 2026	Maintains	Neutral	$125.00 → $130.00	71%
UBS	Jul 31, 2026	Maintains	Neutral	$130.00 → $135.00	60%
Wells Fargo	Jul 31, 2026	Maintains	Equal-Weight	$140.00 → $130.00	88%
Stifel	Jul 31, 2026	Maintains	Hold	$120.00 → $130.00	72%
Susquehanna	Jul 31, 2026	Maintains	Positive	$140.00 → $150.00	57%
Barclays	Jul 31, 2026	Maintains	Equal-Weight	$145.00 → $140.00	66%
B of A Securities	Jul 27, 2026	Maintains	Neutral	$120.00 → $140.00	60%

The case for and against

Updated Oct 18, 2026

Bull case

Check Point Software Tech is supported by a recurring-revenue cyber platform that still trades at a discount, with shares at 4.3x EV/NTM recurring revenue and 8.0x EV/NTM FCF versus peers at 11.6x and 35x, while a $2B share repurchase authorization adds capital-return support. Its subscription engine remains resilient, with security subscriptions up 11.2% to $323.2M and high-growth cohorts such as email, ERM, and SASE expanding over 40%, led by CTEM at 96% ARR growth year over year. Although near-term product revenue is pressured by a GTM transition, the company is strengthening its AI, SASE, and channel motions, which could improve conversion, reaccelerate growth, and justify a higher multiple over time.

Bear case

Check Point Software Tech is facing a weaker fundamental setup as a 1Q go-to-market reorganization disrupted firewall refresh and new-business pipeline, drove product revenue down 2.9% y/y, and prompted management to cut FY26 revenue by about $80M at the midpoint. The business also faces margin pressure from unusually tight DRAM supply, with management guiding to a 1% gross margin headwind for the full year, while billings declined 1.0% and product revenue is expected to fall 6.5% y/y in FY26. Although security subscription revenue rose 11% to $323M and RPO grew 7% to $2.59B, the core network security market remains highly competitive against Fortinet and Palo Alto Networks, limiting share gains and near-term upside.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.