Check Point price target raised to $230 from $200 at Wedbush

Wedbush raised the firm’s price target on Check Point to $230 from $200 and keeps an Outperform rating on the shares. The firm cites its positive recent checks and confidence on renewed growth for this cyber security stalwart heading into 2025. Organizations across both federal and enterprise landscapes are facing elevated cyber activity with the rise of AI, so CIOs and CISOs are rushing to implement advanced cyber solutions capable of protecting organizational infrastructure. Wedbush believes Check Point is well positioned to generate strong and durable demand in this massive market opportunity.