Checkpoint Software (CHKP) PT Raised to $215 at TD Cowen

TD Cowen analyst Shaul Eyal raised the price target on Checkpoint Software (NASDAQ: CHKP) to $215.00 (from $205.00) while maintaining a Buy rating.

The analyst commented: "For 2Q24, CHKP delivered solid results with revenue up 7% y/y, headlined by 14% y/y security subscription revenue growth. Infinity and Harmony were strong with Infinity recording double-digit growth and 3 Fortune Global 500 deals worth over $130M in bookings. CHKP announced its new CEO starting December 2024, industry veteran, Nadav Zafrir. We raise our PT to $215 (from $205) and reiterate Buy."

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