Truist raised the firm’s price target on Check Point (CHKP) to $250 from $220 and keeps a Buy rating on the shares. The firm notes the company reported Q4 revenues that were generally ahead of consensus, driven by the continued recovery in product revenue and the closing of deals that slipped in Q3, which drove billings growth of +11% year-over-year. The company continues to see strength in the Infinity Platform and called out traction in its Quantum and cloud security businesses this quarter. Check Point provided conservative FY25 guidance that accounts for GTM leadership changes, including a new CRO, Truist adds.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHKP:
- Check Point price target raised to $208 from $185 at Evercore ISI
- 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.
- Check Point sees Q1 adjusted EPS $2.13-$2.23, consensus $2.22
- Check Point says ‘walking into AI dimension,’ AI era