Wells Fargo & Company Cuts EPAM Systems (NYSE:EPAM) Price Target to $151.00

EPAM Systems (NYSE:EPAM) had its price objective cut by Wells Fargo & Company from $195.00 to $151.00 in a report released on Friday morning,Benzinga reports. They currently have an overweight rating on the information technology services provider’s stock.

EPAM has been the topic of several other reports. Citigroup decreased their price objective on shares of EPAM Systems from $155.00 to $145.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Morgan Stanley reduced their target price on shares of EPAM Systems from $160.00 to $148.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 5th. JPMorgan Chase & Co. reduced their target price on shares of EPAM Systems from $215.00 to $183.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Mizuho upped their target price on shares of EPAM Systems from $199.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, March 16th. Finally, Guggenheim reduced their target price on shares of EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, EPAM Systems currently has a consensus rating of “Hold” and a consensus price target of $160.08.

EPAM Systems Price Performance

EPAM Systems stock opened at $99.35 on Friday. EPAM Systems has a 52 week low of $98.76 and a 52 week high of $222.53. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.05. The firm’s 50-day simple moving average is $131.21 and its 200 day simple moving average is $168.98. The firm has a market capitalization of $5.21 billion, a PE ratio of 14.25, a P/E/G ratio of 0.96 and a beta of 1.45.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $2.86 EPS for the quarter, topping the consensus estimate of $2.75 by $0.11. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the firm earned $2.41 EPS. The business’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, equities research analysts predict that EPAM Systems will post 9.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of EPAM Systems by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 7,014,935 shares of the information technology services provider’s stock worth $1,057,782,000 after acquiring an additional 29,763 shares during the period. Capital World Investors lifted its holdings in shares of EPAM Systems by 59.4% during the 4th quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock worth $753,874,000 after acquiring an additional 1,371,557 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of EPAM Systems by 28.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,662,843 shares of the information technology services provider’s stock worth $401,532,000 after acquiring an additional 596,760 shares during the period. Boston Partners purchased a new position in shares of EPAM Systems during the 4th quarter worth about $349,428,000. Finally, Baillie Gifford & Co. lifted its holdings in shares of EPAM Systems by 20.7% during the 3rd quarter. Baillie Gifford & Co. now owns 1,293,857 shares of the information technology services provider’s stock worth $195,101,000 after acquiring an additional 221,544 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Key EPAM Systems News

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.