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Investing.com - Cantor Fitzgerald raised its price target on Checkpoint Software (NASDAQ:CHKP) to $230 from $220 on Wednesday, while maintaining a Neutral rating on the stock. The company, currently trading near its 52-week high of $234.35, maintains an impressive gross profit margin of 88.26% according to InvestingPro data.
The research firm cited a long-term growth path for the cybersecurity company, driven by adoption of new technologies, SASE (Secure Access Service Edge) strength, and continued strategic mergers and acquisitions. InvestingPro analysis indicates the company maintains a strong financial health score of 2.89 (GOOD), with revenue growth forecast at 6% for FY2025.
Cantor Fitzgerald’s analysis suggests modest upside for Checkpoint’s second-quarter 2025 earnings, based on improved checks and solid pipeline indicators.
The firm also anticipates an in-line to slightly higher full-year 2025 guidance from the company when it reports its quarterly results.
Despite the price target increase, Cantor Fitzgerald maintained its Neutral stance on Checkpoint Software, indicating a balanced view on the stock’s potential performance.
In other recent news, Check Point Software Technologies has reported several significant developments. The company announced the acquisition of Veriti Cybersecurity, a firm known for its automated threat exposure and mitigation platform, with the deal expected to close by the end of Q2 2025. This acquisition aims to enhance Check Point’s hybrid mesh security vision by integrating Veriti’s capabilities into its existing platform, providing multi-vendor remediation and real-time threat intelligence. Additionally, Check Point unveiled its new Quantum Smart-1 Management Appliances, which incorporate AI tools to enhance threat detection and response, catering to the needs of hybrid enterprises. These appliances are designed to manage up to 10,000 gateways and integrate with over 250 third-party solutions.
In terms of performance upgrades, Check Point announced enhancements to its Quantum Force Security Gateways, which will see a 15%-25% increase in threat prevention throughput. TD Cowen reiterated a Buy rating on Check Point Software, maintaining a price target of $285, highlighting the strategic significance of the Veriti acquisition. Meanwhile, Mizuho (NYSE:MFG) raised its price target on Check Point to $240, citing recent appreciation in comparable company multiples but maintained a Neutral rating. These recent developments reflect Check Point’s ongoing efforts to strengthen its cybersecurity offerings and competitive positioning.
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