TD Cowen lowered the firm’s price target on Check Point (CHKP) to $260 from $285 and keeps a Buy rating on the shares. The company delivered a solid Q4 with 8% billings and RPO growth as the management is prioritizing AI with expanding its AI portfolio with the acquisition of Cyata, the analyst tells investors in a research note. The firm adds however that its price target reflects the market multiple contraction.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHKP:
- Check Point Posts Strong 2025 Results and Accelerates AI Security Push With New Acquisitions
- Check Point sees 2026 tax rate 16%-17%
- Check Point sees Q1 adjusted EPS $2.35-$2.45, consensus $2.37
- Check Point sees FY26 adjusted EPS $10.05-$10.85, consensus $10.48
- Check Point announces acquisition of Cyata, Rotate