CHKP Stock Price Target: What To Expect From CHKP in
CHKP Stock Price Target: What To Expect From CHKP in 2020

CHKP Stock Price Target: What To Expect From CHKP in 2020

 CHKP Stock Price Target

Move on for it takes very little effort to stand still and do nothing. Sol Palha

 CHKP Stock Price Target

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions.

It provides Check Point Infinity Architecture, a cybersecurity architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile; CheckPoint Network Security, security gateways and software platforms that support small business and large enterprise data centre and telco-grade environment; and Check Point SandBlast family for threat prevention and zero-day protection.

The company also offers Check Point CloudGuard cloud security product that delivers threat prevention security, cloud visibility, cloud security posture management, and workload protection solutions for enterprise cloud networks, data, and applications; Check Point SandBlast Mobile for mobile security in iOS and Android devices. Yahoo Finance

CHKP Stock Earnings Per Share

CHKP Stock Earnings Per Share 

Zachs is projecting that EPS will continue to rise well in 2022 and then peak. We think Zach’s is wrong on this front as the demand for cybersecurity will rise exponentially with the debut of bad AI. Bad AI entails organised crime using AI-based programs to seek security loopholes that can be exploited. The only way to deal with such programs will be for AI-based security programs to spot them and block those loopholes.  Hence, we feel that the EPS will continue to trend upwards for the foreseeable future.

CHKP Stock Price Target for 2020 and beyond

CHKP Check Point Software Technologies Ltd. daily Stock Chart

There is a strong zone of resistance in the 109 to 114 ranges. A monthly close above 114 will pave the way for the CHKP to trade to the 128 to 132 ranges with a possible overshoot to 147. After that, the stock should pullback briefly and test the 114 to 119 ranges before going to put in a series of 52-week highs.  Traders should view strong pullbacks through a bullish lens.

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