- The stock price of Check Point Software Technologies Ltd. (NASDAQ: CHKP) increased by 5.67% today. This is why it happened.
The stock price of Check Point Software Technologies Ltd. (NASDAQ: CHKP) increased by over 5% during intraday trading today. Investors are responding positively to Raymond James analyst Adam Tindle upgrading Check Point to an “Outperform” rating from a “Market Perform” rating with a $140 price target.
Tindle noted that the recent channel checks suggest strong near-term demand in both emerging subscription-based technology and net new customer growth. And Tindle noted that Check Point also generates healthy cash flow on top of already significant balance sheet optionality for further platform expansion.
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