Citi lowered the firm’s price target on Check Point (CHKP) to $200 from $210 and keeps a Neutral rating on the shares. Citi also added a “downside 90-day catalyst watch” on Check Point. The firm is cautious on firewall refresh activity, which creates a lack of confidence in the company’s ability to accelerate sales growth.
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Read More on CHKP:
- Check Point price target lowered to $220 from $235 at Barclays
- Check Point price target lowered to $240 from $260 at Piper Sandler
- Check Point price target lowered to $195 from $215 at RBC Capital
- Check Point price target raised to $210 from $200 at Citi
- Check Point Completes $2 Billion Convertible Notes Offering