Needham & Company LLC Forecasts Strong Price Appreciation for EPAM Systems (NYSE:EPAM) Stock

EPAM Systems (NYSE:EPAM) had its price target lifted by research analysts at Needham & Company LLC from $120.00 to $200.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the information technology services provider’s stock. Needham & Company LLC‘s price objective would indicate a potential upside of 19.43% from the company’s current price.

EPAM has been the subject of several other research reports. Citigroup raised their target price on EPAM Systems from $100.00 to $140.00 and gave the stock a “neutral” rating in a research report on Monday, October 26th. Wells Fargo & Company upped their price target on EPAM Systems from $125.00 to $156.00 and gave the company an “overweight” rating in a research report on Monday, October 26th. Guggenheim increased their price objective on EPAM Systems from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday. Weiss Ratings upgraded EPAM Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. Finally, William Blair cut EPAM Systems from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 6th. Six equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the 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 Trading Up 21.9%

EPAM Systems stock traded up $30.11 during midday trading on Thursday, reaching $167.47. The stock had a trading volume of 3,672,184 shares, compared to its average volume of 1,475,446. EPAM Systems has a twelve month low of $73.06 and a twelve month high of $222.53. 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 cap of $8.64 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 1.44 and a beta of 1.28. The firm’s fifty day simple moving average is $119.78 and its two-hundred day simple moving average is $121.86.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $0.22. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.41 billion. EPAM Systems had a net margin of 7.15% and a return on equity of 15.84%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.77 EPS. Equities analysts anticipate that EPAM Systems will post 10.47 EPS for the current fiscal year.

Institutional Investors Weigh In On EPAM Systems

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

Key Headlines Impacting EPAM Systems

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

• Positive Sentiment: Q3 results topped estimates. EPAM reported non-GAAP earnings of $3.51 per share, versus the $3.41 consensus, and revenue of $1.426 billion, modestly ahead of expectations. Revenue grew 2.3% year over year, while operating margins improved. EPAM Q3 results Zacks earnings coverage
• Positive Sentiment: 2026 guidance was raised. The company now expects full-year revenue growth of 3.5%–3.7% and non-GAAP diluted EPS of $13.23–$13.31. It also forecasts Q4 adjusted EPS of $3.50–$3.58. EPAM raises FY26 outlook
• Positive Sentiment: Shareholder returns are expanding. EPAM added $1.5 billion to its repurchase authorization, leaving $1.8 billion available, plans a $500 million accelerated buyback next week, and committed to return at least 50% of free cash flow annually from 2027 through 2029. EPAM buyback announcement
• Neutral Sentiment: Analyst caution remains. Morgan Stanley raised its price target to $140 from $97 but kept an equal-weight rating; the target was below the stock’s prevailing trading level before the earnings-driven move.

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.