Check Point up; Scotiabank upgrades to 'sector outperform'

Check Point Software Technologies

06/07/2026 11:42

** Cybersecurity firm Check Point Software Technologies' CHKP.O shares rise 1.1% to $138 premarket
** Scotiabank upgrades stock to "sector outperform"
** Brokerage says CHKP is an AI beneficiary as companies increase cybersecurity spending to prepare for advanced threats and strengthen core infrastructure like firewalls
** Improvements in frontier AI models from Anthropic and OpenAI have created a new set of cyber risks - brokerage
** "Our fieldwork has found a sense of urgency as CISOs race to harden their cyber defenses before Mythos level capabilities are widespread" - Scotiabank
** 16 of 39 brokerages rate the stock "buy" or higher and 23 "hold"; median PT $142 - data compiled by LSEG 
** Up to last close, stock down ~27% YTD

 (Reporting by Anzar Mehraj in Bengaluru)
 ((Anzar.Mehraj@thomsonreuters.com;))