Analysts Reduce PT on EPAM Systems (EPAM) While Keeping Positive Outlook

Core Viewpoint - EPAM Systems, Inc. is considered one of the best information technology services stocks to buy, despite recent price target reductions by analysts [1][2]. Price Target Adjustments - Mizuho Securities reduced its price target for EPAM from $228 to $199 while maintaining an Outperform rating, indicating a potential upside of nearly 42% as of March 3 [1][2]. - TD Cowen also lowered its price target from $243 to $220 but kept a Buy rating, highlighting similar concerns regarding 2026 guidance [3]. Analyst Sentiment - 70% of analysts covering EPAM rate it a Buy, while 30% rate it a Hold, with an average price target of $195 suggesting an upside potential of almost 40% [4]. Business Performance Insights - EPAM's recent share price has dropped over 23%, which Mizuho views as a buying opportunity due to the company's underlying business momentum [2][3]. - The softer growth outlook is attributed to a sequential revenue decline from Neoris' largest customer in the first quarter [2]. Company Overview - EPAM Systems, Inc. specializes in digital platform engineering and software development services, including requirement analysis, platform selection, customization, cross-platform migration, and implementation [5].