Jefferies analyst Joseph Gallo lowered the firm’s price target on Check Point (CHKP) to $230 from $260 and keeps a Buy rating on the shares. Moderating billings and RPO bookings growth raises questions around Check Point’s ability to grow double digits, though the firm believes investments in go to market and broadening the platform will “ultimately pay off,” the analyst tells investors in a post-earnings note.
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Read More on CHKP:
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- Balanced Risk-Reward: Check Point’s Mid-Single-Digit Growth and Hold Rating
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