Needham analyst Mayank Tandon reiterated a Buy rating on Epam Systems today and set a price target of $175.00.
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Mayank Tandon has given his Buy rating due to a combination of factors centered on EPAM’s positioning in enterprise AI and digital transformation. After attending the company’s investor day, he concluded that EPAM is particularly well placed to benefit as AI deployment by large organizations accelerates, supported by its cross-industry expertise and track record in complex IT services.
He also notes that although the company’s current expansion is relatively modest, management expects growth to speed up as more AI projects reach scale, with an explicit goal of returning to double-digit revenue growth by 2028. In his view, this improving growth trajectory, combined with EPAM’s capability set and strategic focus on AI-driven business outcomes, supports maintaining a Buy recommendation on the stock.
According to TipRanks, Tandon is an analyst with an average return of -4.8% and a 35.54% success rate. Tandon covers the Technology sector, focusing on stocks such as Agilysys, ACI Worldwide, and Epam Systems.
In another report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $220.00 price target.