EPAM Systems Inc. experienced a significant stock drop after its Q4 report, despite results being close to expectations. The main concern for investors is the weaker-than-expected 2026 growth guidance, attributed primarily to a transitory client headwind and cautious client decision-making. Despite this, the author estimates EPAM stock has a 42% upside, with a fair value of $197.5 based on a DCF valuation.
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EPAM Systems: Underwhelming Q4, But The Sell-Off Is Exaggerated (NYSE:EPAM)
EPAM Systems Inc. experienced a significant stock drop after its Q4 report, despite results being close to expectations. The main concern for investors is the weaker-than-expected 2026 growth guidance, attributed primarily to a transitory client headwind and cautious client decision-making. Despite this, the author estimates EPAM stock has a 42% upside, with a fair value of $197.5 based on a DCF valuation.