Check Point price target lowered to $180 from $195 at Scotiabank

Scotiabank lowered the firm’s price target on Check Point (CHKP) to $180 from $195 and keeps a Sector Perform rating on the shares. The company’s Q4 billings was “good enough,” but management’s FY25 revenue outlook is “uninspiring” compared to buyside expectations, the analyst tells investors. Scotiabank believes the company has “many beautiful defensive features” and should be well insulated from the risk of “vibe coded” copycats.