Check Point initiated with a Neutral at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage of Check Point (CHKP) with a Neutral rating and $200 price target Check Point is an established player in the cybersecurity market that has been “largely maintaining its installed base of network security customers and remaining competitive in the modern era,” the analyst tells investors. The firm believes the stock’s valuation reflects its maturity and while growing slower than peers, the company offers steady cash flows, strong margins, and upside from its higher growth subscription software segment and targeted acquisitions.