Stifel Nicolaus Reiterates Buy Rating on EPAM Systems, Keeps PT at $246

EPAM Systems, Inc. (NYSE:EPAM) is one of the 10 Best AI Software Stocks to Buy Now. On August 8, Stifel Nicolaus reiterated a Buy rating on EPAM Systems, Inc. (NYSE:EPAM) stock, keeping the price target at $246.

Stifel Nicolaus analyst David Grossman kept his rating on EPAM Systems following the Q2 FY2025 results. EPAM achieved a total revenue of $1.35 billion during Q2, up by 18% from a year ago and surpassing consensus by $20.09 million. The company posted positive organic growth for a straight third quarter, with a 5.3% organic growth year-over-year. Grossman remains optimistic on EPAM as the company’s six verticals and three geographic regions showed strong year-over-year growth, reflecting broad-based performance improvements.

EPAM Systems is expanding its market-leading position as an AI-native transformation firm. With successful scaling and optimizing its global delivery hubs, the company is improving its ability to deliver strategic goals.

EPAM Systems, Inc. (NYSE:EPAM) offers digital engineering, cloud, and AI-enabled transformation services. The company is also a business and experience consulting partner for international enterprises.

While we acknowledge the potential of EPAM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.