Citigroup Downgrades Check Point Software to Neutral, PT Lowered to $200.

Citigroup Downgrades Check Point Software to Neutral, PT Lowered to $200.

Citigroup Inc. has downgraded Check Point Software Technologies Ltd. (NASDAQ:CHKP) to a "neutral" rating and reduced its price target to $200, according to the company's latest 13F filing with the SEC [2]. The move comes after Citigroup Inc. sold 9,631 shares of Check Point Software Technologies in the first quarter, reducing its stake in the technology company by 10.2% [2].

This adjustment follows a series of changes in the stock's price targets and ratings from various analysts. Royal Bank of Canada, Roth Capital, Wells Fargo & Company, Jefferies Financial Group, and UBS Group have all revised their ratings and price targets for Check Point Software Technologies in recent weeks [1]. The average rating among analysts is currently "Moderate Buy" with an average price target of $228.08 [1].

The recent earnings report from Check Point Software Technologies showed strong performance, with the company reporting $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.01 [1]. The company's revenue was up 6.0% compared to the same quarter last year, and it has a market capitalization of $20.38 billion [1].

Despite the recent downgrade, Citigroup's move is in line with the broader trend of analysts revising their ratings and price targets for the stock. The company's strong performance and the increasing demand for cybersecurity solutions may continue to drive its stock price, even with the recent changes in analyst ratings.

References:

[1] https://www.marketbeat.com/instant-alerts/filing-fjarde-ap-fonden-fourth-swedish-national-pension-fund-raises-stock-holdings-in-check-point-software-technologies-ltd-nasdaqchkp-2025-08-15/
[2] https://www.marketbeat.com/instant-alerts/filing-check-point-software-technologies-ltd-nasdaqchkp-shares-sold-by-citigroup-inc-2025-08-14/