Movement Alert｜Check Point Intraday Rise 5.03% in Regular Trading, UBS Raises Price Target to 145 USD

Market Focus10-24

On October 24, Check Point recorded an Intraday Rise of 5.03% in Regular Trading, trading at USD 159.64 with turnover of USD 270 million.

The clearest catalyst in publicly available information was UBS raising its price target on October 15 to USD 145 from USD 135 while maintaining a Neutral rating, which helped refocus the market on valuation support.

Supporting context from the company’s latest reported quarter showed non-GAAP EPS of USD 2.55, above the USD 2.45 consensus, while revenue of USD 673.6 million was slightly below expectations. Check Point also maintained full-year guidance for revenue of USD 2.77 billion to USD 2.85 billion and non-GAAP EPS of USD 10.05 to USD 10.85. Even as some institutions remained cautious on near-term growth and go-to-market disruption, earnings resilience together with the target-price increase appears to have supported the stock’s move.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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