EPAM Systems (NYSE:EPAM) Price Target Cut to $135.00 by Analysts at Needham & Company LLC

EPAM Systems (NYSE:EPAM) had its price objective reduced by Needham & Company LLC from $175.00 to $135.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a buy rating on the information technology services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Guggenheim decreased their price objective on EPAM Systems from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Monday. JPMorgan Chase & Co. decreased their price objective on EPAM Systems from $215.00 to $183.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Truist Financial decreased their price objective on EPAM Systems from $220.00 to $146.00 and set a “hold” rating for the company in a research note on Friday, February 20th. The Goldman Sachs Group decreased their price objective on EPAM Systems from $250.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Finally, Zacks Research cut EPAM Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $164.86.

EPAM Systems Stock Down 3.7%

NYSE EPAM traded down $3.86 on Thursday, reaching $100.38. 1,516,450 shares of the stock traded hands, compared to its average volume of 1,280,483. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.59 and a current ratio of 2.59. The company has a fifty day moving average price of $131.21 and a 200-day moving average price of $168.98. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.04 and a beta of 1.45. EPAM Systems has a 12 month low of $98.76 and a 12 month high of $222.53.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, May 7th. The information technology services provider reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $0.11. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a return on equity of 13.57% and a net margin of 6.92%.EPAM Systems’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.41 EPS. EPAM Systems has set its Q2 2026 guidance at 3.100-3.180 EPS. As a group, research analysts forecast that EPAM Systems will post 9.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp acquired a new position in EPAM Systems during the 3rd quarter valued at about $1,384,000. Van Berkom & Associates Inc. increased its position in EPAM Systems by 4,413.0% during the 3rd quarter. Van Berkom & Associates Inc. now owns 369,435 shares of the information technology services provider’s stock valued at $55,707,000 after buying an additional 361,249 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in EPAM Systems by 1.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,072,937 shares of the information technology services provider’s stock valued at $219,823,000 after buying an additional 13,768 shares in the last quarter. Allianz Asset Management GmbH increased its position in EPAM Systems by 39.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 43,851 shares of the information technology services provider’s stock valued at $6,612,000 after buying an additional 12,396 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG increased its holdings in shares of EPAM Systems by 289.9% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 17,297 shares of the information technology services provider’s stock valued at $3,544,000 after purchasing an additional 12,861 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems News Summary

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

• Positive Sentiment: EPAM beat Q1 estimates — non‑GAAP EPS $2.86 and revenue $1.40B (up 7.6% Y/Y), showing margin improvement and operational leverage. EPAM Reports Results for First Quarter 2026
• Positive Sentiment: Q2 EPS guidance was raised to $3.10–$3.18, above consensus (~$2.97), signaling stronger near‑term profitability than analysts expected. EPAM Q1 Slide Deck / Guidance
• Positive Sentiment: EPAM announced an applied‑AI partnership with Anthropic, which could drive new higher‑value services and longer‑term revenue mix improvement. EPAM forecasts 4%-6.5% 2026 revenue growth amid applied AI partnership with Anthropic
• Neutral Sentiment: Management provided detailed disclosure — earnings call transcript and slide deck are available for investors evaluating guidance assumptions and margin drivers. EPAM Q1 2026 Earnings Call Transcript
• Negative Sentiment: EPAM trimmed full‑year revenue growth to 4.0%–6.5% (organic constant‑currency 2.5%–5.0%), a slowdown versus prior expectations that is weighing on sentiment around top‑line momentum. EPAM trims 2026 growth outlook despite AI gains
• Negative Sentiment: Several firms cut price targets after the print (Wells Fargo to $151, Needham to $135; Guggenheim trimmed its PT earlier), increasing near‑term selling pressure despite buyback activity. Analyst price target notes (Benzinga)
• Negative Sentiment: Despite the beat and guidance, commentary and headlines highlighted the trimmed growth outlook and shares have slipped post‑report, reflecting investor concern about slower revenue expansion. EPAM shares slip despite quarterly earnings beat and upbeat 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.