Wedbush Lowers its Price Target on Check Point Software Technologies Ltd. (CHKP) to $210 and Maintains an Outperform Rating

Core Insights - Check Point Software Technologies Ltd. (NASDAQ:CHKP) is recognized as one of the 12 best tech stocks that exceeded earnings estimates [1] - The company reported Q4 EPS of $3.40, surpassing the consensus estimate of $2.77, while Q4 revenue was $744.9 million, slightly below the consensus of $746.42 million [4] - The calculated billings for the quarter reached $1.04 billion [4] Analyst Ratings and Price Targets - Wedbush lowered its price target for Check Point to $210 from $240 but maintained an Outperform rating, citing revenue alignment with expectations and strong demand across its product portfolio [1] - Baird analyst Shrenik Kothari also reduced the price target to $220 from $245 while keeping an Outperform rating, following the Q4 results [2] - Stephens lowered its price target to $210 from $240, maintaining an Overweight rating, describing the quarter as mixed but largely in line with expectations [2] Company Performance and Strategy - CEO Nadav Zafrir highlighted solid Q4 and full-year 2025 results, with revenue above the midpoint of the outlook and EPS exceeding expectations, driven by customer adoption of Hybrid Mesh Network and Workspace platforms [4] - The company plans to focus on securing customers' AI transformation and embedding AI-driven security throughout its portfolio in 2026, including the acquisition of Cyata to enhance its AI security capabilities [4] - Increased AI adoption is noted to be enabling more sophisticated attacks, reducing the attack lifecycle, which reinforces Check Point's role as a foundational security layer [1]