Check Point initiated with a Neutral at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage of Check Point (CHKP) with a Neutral rating and $200 price target Check Point is an established player in the cybersecurity market that has been “largely maintaining its installed base of network security customers and remaining competitive in the modern era,” the analyst tells investors. The firm believes the stock’s valuation reflects its maturity and while growing slower than peers, the company offers steady cash flows, strong margins, and upside from its higher growth subscription software segment and targeted acquisitions.

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Read More on CHKP:

• Check Point price target raised to $195 from $185 at Piper Sandler
• Check Point downgraded to Neutral from Buy at Goldman Sachs
• Treasury Department hacked by state-sponsored actor in China, NY Times reports
• Check Point price target raised to $225 from $220 at Jefferies
• Check Point price target raised to $190 from $182 at Stifel