Mizuho analyst Gregg Moskowitz maintained Check Point Software Technologies Ltd (NASDAQ:CHKP) with a Neutral and raised the price target from $150 to $160. The analyst noted that total fourth-quarter revenue growth of 4% Y/Y slightly exceeded consensus, as subscription revenue grew 15% Y/Y. The billings declined 1% Y/Y (vs. the Street’s flattish growth forecast), and product revenue (-9% Y/Y) remained significantly challenged. More positively, operating margins of 46.5% were better than expected, he said. Meanwhile, it provided a generally solid initial outlook for 2024, including revenue grow…
