Check Point price target raised to $208 from $195 at Goldman Sachs

Goldman Sachs analyst Gabriela Borges raised the firm’s price target on Check Point to $208 from $195 and keeps a Buy rating on the shares after its better than expected Q2 results. The company posted its largest billings beat in about 10 quarters and also appointed Nadav Zafrir who has many years of experience evaluating technologies on the leading edge of the innovation curve as new CEO, the analyst tells investors in a research note. Check Point has the potential to move up on the innovation curve after several years of being viewed as a more legacy network security vendor, and the firm expects its momentum to continue into the second half of 2024 and into 2025, the firm added.