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Wells Fargo lifts EPAM PT on 2026 discretionary rebound, AI upside

ReutersJan 14, 2026 12:29 PM

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

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