Wedbush analyst Daniel Ives raised the firm’s price target on Check Point to $150 from $135 and keeps an Outperform rating on the shares. The firm notes Check Point Software delivered a solid quarter featuring a slight top-line miss, while beating on the bottom-line as the company focuses on balancing growth initiatives with cost management during a difficult macro backdrop.
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Read More on CHKP:
- Check Point price target raised to $138 from $132 at RBC Capital
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- Check Point still sees FY23 adjusted EPS $7.70-$8.30, consensus $8.02