RBC Capital analyst Matthew Hedberg raised the firm’s price target on Check Point (CHKP) to $215 from $207 and keeps a Sector Perform rating on the shares. The company delivered good results relative to expectations, with beats across most major metrics, the analyst tells investors in a research note. Billings growth of 20% was impressive, though there were puts and takes with regards to push-outs and pull-ins from Q2-Q4, and on the profitability side with a one-time tax benefit and FX-related headwinds, the firm added.
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