Piper Sandler raised the firm’s price target on Check Point (CHKP) to $195 from $185 and keeps a Neutral rating on the shares. Turning the page to 2025, the firm still sees an active threat landscape buoyed by the threat of GenAI, increased geo-political tensions and broader concerns over protection of critical infrastructure. As the economy has stabilized, Piper notes IT spending intentions improved overall and are particularly strong for cyber, AI and key areas of infrastructure software.
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Read More on CHKP:
- Check Point downgraded to Neutral from Buy at Goldman Sachs
- Treasury Department hacked by state-sponsored actor in China, NY Times reports
- Check Point price target raised to $225 from $220 at Jefferies
- Check Point price target raised to $190 from $182 at Stifel
- Leadership Transition at Check Point: Nadav Zafrir Appointed CEO