UBS analyst Roger Boyd raised the firm’s price target on Check Point (CHKP) to $215 from $210 and keeps a Neutral rating on the shares. Check Point’s Q3 was strong after a “somewhat disappointing” first half, and though upside to product and total revenue was muted, 20% year over year billings growth was impressive, the analyst tells investors in a research note.
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Read More on CHKP:
- Balanced Outlook on Check Point Software: Strong Billings Growth Amid Caution on Revenue and Valuation
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- Check Point price target raised to $235 from $230 at Jefferies