Mizuho raised the firm’s price target on Epam Systems (EPAM) to $224 from $218 and keeps an Outperform rating on the shares after the company recently reported “strong” Q1 results and raised 2025 guidance. Following a challenging IT Services spending environment over the past two years and Epam’s “Great Relocation” of its delivery professionals, the company is set up well to accelerate organic revenue growth in 2025 and 2026, argues the analyst, who “slightly” raised the firm’s 2025 and 2026 revenue and EPS estimates.
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Read More on EPAM:
- Epam Systems price target raised to $215 from $200 at Barclays
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- Epam Systems price target raised to $194 from $170 at Piper Sandler
- Epam Systems price target raised to $215 from $210 at Guggenheim
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