EPAM Systems, Inc. (NYSE:EPAM) is one of the best information technology services stocks to buy now.
On February 23, TheFly reported that Mizuho Securities trimmed the price target on EPAM Systems, Inc. from $228 to $199, while keeping an Outperform rating.
Mizuho remains positive on EPAM despite the price target reduction, with the current price target implying an upside of almost 42% as of March 3. The firm lowered the target after the company’s 2026 organic growth guidance fell short of investor expectations. The firm believes that the softer outlook is mainly driven by a sequential revenue drop from Neoris’ largest customer in the first quarter.
Over the past month, EPAM shares have plunged over 23%, and Mizuho sees this selloff as a buying opportunity, pointing to EPAM’s underlying business momentum.
In another rating update, TD Cowen also cut EPAM’s price target from $243 to $220, while maintaining a Buy rating. Apart from similar views to Mizuho’s on 2026 guidance, the firm sees improving pricing trends, AI-driven demand strength, margin expansion, and balance-sheet strength as key aspects of the stock’s positive outlook.
Out of 20 analysts covering EPAM, 70% rate it a Buy, while 30% rate it a Hold. The average price target of $195 indicates an upside potential of almost 40%.
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EPAM Systems, Inc. offers digital platform engineering and software development services. The company’s engineering services include requirement analysis and platform selection, customization, cross-platform migration, and implementation, among others.
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