Barclays analyst Saket Kalia raised the firm’s price target on Check Point (CHKP) to $230 from $200 and keeps an Equal Weight rating on the shares following Q4 earnings with “standout” billings. The firm is modelling mid-single-digits billings/revenue growth as comparables get tougher with flat-to-down margins as mergers and acquisitions dilution works through. Barclays added that the key determinant for multiple expansion from here is getting confidence in driving sustainable double digit revenue growth.
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Read More on CHKP:
- Check Point price target raised to $250 from $220 at Truist
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- Check Point price target raised to $240 from $200 at Raymond James
- Check Point sees FY25 adjusted EPS $9.60-$10.20, consensus $9.93.
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