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

Reuters

01/14

BUZZ-<a href="https://laohu8.com/S/EOD">Wells Fargo</a> lifts EPAM PT on 2026 discretionary rebound, AI upside

** 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

(Reporting by Arnav Mishra in Bengaluru)

((Arnav.Mishra@thomsonreuters.com;))

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