随着TD Cowen升级，EPAAM Systems股价上涨，理由是“增长复苏”

2025-08-18 20:27

EPAM Systems (NYSE:EPAM) shares were in the spotlight on Monday as investment firm TD Cowen upgraded the software company, citing its “recovering growth.”
Shares rose 2.3% in premarket trading.
“We think EPAM's share price gives little to no credit for the company's recovering growth trajectory & meaningful completion of its global delivery reorganization,” TD Cowen analyst Bryan Bergin wrote in a note to clients. "While Services sector sentiment is poor, EPAM's accelerating organic growth, trough in profitability, active capital allocation, and discounted valuation make for an attractive risk-reward (2:1), in our view."
Bergin upgraded EPAM shares to Buy from Hold and upped the price target to $205 from $192.
In addition, Bergin said that EPAM's growth should continue to rise into the high single-digits in 2026, while the stock should be aided by a combination of a stronger fundamentals and rising valuation, based on improving investor confidence.
"We think sector sentiment is pressured by a perfect storm of cyclical factors & secular fears – and this requires patience – but that it will ultimately improve with sector growth recovery,” Bergin added.

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