Citi raised the firm’s price target on Epam Systems to $312 from $250 and keeps a Neutral rating on the shares. The analyst remains cautious about enterprise IT spending for early 2024 but believes a modest spending recovery is likely as the year progresses. The target change is part of the firm’s IT services 2024 preview.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on EPAM:
- Epam Systems downgraded to Hold from Buy at Jefferies
- Epam Systems upgraded to Hold from Reduce at HSBC
- Early notable gainers among liquid option names on January 4th
- Epam Systems upgraded to Outperform at Wolfe Research with headwinds priced in
- Epam Systems upgraded to Outperform from Peer Perform at Wolfe Research