EPAM Systems Shares Rise on Analyst Price Target Adjustment and AI Partnership
Shares of EPAM Systems (NYSE: EPAM) surged nearly 17.5% in the last week of July, driven by a revised analyst price target from Citigroup and an announcement about joining OpenAI's Partner Network as an Advanced Partner. Citigroup lowered its price target for EPAM to $100 from $112 while maintaining a neutral rating; however, investors viewed this adjustment positively. At the time of reporting, shares were trading at $89.85, suggesting over 11% upside potential based on Citigroup's new forecast. The second catalyst was EPAM Systems' collaboration with OpenAI to help enterprises deploy AI solutions more safely and scalably. The company plans to train thousands of consultants globally under this partnership.
Topics: artificial intelligence Citigroup price target EPAM Systems OpenAI Partner Network