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Truist Analysts Mixed on EPAM Systems (EPAM) Despite Revenue, Operating Income Beat

EPAM Systems, Inc. (NYSE:EPAM) is one of the most undervalued AI stocks to buy now.

View from Truist analysts remains mixed on EPAM Systems, Inc. (NYSE:EPAM), despite its strong fourth-quarter results, in which both revenue and operating income surpassed analyst expectations.

On the positive side, Truist remains confident in the company’s revenue momentum, which it believes should help EPAM Systems, Inc. (NYSE:EPAM) achieve its $600 million revenue target for 2026.

However, the firm remains cautious as it currently believes EPAM Systems, Inc. (NYSE:EPAM) is in a transitional phase and has yet to accelerate its AI engagement sufficiently to earn a more constructive outlook.

Accordingly, on February 20, 2026, the investment bank reduced its price target on EPAM Systems, Inc. (NYSE:EPAM) from $220 to $146 and reiterated a ‘Hold’ rating.

The company’s fourth-quarter and full-year results were released just a day earlier, where EPAM Systems, Inc. (NYSE:EPAM) posted revenue of $1.41 billion, a 12.80% year-over-year increase. For the quarter, diluted non-GAAP EPS came out at $3.26 per share, marking a 14.80% YoY growth. The company holds $1.30 billion in cash and cash equivalents as of December 31, 2025. For full-year 2026, management projects year-over-year revenue growth between 4.5%-7.5%. The quarterly performance was led by the company’s accelerating AI-native revenue, driven by steady execution and continued investment in AI innovation, according to Fejes, CEO and President of EPAM. He stated:

“By continuing to invest in AI innovation, talent development and strategic partnerships, we are driving our own transformation, building on top of our core engineering DNA and strengthening our strategic positioning to win in the AI-native build era.”

EPAM Systems, Inc. (NYSE:EPAM) provides digital engineering, cloud, and AI-enabled transformation services by combining software engineering with customer experience design, business advisory, strategy, and technology innovation services. The company’s focus remains on areas such as cloud platforms, cybersecurity, and AI.

While we acknowledge the potential of EPAM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than EPAM and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 12 Best Beaten Down Technology Stocks to Buy According to Wall Street Analysts and 7 Most Volatile Stocks Under $5 for Day Trading.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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