Truist Financial Forecasts Strong Price Appreciation for EPAM Systems (NYSE:EPAM) Stock

EPAM Systems (NYSE:EPAM) had its price objective increased by research analysts at Truist Financial from $110.00 to $150.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the information technology services provider’s stock. Truist Financial‘s price target indicates a potential downside of 3.48% from the stock’s current price.

A number of other analysts have also recently weighed in on EPAM. Mizuho set a $130.00 price objective on shares of EPAM Systems in a report on Monday, August 10th. Guggenheim increased their price objective on EPAM Systems from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday. Stifel Nicolaus set a $135.00 target price on shares of EPAM Systems in a research note on Thursday, August 6th. William Blair lowered EPAM Systems from an “outperform” rating to a “market perform” rating in a report on Thursday, August 6th. Finally, Susquehanna lifted their price target on shares of EPAM Systems from $146.00 to $190.00 and gave the company a “positive” rating in a research report on Friday. Six investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $143.73.

EPAM Systems Stock Down 6.2%

NYSE:EPAM traded down $10.29 during midday trading on Friday, reaching $155.41. The company had a trading volume of 1,898,192 shares, compared to its average volume of 1,477,156. EPAM Systems has a 12-month low of $73.06 and a 12-month high of $222.53. The firm has a market capitalization of $8.02 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 1.43 and a beta of 1.28. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $120.95 and its 200-day simple moving average is $121.64.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Financial Management Professionals Inc. raised its stake in EPAM Systems by 47.3% during the third quarter. Financial Management Professionals Inc. now owns 268 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 86 shares during the period. Bradley Foster & Sargent Inc. CT raised its position in EPAM Systems by 4.7% in the first quarter. Bradley Foster & Sargent Inc. CT now owns 2,812 shares of the information technology services provider’s stock valued at $381,000 after purchasing an additional 126 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its position in EPAM Systems by 14.3% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,169 shares of the information technology services provider’s stock worth $127,000 after acquiring an additional 146 shares in the last quarter. University of Texas Texas AM Investment Management Co. lifted its position in shares of EPAM Systems by 236.2% during the third quarter. University of Texas Texas AM Investment Management Co. now owns 232 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 163 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in EPAM Systems by 31.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 708 shares of the information technology services provider’s stock valued at $77,000 after buying an additional 169 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems News Roundup

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

• Positive Sentiment: Quarterly results beat estimates. EPAM reported third-quarter non-GAAP EPS of $3.51 versus the $3.41 consensus and revenue of $1.426 billion versus $1.42 billion expected. Revenue grew 2.3% year over year, while non-GAAP operating margin improved to 16.7% from 16.0%. EPAM Reports Results for Third Quarter 2026
• Positive Sentiment: More capital returns and a higher AI target. The company expanded 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 annually from 2027–2029. It also raised its 2026 AI-native revenue target to $650 million. EPAM shareholder-return and AI update
• Positive Sentiment: Analysts raised price targets. Susquehanna lifted its target to $190 and assigned a “positive” rating; Wells Fargo raised its target to $176 and maintained an “overweight” rating. Needham also raised its target to $200 and reiterated “buy.”
• Neutral Sentiment: Growth outlook may temper enthusiasm. EPAM’s 2026 revenue-growth forecast is 3.5%–3.7% (2.5%–2.7% on an organic constant-currency basis), signaling continued but moderate growth despite the earnings beat.

About EPAM Systems

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.