11 AI News That You Should Not Miss

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

Number of Hedge Fund Holders: 39

EPAM Systems, Inc. (NYSE:EPAM) provides digital platform engineering and software development services, with a strong focus on AI, robotics, and virtual reality. The company offers solutions for industries like finance, healthcare, and technology, supporting AI-driven innovation through custom software, automation, and consulting.

On December 17, Barclays upgraded Epam Systems (EPAM) to Overweight from Equal Weight and raised its price target to $290 from $250. The analyst expects IT services growth to improve through fiscal 2025 as investment activity recovers. EPAM is positioned to meet returning demand due to prior investments. Factors such as easing inflation, lower interest rates, and the transition of AI projects to production are boosting demand for digital transformation work.

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