EPAM Systems (NYSE:EPAM) Given New $200.00 Price Target at Needham & Company LLC

EPAM Systems (NYSE:EPAM) had its target price hoisted by Needham & Company LLC from $120.00 to $200.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the information technology services provider’s stock.

A number of other equities analysts also recently issued reports on the stock. Guggenheim raised their price objective on shares of EPAM Systems from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Monday. Susquehanna cut their target price on shares of EPAM Systems from $167.00 to $146.00 and set a “positive” rating for the company in a research report on Friday, August 7th. Truist Financial reduced their target price on shares of EPAM Systems from $112.00 to $110.00 and set a “hold” rating for the company in a report on Friday, August 7th. William Blair downgraded shares of EPAM Systems from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $85.00 price target on shares of EPAM Systems in a research note on Friday, July 10th. Six analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $130.73.

EPAM Systems Stock Performance

Shares of EPAM opened at $167.47 on Thursday. EPAM Systems has a one year low of $73.06 and a one year high of $222.53. The business has a fifty day moving average of $120.95 and a 200 day moving average of $121.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.75 and a quick ratio of 2.75. The firm has a market capitalization of $8.64 billion, a P/E ratio of 22.69, a PEG ratio of 1.43 and a beta of 1.28.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, November 5th. The information technology services provider reported $3.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.10. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.42 billion. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $3.08 earnings per share. As a group, sell-side analysts anticipate that EPAM Systems will post 10.47 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in EPAM Systems in the 2nd quarter valued at $526,684,000. Dimensional Fund Advisors LP lifted its stake in EPAM Systems by 25.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,069,284 shares of the information technology services provider’s stock worth $144,789,000 after purchasing an additional 219,388 shares in the last quarter. Bank of America Corp DE bought a new position in shares of EPAM Systems during the 2nd quarter valued at about $52,531,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of EPAM Systems by 7.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 348,586 shares of the information technology services provider’s stock valued at $47,199,000 after purchasing an additional 25,152 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of EPAM Systems during the second quarter valued at about $24,729,000. Institutional investors own 91.58% of the company’s stock.

Key Stories Impacting EPAM Systems

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

• Positive Sentiment: EPAM reported non-GAAP diluted EPS of $3.51, above analysts’ $3.41 estimate and 14% higher year over year. Revenue of $1.426 billion also topped expectations, while operating margins improved. EPAM Q3 results
• Positive Sentiment: The company raised its 2026 guidance, projecting revenue growth of 3.5%–3.7% and non-GAAP diluted EPS of $13.23–$13.31. It also expects fourth-quarter adjusted EPS of $3.50–$3.58. EPAM FY26 outlook
• Positive Sentiment: EPAM increased its remaining share-repurchase authorization to $1.8 billion, plans a $500 million accelerated repurchase, and committed to returning at least 50% of free cash flow to shareholders annually from 2027 through 2029. EPAM share buyback announcement
• Positive Sentiment: Needham raised its price target to $200 from $120 and maintained a Buy rating, adding to positive sentiment following the results. Needham recommendations
• Neutral Sentiment: Despite the earnings beat, revenue grew 2.3% year over year, indicating growth remains modest. EPAM Q3 results

EPAM Systems Company Profile

EPAM Systems, Inc is a global digital engineering and technology services company that helps organizations design, develop and modernize software and digital platforms. Its services support digital transformation initiatives across industries, including financial services, healthcare, life sciences, retail, travel and consumer products.

The company provides software engineering, product development, consulting, cloud services, data and analytics, artificial intelligence, cybersecurity, quality assurance and platform engineering.