Epam Systems, Inc. (EPAM) Tops Q1 EPS by 7c, Offers Guidance

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EPAM Systems (EPAM) in the 'Sweet Spot', Needham & Company Says; PT Lifted to $75

May 8, 2015 8:42 AM EDT

Needham & Company analyst Mayank Tandon reiterated a Buy rating and raised its price target on EPAM Systems (NYSE: EPAM) to $75.00 (from $71.00) following strong Q1 results, saying the company is in the 'sweet spot."

Tandon commented, "EPAM delivered strong 1Q results, beating comfortably on all fronts despite currency-related headwinds. Management... More