Morgan Stanley has lowered its price target for EPAM Systems (EPAM) to $160 from $175, maintaining an Equal Weight rating. This adjustment followed EPAM’s conservative Q1 2026 earnings forecast, which led to a 16% premarket slump in shares. Despite the reduction, Goldman Sachs reiterated a Buy rating, viewing the share price drop as an overreaction.
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Morgan Stanley Trims Price Target on EPAM Systems, Inc. (EPAM) to $160, Keeps Equal Weight Rating
Morgan Stanley has lowered its price target for EPAM Systems (EPAM) to $160 from $175, maintaining an Equal Weight rating. This adjustment followed EPAM’s conservative Q1 2026 earnings forecast, which led to a 16% premarket slump in shares. Despite the reduction, Goldman Sachs reiterated a Buy rating, viewing the share price drop as an overreaction.