Check Point price target raised to $224 from $215 at RBC Capital

RBC Capital analyst Matthew Hedberg raised the firm’s price target on Check Point (CHKP) to $224 from $215 and keeps a Sector Perform rating on the shares as part of a broader research note previewing Q1 results in Software. The analyst notes that while the 90-day pause on reciprocal tariffs may offer some short-term relief, software buying cycles are cloudier than they were a few months ago with the on-again/off-again tariff rhetoric, also stating that the delay may have only “kicked the can down the road.” RBC adds however that investor sentiment on the stock has been positive amidst tariff uncertainty given the company’s international exposure.