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摩根士丹利称，EPAM Systems将面临疲软的非必需消费环境

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-- 摩根士丹利在周五的一份报告中指出，受宏观经济持续不确定性的影响，EPAM Systems (EPAM) 的客户可自由支配支出可能会减少，尤其是在第二季度。 该公司预计第二季度非GAAP每股收益为3.10美元至3.18美元，营收为14亿美元至14.15亿美元。FactSet调查的分析师此前预计EPAM非GAAP每股收益为3.10美元，营收为14.2亿美元。 摩根士丹利表示：“与其他IT服务同行提供的关键任务型管理服务相比，EPAM的可自由支配支出持续面临更大压力。”摩根士丹利还指出，其2026年第一季度首席信息官调查也得出了类似结论。该投资公司补充说，预计这将拖慢客户的决策进程，从而推迟EPAM的交易。 据摩根士丹利称，EPAM Systems的交易延迟已于4月/5月开始，导致该公司将2026年营收增长预期从之前的4.5%至7.5%下调至4%至6.5%。摩根士丹利还表示，该公司对中标率、交易完成时间和业务增长速度的可见性较低。 摩根士丹利将EPAM Systems的目标股价从148美元下调至112美元，维持“持股观望”评级。

Price: $99.95, Change: $-4.29, Percent Change: -4.12%

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