EPAM Systems (EPAM) Stock Fair Value Moves Lower After Cautious Analyst Target Cuts

Analyst expectations for EPAM Systems have been reset, leading to lower price targets across various firms. While some analysts maintain "Buy" ratings due to a perceived long-term growth story, others cite softer revenue guidance, weaker North American demand, and AI-related pressure as reasons for caution. The company's fair value estimate has been reduced from US$144.06 to US$127.94, although EPAM recently reported better-than-expected Q2 2026 results and raised full-year guidance.