EPAM Systems (NYSE:EPAM) Price Target Lowered to $120.00 at Needham & Company LLC

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

Several other research firms have also commented on EPAM. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $85.00 price target on shares of EPAM Systems in a research report on Friday, July 10th. Jefferies Financial Group lowered EPAM Systems from a “buy” rating to a “hold” rating and decreased their price target for the company from $130.00 to $110.00 in a research note on Friday, May 29th. The Goldman Sachs Group cut EPAM Systems from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $215.00 to $110.00 in a report on Friday, May 8th. Citigroup cut their price objective on EPAM Systems from $112.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, July 27th. Finally, William Blair cut shares of EPAM Systems from an “outperform” rating to a “market perform” rating in a research report on Thursday. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $131.80.

EPAM Systems Trading Down 15.3%

Shares of NYSE EPAM traded down $16.85 during midday trading on Thursday, hitting $93.02. The company’s stock had a trading volume of 3,783,673 shares, compared to its average volume of 1,597,229. EPAM Systems has a 12-month low of $73.06 and a 12-month high of $222.53. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05. The firm has a market cap of $4.86 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 1.06 and a beta of 1.39. The business’s 50 day moving average is $91.39 and its two-hundred day moving average is $124.86.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EPAM. Asset Management One Co. Ltd. grew its holdings in shares of EPAM Systems by 2.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,074 shares of the information technology services provider’s stock valued at $439,000 after purchasing an additional 51 shares during the period. Rothschild Investment LLC increased its position in EPAM Systems by 51.4% during the fourth quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 54 shares during the last quarter. Horizon Investments LLC raised its stake in EPAM Systems by 6.4% during the fourth quarter. Horizon Investments LLC now owns 928 shares of the information technology services provider’s stock worth $190,000 after purchasing an additional 56 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in EPAM Systems by 4.5% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,570 shares of the information technology services provider’s stock valued at $322,000 after purchasing an additional 67 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT boosted its holdings in EPAM Systems by 2.8% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,686 shares of the information technology services provider’s stock valued at $550,000 after purchasing an additional 74 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Key Headlines Impacting 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

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.