Citi analyst Fatima Boolani raised the firm’s price target on Check Point to $135 from $125 and keeps a Neutral rating on the shares. The analyst updated models in systems software following the quarterly results. New business was “surprisingly robust” but expansion momentum came mixed, slowing for historically strong performers and contracting for others, the analyst tells investors in a research note.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CHKP:
- Surge in Cybercrime: Check Point 2023 Mid-Year Security Report Reveals 48 Ransomware Groups Have Breached Over 2,200 Victims
- Check Point Software Technologies named 2023 Company of the Year and Best-in-Class for the Next-Generation Firewall (NGFW) industry by Frost & Sullivan
- Check Point signs definitive agreement to acquire Perimeter 81
- Check Point to Acquire Perimeter 81 – to Deliver the Fastest and most Secure SASE Solution in the Industry
- July 2023’s Most Wanted Malware: Remote Access Trojan (RAT) Remcos Climbs to Third Place while Mobile Malware Anubis Returns to Top Spot