BMO Capital analyst Keith Bachman lowered the firm’s price target on Check Point (CHKP) to $250 from $275 and keeps an Outperform rating on the shares. The firm notes that the company reported reasonable top-line results. Check Point benefited from stronger product revenues, including pipeline that remains unaffected by macro/tariffs at this juncture, though BMO prefers to see more revenue upside from subscriptions vs. products. The firm believes that new leadership, including the CTO, can help drive improved growth over time.
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Read More on CHKP:
- Strong Performance and Growth Potential Drive Buy Rating for Check Point
- Lockheed upgraded, Oracle downgraded: Wall Street’s top analyst calls
- Check Point says not immune to industry concerns
- Check Point sees Q2 adjusted EPS $2.32-$2.42, consensus $2.36
- Check Point Reports Strong Q1 2025 Financial Results with Double-Digit Growth
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