Check Point price target raised to $200 from $190 at Susquehanna

Susquehanna analyst Shyam Patil raised the firm’s price target on Check Point to $200 from $190 and keeps a Positive rating on the shares. The firm said they reported a healthy 4Q, with solid top line and further strength on the bottom line. The outlook calls for further top-line acceleration at the midpoints in both 1Q and 2024, with management pointing to the potential for upside beyond that contemplated in the guide.