TechFlow news, according to TechFlow Research, Goldman Sachs' July 10 IT Services Sector 2Q Preview pointed out that macro uncertainty has affected client decision-making since April-May, and companies are expected to lower guidance upper bounds and anchor to the median. IBM is the sector's only Buy rating (target price $335); software resilience coupled with enterprise AI demand makes it a relative beneficiary, with expected 2Q revenue of $17.86 billion, full-year $71.3 billion, and a growth rate of 5.2%. EPAM faces greater downside risk (Neutral, target price $110), with full-year organic growth guidance potentially narrowing from 2.5%-5.0% to 2.5%-4.0%. Cognizant, Globant, and TaskUs all maintain Neutral.
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