Analyst Andrew Nowinski from Wells Fargo reiterated a Buy rating on Check Point (CHKP – Research Report) and decreased the price target to $265.00 from $280.00.
Andrew Nowinski’s rating is based on Check Point’s solid financial performance and growth potential. Despite a modest beat in the first quarter of 2025, Check Point’s free cash flow is on track to grow in the low-teens, providing strong valuation support. The company’s revenue and billings showed modest upside, driven by strong demand for their Quantum firewall appliances, which indicates positive momentum.
Additionally, Check Point’s management is optimistic about their new SASE solution, which is already gaining traction with thousands of customers and offers significant cost advantages over competitors. With the market only 20% penetrated, there is substantial opportunity for future growth. Furthermore, the creation of a new organization, “Securing the Workforce,” is expected to accelerate subscription growth by offering a unified product experience leveraging ThreatCloud AI. These factors contribute to Nowinski’s confidence in Check Point’s potential for a solid year, justifying the Buy rating.
Nowinski covers the Technology sector, focusing on stocks such as Check Point, CyberArk Software, and Dynatrace. According to TipRanks, Nowinski has an average return of 13.7% and a 51.78% success rate on recommended stocks.
In another report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $260.00 price target.