13 Best Mid Cap Growth Stocks to Buy According to Hedge Funds

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7. EPAM Systems, Inc. (NYSE:EPAM)

Market Capitalization: $9.597 billion

Number of Hedge Fund Holders: 48

EPAM Systems, Inc. (NYSE:EPAM) is one of the Best Mid Cap Growth Stocks to Buy According to Hedge Funds. On August 7, EPAM Systems, Inc. (NYSE:EPAM) reported results for its fiscal second quarter of 2025. The company topped Wall Street’s revenue and EPS expectations. Analysts have been bullish and the stock price has surged around 9.36% since the announcement.

The company delivered a quarterly revenue of $1.35 billion, reflecting 18.04% year-over-year growth and ahead of expectations by $20.09 million. The EPS of $2.77 also exceeded expectations by $0.16. Management noted that this marks the third consecutive quarter of organic growth driven by AI-led solutions and modernization efforts. The company also raised its full-year revenue growth forecast to between 13% and 15%.

Recently, on August 20, JPMorgan maintained a Buy rating on EPAM Systems, Inc. (NYSE:EPAM); however, it lowered the price target from $205 to $201. The firm noted that this reduced price target reflects their upgraded model for the IT services sector in general, post the Q2 earnings. The firm believes that the sector needs an improvement in growth to drive higher valuation multiples.

EPAM Systems, Inc. (NYSE:EPAM) is a global company that provides digital engineering, cloud, and AI-enabled transformation services.

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