Investing.com -- Barclays upgraded Check Point Software Technologies Ltd (NASDAQ: CHKP ) to Overweight, citing improving business momentum and a shift toward a growth-oriented strategy under new CEO Nadav Zafrir.

The firm raised its price target to $260, expecting a stronger narrative around potential double-digit growth.

Barclays noted that Check Point is refining its focus beyond firewall solutions, expanding its successful email security offering and adopting a hybrid approach to Secure Access Service Edge (SASE).

The company is also embracing a multi-vendor strategy, highlighted by its recent partnership with Wiz for cloud security.

Changes in go-to-market strategy, including adjustments to partner programs and sales incentives, are showing traction, with early signs of acceleration in revenue growth.

Barclays believes these efforts will help Check Point gain incremental market share while defending its existing customer base.