EPAM Systems Inc. (NYSE:EPAM) is one of them Stock up on the best IT services to shop now.
On February 23, TheFly reported that Mizuho Securities acquired EPAM Systems, Inc. (NYSE:EPAM) cut its price target from $228 to $199, while maintaining an outperform rating.
Mizuho remains bullish on EPAM despite the price target cut, with the current price target indicating a nearly 42% upside as of March 3. The company lowered the target after the company’s 2026 organic growth guidance fell short of investors’ expectations. The company believes the soft outlook was primarily driven by a decline in revenue from Neris’ largest customer in the first quarter.
Over the past month, EPAM shares have fallen more than 23%, and Mizuho sees the sale as a buying opportunity, pointing to EPAM’s core business momentum.
In another rating update, TD Cowen lowered EPAM’s price target to $220 from $243, while maintaining a buy rating. In addition to Mizuho’s similar views on 2026 guidance, the company sees improving pricing trends, AI-driven demand strength, margin expansion, and balance sheet strength as key aspects of the stock’s positive outlook.
Of the 20 analysts covering EPAM, 70% rate it a buy, while 30% rate it a hold. An average price target of $195 indicates an upside potential of approximately 40%.
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EPAM Systems Inc. (NYSE:EPAM) provides digital platform engineering and software development services. The company’s engineering services include requirements analysis and platform selection, customization, cross-platform migration, and implementation, among others.
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