Check Point, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Shaul Eyal from TD Cowen maintained a Buy rating on the stock and has a $285.00 price target.
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Shaul Eyal has given his Buy rating due to a combination of factors including Check Point’s consistent execution and its strong financial standing. The company has shown positive trends in platform adoption and go-to-market strategies, which are expected to drive growth towards a 10%+ midterm target. Additionally, Check Point is benefiting from a stable demand environment, with no macroeconomic weaknesses affecting security spending, which remains robust due to its critical nature.
Furthermore, industry checks indicate healthy engagement across enterprise and mid-market segments, with Check Point maintaining pricing discipline and deal velocity. The ongoing firewall refresh cycle and the expansion of the company’s product offerings, such as Quantum Force appliances and Mobile Secure Workspace, are expected to contribute to revenue growth. As macroeconomic concerns diminish, there is potential for upward revision of fiscal year 2025 guidance, which could positively impact the stock. Eyal reiterates a price target of $285, reflecting confidence in the company’s growth trajectory.
In another report released on June 30, J.P. Morgan also maintained a Buy rating on the stock with a $257.00 price target.