Analyst Shaul Eyal from TD Cowen maintained a Buy rating on Check Point and keeping the price target at $285.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Shaul Eyal has given his Buy rating due to a combination of factors that highlight Check Point’s strong market position and growth potential. The company’s third-quarter results are expected to exceed targets, with billings and product revenue showing significant year-over-year growth. This performance is attributed to the absence of macroeconomic weaknesses and the resilience of security spending, which remains critical for enterprises and mid-market segments.
Furthermore, Check Point’s defensive characteristics make it an attractive investment during uncertain times. The company’s strategic initiatives, such as the expansion of its Quantum Force appliances and the growth of its Infinity platform, are expected to drive revenue growth. Additionally, the potential for upward revisions in fiscal year 2025 guidance, as macroeconomic concerns diminish, supports the positive outlook for Check Point’s stock.