EPAM Systems (NYSE:EPAM) Trading 8.3% Higher - What's Next?

EPAM Systems (NYSE:EPAM) saw its shares climb 8.3% to $108.77 in mid-day trading on Wednesday, with nearly 1.2 million shares traded. Despite the stock jump, analyst sentiment is mixed, holding an average "Hold" rating and a $133.50 price target, after several firms lowered targets and Goldman Sachs downgraded the stock to "neutral." The company recently reported strong quarterly earnings, beating EPS estimates by $0.11 with $2.86 per share and increasing revenue by 7.6% year-over-year to $1.40 billion.