Truist Financial Lowers EPAM Systems (NYSE:EPAM) Price Target to $110.00

EPAM Systems (NYSE:EPAM) had its target price cut by analysts at Truist Financial from $112.00 to $110.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the information technology services provider’s stock. Truist Financial’s target price points to a potential upside of 16.66% from the stock’s current price.

Several other analysts have also issued reports on EPAM. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $85.00 price target on shares of EPAM Systems in a report on Friday, July 10th. Guggenheim lowered their price objective on EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. William Blair downgraded EPAM Systems from an “outperform” rating to a “market perform” rating in a research note on Thursday. Wedbush started coverage on shares of EPAM Systems in a research note on Monday, June 15th. They set a “neutral” rating and a $99.00 target price on the stock. Finally, The Goldman Sachs Group lowered shares of EPAM Systems from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $215.00 to $110.00 in a research report on Friday, May 8th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, EPAM Systems presently has an average rating of “Hold” and an average price target of $130.27.

EPAM Systems Stock Up 1.3%

EPAM opened at $94.29 on Friday. The firm’s 50 day simple moving average is $91.22 and its two-hundred day simple moving average is $124.01. The company has a market capitalization of $4.93 billion, a PE ratio of 13.55, a PEG ratio of 1.04 and a beta of 1.39. EPAM Systems has a 1-year low of $73.06 and a 1-year 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.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $0.22. The firm had revenue of $1.41 billion during 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%. During the same quarter in the previous year, the firm posted $2.77 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. 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. As a group, equities analysts forecast that EPAM Systems will post 10.4 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. lifted its holdings 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 buying an additional 127 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in EPAM Systems in the 2nd quarter valued at $27,000. MUFG Securities EMEA plc bought a new stake in EPAM Systems in the 2nd quarter valued at $30,000. Sound Income Strategies LLC lifted its stake in EPAM Systems by 279.5% in the 4th quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 109 shares in the last quarter. Finally, 1248 Management LLC purchased a new stake in EPAM Systems in the 4th quarter worth $32,000. 91.58% of the stock is currently owned by institutional investors.

Key Stories Impacting EPAM Systems

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

• Positive Sentiment: EPAM reported second-quarter non-GAAP earnings of $3.38 per share, above the roughly $3.14–$3.16 analyst consensus, while revenue of $1.415 billion increased approximately 4.5% year over year and matched expectations. Non-GAAP operating margin expanded to 16.4% from 15.0%, and non-GAAP EPS rose 22%. EPAM Reports Results for Second Quarter 2026
• Positive Sentiment: Management’s third-quarter EPS outlook of $3.38–$3.46 exceeded the $3.33 consensus, while full-year non-GAAP EPS guidance of $13.08–$13.24 was above the $12.53 analyst estimate. EPAM also repurchased $85 million of stock during the quarter and $409 million year to date. EPAM Q2 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: Susquehanna maintained a positive rating but reduced its price target to $146 from $167. Needham also kept a Buy rating while lowering its target to $120 from $135. These targets imply substantial potential upside but reflect more cautious valuation assumptions.
• Negative Sentiment: EPAM cut its full-year revenue-growth forecast to 3.2%–4.2%, including just 2.0%–3.0% organic constant-currency growth. The $5.6–$5.7 billion revenue outlook is at or below the $5.7 billion consensus, signaling softer demand for software and digital transformation services. EPAM cuts annual revenue forecast on weak software services demand
• Negative Sentiment: William Blair downgraded EPAM from “outperform” to “market perform,” while Morgan Stanley lowered its price target to $100. The analyst caution, combined with the weaker revenue trajectory, is outweighing the better-than-expected quarterly profit and EPS guidance.

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.