Morgan Stanley has lowered its price target for EPAM Systems (EPAM) to $160 from $175, while maintaining an Equal Weight rating, following the company’s Q4 earnings call and a cautious outlook for 2026. Goldman Sachs also trimmed its price target but reiterated a Buy rating, viewing the stock’s slump as an overreaction. EPAM, a provider of digital and AI transformation services, has projected Q1 2026 revenue between $1.38 billion and $1.40 billion, with adjusted profit per share between $2.70 and $2.78.
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Morgan Stanley Trims Price Target on EPAM Systems, Inc. (EPAM) to $160, Keeps Equal Weight Rating
Morgan Stanley has lowered its price target for EPAM Systems (EPAM) to $160 from $175, while maintaining an Equal Weight rating, following the company’s Q4 earnings call and a cautious outlook for 2026. Goldman Sachs also trimmed its price target but reiterated a Buy rating, viewing the stock’s slump as an overreaction. EPAM, a provider of digital and AI transformation services, has projected Q1 2026 revenue between $1.38 billion and $1.40 billion, with adjusted profit per share between $2.70 and $2.78.