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

Mizuho Securities and TD Cowen have both trimmed their price targets for EPAM Systems (EPAM) due to its 2026 organic growth guidance falling short of expectations, particularly from a large Neoris customer. Despite the reductions, both firms maintain positive outlooks and ‘Outperform’ or ‘Buy’ ratings, citing strong underlying business momentum, improving pricing, AI-driven demand, margin expansion, and balance sheet strength. Analysts see the recent selloff as a buying opportunity, with an average price target indicating significant upside potential.