EPAM Stock Sees Price Target Reduction Amid Soft Future Guidance

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Mizuho has reduced its price target for Epam Systems (EPAM) from $228 to $199 while maintaining an Outperform rating. This adjustment follows Epam’s future guidance falling short of investor expectations due to a decline in business from a major customer, despite strong fourth-quarter performance. Mizuho views the stock’s recent dip as a buying opportunity, emphasizing the perceived undervaluation of Epam’s core business momentum, particularly in artificial intelligence.

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