Goldman Sachs downgraded Check Point (CHKP) to Neutral from Buy with a price target of $207, up from $204. The firm believes the company’s earnings growth in 2025 is likely to be “muted” and is likely to weigh on the stock. Goldman’s analysis suggests that Check Point’s stock is correlated to earnings growth. It sees a scenario where Check Point selectively increases go to market and product investments in 2025, under the new CEO. While refresh cycle dynamics are likely to remain a tailwind, signals are more mixed than in 2024, the analyst tells investors in a research note.
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