Truist analyst Joel Fishbein raised the firm’s price target on Check Point to $140 from $130 and keeps a Buy rating on the shares. The company’s Q4 results were "solid", topping expectations on the top and bottom line amid strength across all products and geographies, the analyst tells investors in a research note. The firm added that Check Point’s product pipeline is robust as it continues its shift to a more ratable revenue model while also citing the company maintaining "best-in-class" operating margins.
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