BMO Capital raised the firm’s price target on Check Point to $185 from $175 and keeps a Market Perform rating on the shares after its Q4 earnings beat. Business trends for Check Point had improved and its outlook was “encouraging”, the analyst tells investors in a research note. BMO adds that it does not see the stock’s valuation as “demanding” on a relative basis.
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Read More on CHKP:
- Check Point sees Q1 adjusted EPS $1.95-$2.05, consensus $2.01
- Check Point sees FY24 adjusted EPS $8.70-$9.30, consensus $9.05
- Check Point: CEO search could take 6 months-2 years
- Check Point CEO ‘wants to be super involved in future’ of company
- Check Point (NASDAQ:CHKP) Drops Even as Q4 Results Beat Estimates
