Analysts Cut EPAM Target by 12%

The biggest analyst move today hit EPAM Systems. A new recommendation slashed the consensus target price from $170 to $150 — a 12% drop. The IT services firm carries short interest of 15.6% of free float. That is elevated for a mid-cap tech stock with a $5.2bn market cap.

Akamai Technologies saw the sharpest positive target revision. The consensus target jumped from $114 to $144 — a 26% surge. Analysts are warming to the CDN and cloud security giant after a period of underperformance.

PPL Corporation received a formal upgrade from Hold to Buy. The utility now has zero Sell ratings from a panel of 16 analysts. Target prices held steady at $42. Utilities are drawing fresh interest as rate expectations shift.

eBay also saw its consensus target lift from $106 to $107. The stock has 19 Hold ratings and just 2 Buys — leaving room for upgrades if earnings momentum holds.

QUALCOMM earned a bullish call from Tigress Financial. The firm set a $280 target. That sits above the current consensus of $270 and signals confidence in chip demand recovery.