Needham & Company LLC Cuts EPAM Systems (NYSE:EPAM) Price Target to $135.00

EPAM Systems (NYSE:EPAM) had its price objective reduced by Needham & Company LLC from $175.00 to $135.00 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the information technology services provider’s stock.

EPAM has been the topic of a number of other research reports. Susquehanna lowered their price target on EPAM Systems from $199.00 to $167.00 and set a “positive” rating on the stock in a report on Monday, May 4th. Guggenheim lowered their price target on EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Wells Fargo & Company lowered their target price on EPAM Systems from $247.00 to $195.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Citigroup lowered their target price on EPAM Systems from $155.00 to $145.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Finally, Zacks Research downgraded EPAM Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $160.08.

EPAM Systems Stock Performance

Shares of EPAM stock opened at $99.35 on Thursday. EPAM Systems has a 1-year low of $98.76 and a 1-year high of $222.53. The company has a current ratio of 2.67, a quick ratio of 2.59 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 0.96 and a beta of 1.45. The stock’s fifty day simple moving average is $131.21 and its 200-day simple moving average is $168.98.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, May 7th. The information technology services provider reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $0.11. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the company posted $2.41 earnings per share. EPAM Systems’s revenue for the quarter was up 7.6% compared to the same quarter last year. EPAM Systems has set its Q2 2026 guidance at 3.100-3.180 EPS. On average, sell-side analysts predict that EPAM Systems will post 9.99 earnings per share for the current fiscal year.

Institutional Trading of EPAM Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of EPAM Systems by 0.4% in the third quarter. Vanguard Group Inc. now owns 7,014,935 shares of the information technology services provider’s stock worth $1,057,782,000 after buying an additional 29,763 shares during the last quarter. Capital World Investors lifted its position in shares of EPAM Systems by 59.4% in the fourth quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock worth $753,874,000 after buying an additional 1,371,557 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of EPAM Systems by 28.9% in the third quarter. Ameriprise Financial Inc. now owns 2,662,843 shares of the information technology services provider’s stock worth $401,532,000 after buying an additional 596,760 shares during the last quarter. Boston Partners acquired a new stake in shares of EPAM Systems in the fourth quarter worth about $349,428,000. Finally, Baillie Gifford & Co. lifted its position in shares of EPAM Systems by 20.7% in the third quarter. Baillie Gifford & Co. now owns 1,293,857 shares of the information technology services provider’s stock worth $195,101,000 after buying an additional 221,544 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems News Summary

Here are the key news stories impacting EPAM Systems this week:

• Positive Sentiment: EPAM beat Q1 estimates, reporting $2.86 in non-GAAP EPS versus $2.75 expected and revenue of $1.40 billion versus $1.39 billion expected, with sales up 7.6% year over year. EPAM Reports Results for First Quarter 2026
• Positive Sentiment: The company raised its profit outlook for the year, now expecting non-GAAP diluted EPS of $12.98 to $13.28 and GAAP EPS of $8.29 to $8.59. Reuters coverage of EPAM profit forecast increase
• Positive Sentiment: EPAM announced an applied AI partnership with Anthropic, which could support longer-term client demand and positioning. EPAM forecasts 4%-6.5% 2026 revenue growth amid applied AI partnership with Anthropic
• Neutral Sentiment: Several analysts cut price targets after the report, including Citi to $112 from $145 and Wells Fargo to $151 from $195, reflecting reduced near-term expectations but still leaving upside from current levels. Benzinga analyst updates
• Neutral Sentiment: Needham also lowered its target to $135 from $175, while keeping a buy rating, and Guggenheim trimmed its target earlier this week amid concerns about Q2 revenue outlook. Benzinga analyst updates
• Negative Sentiment: Despite the earnings beat, EPAM cut its 2026 revenue-growth outlook to 4.0% to 6.5% year over year, or 2.5% to 5.0% on an organic constant-currency basis, which appears to be the main reason investors are selling the stock. EPAM Reports Results for First Quarter 2026

EPAM Systems Company Profile

EPAM Systems, Inc is a global provider of digital platform engineering and software development services. The company partners with clients across industries—such as financial services, healthcare, retail, and technology—to design, develop, and maintain complex software applications and digital experiences. EPAM’s offerings include custom software development, application management, infrastructure management, quality assurance, and testing services, enabling organizations to accelerate digital transformation and enhance operational efficiency.

In addition to its core engineering capabilities, EPAM delivers a range of specialized services, including product design and consulting, data and analytics, cloud computing, DevOps, and cybersecurity.