RBC Capital raised the firm’s price target on Check Point (CHKP) to $215 from $187 and keeps a Sector Perform rating on the shares. The company delivered a solid finish to the year relative to expectations with 11% billings growth and 6% revenue growth, the analyst tells investors in a research note. The highlight of the call was hearing from the new CEO as the firm is positive on Check Point’s priorities around refining go-to-market, creating a hybrid mesh network, and focusing on delivering healthy, sustainable growth, RBC added.
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