Deutsche Bank Resumes Coverage on EPAM Systems With Hold Rating, Keeps PT at $171

EPAM Systems, Inc. (NYSE:EPAM) is one of the Best Information Technology Services Stocks to Invest In. On July 16, Deutsche Bank resumed coverage on EPAM Systems, Inc. (NYSE:EPAM) stock with a Hold rating and a price target of $171.

Nate Svensson from Deutsche Bank resumed his coverage on EPAM, which was among the 25 other stocks in the payments, processors, and IT services industry. Svensson mentioned that both industries have underperformed the S&P 500 year-to-date. The analyst believes that the trade uncertainty and consumer spending concerns indicate a cloudy outlook for the group, citing “as it has been in the last five years.”

A close-up of a server running a cloud-native platform, symbolizing the power of the software-as-a-service (SaaS) business area.

EPAM Systems is set to announce its Q2 2025 earnings on August 7, with the average earnings per share estimated at around $2.61 and revenue of around $1.33 billion. During Q1 2025, the company posted adjusted EPS of $2.41, up from the estimated $2.27, and revenue exceeded estimates by $19.43 million to $1.30 billion.

EPAM Systems, Inc. (NYSE:EPAM) is a global IT services and consulting firm that offers digital engineering, cloud, and AI-enabled transformation services to businesses.

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Disclosure: None. This article is originally published at Insider Monkey.