TD Cowen raised the firm’s price target on Check Point to $205 from $180 and keeps an Outperform rating on the shares. The firm says Check Point is its 2024 Europe best idea. The company’s cloud delivered, artificial intelligence powered, platform approach and recent go-to-market investments should sustain consistent, profitable growth and strong cash flow, the analyst tells investors in a research note. TD believes the company benefits from a hostile threat environment, rising regulation, remote work, and vendor consolidation. Check Point is the firm’s favorite value-oriented, cybersecurity name.
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