Stock Track | EPAM Systems Plummets 5.01% Intraday Following Analyst Price Target Cuts

Stock Track

02/23

EPAM Systems Inc's stock plummeted 5.01% during intraday trading on Monday, as the market reacted negatively to a series of analyst price target reductions.

The decline was triggered by pre-market and post-market announcements from major financial institutions. Mizuho Securities cut its price target on EPAM Systems to $199 from $228, while TD Cowen adjusted its target down to $220 from $243, though maintaining a Buy rating on the stock.

These downward revisions in price targets, which signal reduced expectations for the company's future performance, contributed to the selling pressure observed during the trading session. According to FactSet data, EPAM Systems maintains an average analyst rating of overweight with a mean price target of $201.12.

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