Cantor Fitzgerald analysts initiated coverage on Check Point Software (NASDAQ:CHKP) with a Neutral rating and a $200 price target on the stock. The analysis highlights Check Point’s strong presence in the cybersecurity space, driven by its established network security customer base and strategic acquisitions that enable the company to remain competitive in an evolving market.
Check Point is characterized by steady cash flows, robust margins, and growth opportunities in its subscription software segment and through targeted acquisitions. However, its slower growth trajectory relative to peers tempers the bullish outlook. The company’s projected 5.5% revenue growth for fiscal 2025 aligns with consensus estimates but lags behind the double-digit growth rates of faster-growing competitors.
In the near term, a rebound in fourth-quarter billings, the integration of recent acquisitions like CyberInt and Perimeter81, and the leadership of new CEO Nadav Zafrir are expected to provide momentum. According to the analysts, over the longer term, the company’s integrated Infinity platform is poised to drive incremental top-line growth, while Check Point’s consistent operating margins of 42% or higher make it a stable investment choice.