Raymond James raised the firm’s price target on Check Point (CHKP) to $240 from $200 and keeps an Outperform rating on the shares. The company’s Q4 results were well above buy-side estimates, the analyst tells investors in a research note. The firm says its anticipated era of potential growth acceleration under new CEO Nadav Zafrir has begun with double-digit billings growth. This should continue to push Check Point’s valuation multiple higher, contends Raymond James.
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