JPMorgan Chase & Co. Issues Pessimistic Forecast for EPAM Systems (NYSE:EPAM) Stock Price

EPAM Systems (NYSE:EPAM) had its price target dropped by equities researchers at JPMorgan Chase & Co. from $142.00 to $120.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the information technology services provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 22.29% from the company’s previous close.

Other analysts have also issued reports about the stock. Citigroup reduced their price objective on shares of EPAM Systems from $112.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, July 27th. Needham & Company LLC cut their target price on EPAM Systems from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday. Truist Financial reduced their price target on EPAM Systems from $112.00 to $110.00 and set a “hold” rating on the stock in a report on Friday. Weiss Ratings reissued a “sell (d+)” rating on shares of EPAM Systems in a research note on Tuesday. Finally, Jefferies Financial Group lowered EPAM Systems from a “buy” rating to a “hold” rating and decreased their price target for the stock from $130.00 to $110.00 in a research note on Friday, May 29th. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $125.87.

EPAM Systems Trading Up 5.4%

EPAM stock traded up $5.06 during mid-day trading on Friday, reaching $98.13. 701,557 shares of the stock traded hands, compared to its average volume of 1,595,306. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.67. EPAM Systems has a one year low of $73.06 and a one year high of $222.53. The stock has a market capitalization of $5.13 billion, a PE ratio of 14.06, a PEG ratio of 1.04 and a beta of 1.39. The business has a 50-day moving average price of $91.22 and a two-hundred day moving average price of $124.01.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $0.22. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business earned $2.77 EPS. The business’s revenue was up 4.6% on a year-over-year basis. EPAM Systems has set its FY 2026 guidance at 13.080-13.240 EPS and its Q3 2026 guidance at 3.380-3.460 EPS. Equities research analysts expect that EPAM Systems will post 10.4 EPS for the current year.

Institutional Investors Weigh In On EPAM Systems

Several institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. boosted its stake in shares of EPAM Systems by 4,233.3% in the fourth quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 127 shares during the last quarter. Sound Income Strategies LLC grew its stake in EPAM Systems by 279.5% during the 4th quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 109 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in EPAM Systems in the 2nd quarter valued at about $27,000. 1248 Management LLC purchased a new stake in shares of EPAM Systems in the 4th quarter valued at approximately $32,000. Finally, Rothschild Investment LLC increased its holdings in shares of EPAM Systems by 51.4% during the 4th quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock worth $33,000 after buying an additional 54 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting EPAM Systems

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

• Positive Sentiment: Q2 earnings exceeded expectations. EPAM reported non-GAAP diluted EPS of $3.38, up 22% year over year and above the roughly $3.14-$3.16 consensus. Revenue rose 4.5% to $1.415 billion, broadly matching estimates. EPAM Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Margins and profitability improved. GAAP operating margin expanded to 10.8% from 9.3%, while non-GAAP operating margin increased to 16.4% from 15.0%. Management also guided third-quarter EPS to $3.38-$3.46, above the $3.33 analyst consensus. EPAM Reports Results for Second Quarter 2026
• Positive Sentiment: Capital returns support the stock. EPAM repurchased $85 million of shares during Q2 and $409 million year to date, potentially supporting per-share results and signaling confidence in the company’s balance sheet.
• Positive Sentiment: Some analysts still see substantial upside. Susquehanna maintained a positive rating despite reducing its target to $146 from $167, while Needham kept a buy rating and lowered its target to $120 from $135. Analyst price-target updates
• Neutral Sentiment: Analyst opinion is mixed. Truist cut its target to $110 from $112 and retained a hold rating. Morgan Stanley also reportedly lowered its target to $100, while William Blair downgraded EPAM from outperform to market perform.
• Negative Sentiment: Full-year revenue guidance was reduced. EPAM now expects 2026 revenue growth of 3.2%-4.2%, or 2.0%-3.0% on an organic constant-currency basis, reflecting weaker demand for software services. The revenue outlook of $5.6-$5.7 billion is approximately in line with or slightly below consensus, limiting the benefit of the earnings beat. EPAM cuts annual revenue forecast

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.