Susquehanna Issues Positive Forecast for EPAM Systems (NYSE:EPAM) Stock Price

EPAM Systems (NYSE:EPAM) had its target price lifted by Susquehanna from $146.00 to $190.00 in a report issued on Friday,Benzinga reports. They currently have a positive rating on the information technology services provider’s stock.

A number of other equities analysts have also weighed in on the stock. TD Cowen lowered their price target on shares of EPAM Systems from $131.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Guggenheim raised their target price on EPAM Systems from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 2nd. Truist Financial decreased their price objective on EPAM Systems from $112.00 to $110.00 and set a “hold” rating on the stock in a report on Friday, August 7th. Citigroup raised their price objective on EPAM Systems from $100.00 to $140.00 and gave the stock a “neutral” rating in a research report on Monday, October 26th. Finally, Stifel Nicolaus set a $135.00 price objective on shares of EPAM Systems in a report on Thursday, August 6th. Six investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $143.73.

EPAM Systems Price Performance

NYSE EPAM traded down $6.87 during mid-day trading on Friday, hitting $158.83. The stock had a trading volume of 3,339,845 shares, compared to its average volume of 932,562. The firm’s 50 day moving average is $121.86 and its 200 day moving average is $121.40. 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 stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 1.49 and a beta of 1.28. EPAM Systems has a twelve month low of $73.06 and a twelve month high of $222.53.

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. EPAM Systems had a net margin of 7.15% and a return on equity of 15.84%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the company posted $3.08 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts forecast that EPAM Systems will post 10.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EPAM Systems

Several large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its holdings in EPAM Systems by 30.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 45,342 shares of the information technology services provider’s stock worth $4,911,000 after acquiring an additional 10,535 shares in the last quarter. Maryland State Retirement & Pension System grew its position in shares of EPAM Systems by 37.4% in the 3rd quarter. Maryland State Retirement & Pension System now owns 14,223 shares of the information technology services provider’s stock valued at $1,541,000 after buying an additional 3,873 shares during the last quarter. Davis Investment Partners LLC acquired a new stake in EPAM Systems during the 3rd quarter worth $372,000. Illinois Municipal Retirement Fund raised its stake in EPAM Systems by 252.9% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 58,749 shares of the information technology services provider’s stock worth $6,366,000 after acquiring an additional 42,103 shares in the last quarter. Finally, Fulcrum Asset Management LLP lifted its position in EPAM Systems by 96,341.9% in the third quarter. Fulcrum Asset Management LLP now owns 29,897 shares of the information technology services provider’s stock valued at $3,203,000 after acquiring an additional 29,866 shares during the last quarter. Hedge funds and other 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: Third-quarter non-GAAP EPS of $3.51 topped the $3.41 consensus, and revenue of $1.426 billion exceeded estimates of $1.42 billion, rising 2.3% year over year. EPAM also raised its 2026 outlook, forecasting full-year non-GAAP EPS of $13.23–$13.31 and revenue growth of 3.5%–3.7%. EPAM Reports Results for Third Quarter 2026
• Positive Sentiment: EPAM expanded its remaining share-repurchase authorization to $1.8 billion, plans a $500 million accelerated repurchase, and committed to return at least 50% of free cash flow to shareholders annually from 2027 through 2029. It also lifted its 2026 AI-native revenue target to $650 million. EPAM shareholder-return and AI revenue plans
• Positive Sentiment: Several firms raised price targets after the results. Susquehanna lifted its target to $190 with a positive rating, while Wells Fargo raised its target to $176 and maintained an overweight rating. Susquehanna recommendations
• Neutral Sentiment: Revenue growth remains in the low single digits, which may temper enthusiasm despite the earnings beat and improved outlook. Analyst views are also mixed: Truist kept a hold rating and Wedbush a neutral rating after raising their targets. EPAM 2026 earnings guidance

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.