
Wells Fargo lifts PT on IT consultancy firm EPAM Systems EPAM.N to $247 from $185
New PT is a 16.5% upside to stock's last close
Says results of its IT Services CIO Survey suggest EPAM is best positioned in near-term, levered more towards discretionary spending that enterprise decision-makers expect to rebound in 2026, and to AI-related work
Adds EPAM is less dependent on more commoditized parts of the market
Says digital focused IT services firms such as EPAM will likely benefit as more enterprises transition to the cloud
14 of 20 brokerages recommend "buy" or higher, others "hold"; median PT is $220 - data compiled by LSEG
EPAM fell 12.4% in 2025