Check Point downgraded to Neutral at BofA on pressured growth

As previously reported, BofA analyst Tal Liani downgraded Check Point (CHKP) to Neutral from Buy with a price target of $120, down from $260, following a “weak” Q1 report and FY26 growth outlook cut. The firm is lowering estimates to reflect these trends and sees limited justification for multiple expansion absent clearer evidence of a growth reacceleration, the analyst tells investors.