Wedbush Cuts Check Point Target from $240 to $210 Following Q4 EPS Beat
Wedbush cut its price target for Check Point to $210 from $240 and kept an Outperform rating after Q4 EPS of $3.40 topped estimates by $0.63 on $744.9M revenue roughly in line with forecasts. Analysts cite strong SASE, email and ERM demand and conservative FY26 guidance as AI-driven attacks intensify.
1. Analyst Price Target Adjustments
On February 13, Wedbush lowered its price target to $210 from $240 while maintaining an Outperform rating, citing revenue roughly in line with Street forecasts and a bottom-line beat. Baird cut its target to $220 from $245 and Stephens trimmed to $210 from $240, with both firms retaining bullish ratings.
2. Q4 Financial Performance
Check Point reported Q4 EPS of $3.40 versus a $2.77 consensus and revenue of $744.9M versus $746.4M, with calculated billings of $1.04B. The EPS beat was driven by strong customer adoption of the Hybrid Mesh Network and Workspace platforms.
3. Growth Drivers and Outlook
Analysts highlighted robust demand across SASE, email security, and ERM solutions and noted rising AI-driven cybersecurity threats are compressing attack lifecycles. Management plans to focus on securing AI transformations and embedding AI-driven security throughout its portfolio following the acquisition of Cyata.