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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