Needham & Company LLC Has Lowered Expectations for EPAM Systems (NYSE:EPAM) Stock Price

Posted by Donald Scott on Feb 20th, 2026

EPAM Systems (NYSE:EPAM – Get Free Report) had its price target dropped by equities researchers at Needham & Company LLC from $215.00 to $175.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the information technology services provider’s stock. Needham & Company LLC’s price target indicates a potential upside of 22.62% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Citigroup reiterated a “neutral” rating on shares of EPAM Systems in a report on Friday. TD Cowen reissued a “buy” rating on shares of EPAM Systems in a report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of EPAM Systems in a research report on Monday, December 29th. Mizuho upped their price objective on EPAM Systems from $225.00 to $228.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Finally, Wells Fargo & Company lifted their target price on EPAM Systems from $185.00 to $247.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.44.

Read Our Latest Analysis on EPAM Systems

EPAM Systems Trading Up 2.6%

Shares of EPAM Systems stock traded up $3.56 on Friday, hitting $142.72. 386,582 shares of the company traded hands, compared to its average volume of 1,032,784. EPAM Systems has a 52 week low of $128.78 and a 52 week high of $223.45. The company has a market cap of $7.88 billion, a PE ratio of 21.80, a PEG ratio of 2.01 and a beta of 1.72. The stock’s 50 day moving average price is $201.68 and its 200-day moving average price is $178.70. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM – Get Free Report) last issued its earnings results on Thursday, February 19th. The information technology services provider reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $0.10. EPAM Systems had a return on equity of 13.16% and a net margin of 7.01%.The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the company posted $2.84 EPS. EPAM Systems’s revenue was up 12.8% on a year-over-year basis. EPAM Systems has set its FY 2026 guidance at 12.600-12.900 EPS and its Q1 2026 guidance at 2.700-2.780 EPS. Equities research analysts predict that EPAM Systems will post 8.9 EPS for the current year.

Insider Activity

In other news, SVP Boris Shnayder sold 5,000 shares of EPAM Systems stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $207.00, for a total transaction of $1,035,000.00. Following the completion of the sale, the senior vice president directly owned 15,645 shares in the company, valued at approximately $3,238,515. The trade was a 24.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.30% of the company’s stock.

Institutional Trading of EPAM Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. raised its stake 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 worth $439,000 after purchasing an additional 51 shares during the last quarter. Rothschild Investment LLC raised its position in 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. Horizon Investments LLC raised its position in EPAM Systems by 6.4% during the 4th quarter. Horizon Investments LLC now owns 928 shares of the information technology services provider’s stock worth $190,000 after buying an additional 56 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in EPAM Systems by 34.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 232 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 60 shares during the period. Finally, CVA Family Office LLC boosted its holdings in shares of EPAM Systems by 25.1% in the 4th quarter. CVA Family Office LLC now owns 309 shares of the information technology services provider’s stock valued at $63,000 after acquiring an additional 62 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: Q4 results beat expectations — Non‑GAAP EPS $3.26 vs. $3.16 consensus and revenue $1.408B, +12.8% year‑over‑year, showing continued top‑line growth. EPAM Reports Results for Fourth Quarter and Full Year 2025
Positive Sentiment: Full‑year 2026 guidance was raised: EPS guidance of $12.60–$12.90 (above Street consensus) and revenue target of ~$5.7B–$5.9B — a sign management sees durable demand longer term. Listen to Conference Call
Positive Sentiment: Management highlights AI-driven demand across key sectors (financial services, healthcare, retail), which helped double‑digit growth and supports medium‑term secular tailwinds. EPAM Systems Q4 Earnings and Revenues Surpass Estimates
Neutral Sentiment: Q1 guidance was issued roughly in line with Street expectations (EPS range 2.70–2.78), so the company isn’t flagging a near‑term collapse, but the guidance lacked upside surprise. EPAM forecasts first-quarter results in line with estimates
Neutral Sentiment: Operational/strategy update: EPAM is repositioning India as a co‑innovation hub for life sciences and healthcare — a longer‑term strategic move but not immediately value‑driving. EPAM repositions India as co-innovation hub for life sciences, healthcare
Negative Sentiment: Shares fell sharply after the call — investors reacted to management’s cautious tone around near‑term demand and commentary that failed to deliver upside for the upcoming quarter. EPAM shares tumble as cautious quarterly outlook disappoints
Negative Sentiment: The sell‑off pushed EPAM to a 52‑week low as some investors viewed the guidance/call tone as a signal to reduce exposure despite the beat; commentary pieces highlight the stock’s steep drop and potential volatility ahead. EPAM Systems stock sinks to 52-week low – here’s why

EPAM Systems Company Profile

(Get Free Report)

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.