EPAM Systems (NYSE:EPAM) Given New $120.00 Price Target at Needham & Company LLC

EPAM Systems (NYSE:EPAM) had its price objective decreased by research analysts at Needham & Company LLC from $135.00 to $120.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the information technology services provider’s stock. Needham & Company LLC’s target price indicates a potential upside of 29.00% from the company’s current price.

A number of other equities research analysts have also recently commented on EPAM. Susquehanna lowered their target price on EPAM Systems from $199.00 to $167.00 and set a “positive” rating on the stock in a research note on Monday, May 4th. Stifel Nicolaus set a $135.00 target price on shares of EPAM Systems in a research report on Thursday. Guggenheim lowered their price target 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. Weiss Ratings reissued a “sell (d+)” rating on shares of EPAM Systems in a report on Tuesday. Finally, Wells Fargo & Company dropped their price target on EPAM Systems from $151.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday, July 10th. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $131.80.

EPAM Systems Trading Down 15.3%

Shares of EPAM traded down $16.85 during midday trading on Thursday, hitting $93.02. The stock had a trading volume of 3,783,673 shares, compared to its average volume of 1,597,229. The stock’s 50 day moving average is $91.39 and its 200 day moving average is $124.86. The firm has a market cap of $4.86 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.06 and a beta of 1.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67. EPAM Systems has a 1 year low of $73.06 and a 1 year high of $222.53.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Wednesday, August 5th. The information technology services provider reported $3.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.24. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.41 billion. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.77 earnings per share. As a group, analysts forecast that EPAM Systems will post 10.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in EPAM Systems during the 2nd quarter worth $24,729,000. Bank Hapoalim BM bought a new position in EPAM Systems in the 2nd quarter valued at about $1,491,000. Oppenheimer Asset Management Inc. acquired a new position in EPAM Systems during the 2nd quarter valued at about $9,315,000. Signaturefd LLC lifted its stake in shares of EPAM Systems by 1,068.3% in the 2nd quarter. Signaturefd LLC now owns 479 shares of the information technology services provider’s stock worth $38,000 after acquiring an additional 438 shares during the period. Finally, Taylor Frigon Capital Management LLC boosted its holdings in shares of EPAM Systems by 12.9% in the second quarter. Taylor Frigon Capital Management LLC now owns 15,206 shares of the information technology services provider’s stock valued at $1,207,000 after acquiring an additional 1,735 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about EPAM Systems

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

• Positive Sentiment: EPAM reported second-quarter revenue of $1.415 billion, up 4.5% year over year, while non-GAAP diluted EPS rose 22% to $3.38 and exceeded the $3.14 consensus estimate. Operating margins also improved, and the company repurchased $85 million of stock during the quarter. EPAM Reports Results for Second Quarter 2026
• Positive Sentiment: Management’s third-quarter adjusted EPS guidance of $3.38-$3.46 is above the $3.33 analyst consensus. Full-year adjusted EPS guidance of $13.08-$13.24 also exceeds the $12.53 consensus, suggesting continued earnings discipline despite softer demand. EPAM Reports Results for Second Quarter 2026
• Neutral Sentiment: Morgan Stanley lowered its price target for EPAM to $100, implying limited upside from recent trading levels and reflecting more cautious expectations for the company’s growth outlook. Morgan Stanley Lowers EPAM Systems Price Target
• Negative Sentiment: EPAM cut its full-year revenue growth forecast to 3.2%-4.2%, with organic constant-currency growth expected at 2.0%-3.0%. Revenue guidance of $5.6-$5.7 billion is roughly in line with, or slightly below, the $5.7 billion consensus, signaling weaker software-services demand. EPAM Cuts Annual Revenue Forecast on Weak Software Services Demand
• Negative Sentiment: William Blair downgraded EPAM from “outperform” to “market perform,” adding to investor concerns that slowing demand may constrain the stock’s recovery. William Blair Downgrade

About EPAM Systems

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.