Epam Systems price target raised to $194 from $170 at Piper Sandler

Piper Sandler raised the firm’s price target on Epam Systems (EPAM) to $194 from $170 and keeps a Neutral rating on the shares. The firm notes the company delivered nice upside to Q1 expectations and modestly bumped up mid-point of FY25 targets. Given the momentum in the first half of the year, Epam raised the floor for its organic revenue guidance. However, it left the top end unchanged due to the fluid macro – which is prudent given the environment and the company’s recent track record, Piper adds.