RBC Capital analyst Matthew Hedberg has increased the price target for Check Point Software Technologies (CHKP, Financial), raising it to $224 from a previous $215. Hedberg maintains a Sector Perform rating on the stock as part of a broader analysis ahead of the company's first-quarter software results. Despite a temporary reprieve from the 90-day pause on reciprocal tariffs, Hedberg points out that the software buying cycles remain uncertain in light of fluctuating tariff discussions.
The delay in tariff impact may only provide short-term relief, with long-term implications still unclear. However, investor sentiment toward Check Point has remained optimistic, supported by the company's extensive international operations amid ongoing tariff uncertainties. This positive outlook reflects confidence in Check Point's ability to navigate the challenging global trade landscape.
