TD Cowen analyst Bryan Bergin lowered the firm’s price target on Epam Systems to $203 from $282 and keeps a Hold rating on the shares. The firm said the magnitude of EPAM’s CY24 growth guide cut was a downside surprise to bulls and bears. Budding optimism that emerged into 2024 did not progress as expected with slower ramps and some incremental softness.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EPAM:
- Q1 Earnings: EPAM Stock Down on Weak 2024 Guidance
- Dow Jones (DJIA) Dominates in May: Here’s Why the Trend Could Continue
- Epam Systems narrows FY24 adjusted EPS view to $10.00-$10.30 from $10.00-$10.40
- Epam Systems sees Q2 EPS $2.21-$2.29, consensus $2.44
- Epam Systems reports Q1 EPS $2.46, consensus $2.31
