Truist analyst Arvind Ramnani lowered the firm’s price target on Epam Systems (EPAM) to $146 from $220 and keeps a Hold rating on the shares. The company reported a solid Q4 with revenues and operating income coming in ahead of consensus expectations, the analyst tells investors in a research note. AI revenues are trending nicely with over $600M revenue targeted for 2026, the firm adds. Truist notes however that Epam is a company in transition as it looks for further AI engagement milestones before becoming more constructive.
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