Cantor Fitzgerald analyst Jonathan Ruykhaver lowered the firm’s price target on Check Point (CHKP) to $220 from $230 and keeps a Neutral rating on the shares after the company’s Q2 report and Q3 guidance. The firm expresses belief in the core product and platform strategy, but remains cautious around the growth outlook and “the inherent uncertainties that come with any major management transition.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHKP:
- Check Point price target lowered to $215 from $240 at Mizuho
- Check Point price target lowered to $210 from $229 at Stephens
- Check Point price target lowered to $230 from $260 at Jefferies
- Optimistic Outlook on Check Point’s Growth Amid Strong Product Performance and Strategic Investments
- Balanced Risk-Reward: Check Point’s Mid-Single-Digit Growth and Hold Rating