Check Point price target lowered to $160 from $210 at Wedbush

Wedbush lowered the firm’s price target on Check Point (CHKP) to $160 from $210 and keeps an Outperform rating on the shares. The firm notes the company reported its Q1 results which featured a slight miss on the top line and a bottom line beat that will be overshadowed by a lowered FY26 revenue guide as ongoing GTM organizational changes created near-term disruption in the firewall/product business that will linger into Q2 before improving in the second half of the year.