10 AI Stocks on Analysts’ Radar As AI Spending Grows

4. EPAM Systems, Inc. (NYSE:EPAM)

Number of Hedge Fund Holders: 56

EPAM Systems, Inc. (NYSE:EPAM) is a leading digital platform engineering and software development services provider. It also provides artificial intelligence services, including developing custom AI solutions, consulting on AI strategy and implementing AI models into existing systems. On February 24, Mizuho Securities reiterated an Outperform rating on the stock but cut the price target to $267 from $282.

The research firm reiterated the outperform rating amid expectations that the company will continue navigating the challenging IT services spending environment. The firm is also bullish about EPAM System’s strategic “Great Relocation” of its delivery professionals, which is expected to accelerate organic revenue growth in 2025. EPAM Systems, Inc. (NYSE:EPAM) is increasingly integrating AI and machine learning into its service offerings. The move strengthens its competitive edge in the quickly changing IT services market and creates new revenue streams.