Wells Fargo & Company Has Lowered Expectations for EPAM Systems (NYSE:EPAM) Stock Price

EPAM Systems (NYSE:EPAM) had its target price decreased by equities researchers at Wells Fargo & Company from $195.00 to $151.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 51.26% from the company’s current price.

Several other equities analysts have also recently weighed in on EPAM. Needham & Company LLC lowered their price objective on shares of EPAM Systems from $175.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of EPAM Systems from $215.00 to $183.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Mizuho lifted their price objective on shares of EPAM Systems from $199.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, March 16th. Truist Financial lowered their price objective on shares of EPAM Systems from $220.00 to $146.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. Finally, Guggenheim lowered their price objective on shares of EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.86.

EPAM Systems Price Performance

EPAM Systems stock traded down $4.41 during mid-day trading on Friday, hitting $99.83. The company’s stock had a trading volume of 249,890 shares, compared to its average volume of 1,269,000. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $5.24 billion, a P/E ratio of 14.85, a P/E/G ratio of 1.04 and a beta of 1.45. EPAM Systems has a twelve month low of $99.00 and a twelve month high of $222.53. The stock’s fifty day moving average price is $131.21 and its two-hundred day moving average price is $168.98.

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

Institutional Investors Weigh In On EPAM Systems

A number of institutional investors have recently modified their holdings of EPAM. Asset Management One Co. Ltd. lifted its stake in shares of EPAM Systems by 2.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,074 shares of the information technology services provider’s stock valued at $439,000 after purchasing an additional 51 shares during the last quarter. Rothschild Investment LLC lifted its stake in shares of EPAM Systems by 51.4% in the 4th quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock valued at $33,000 after purchasing an additional 54 shares during the last quarter. Horizon Investments LLC lifted its stake in shares of EPAM Systems by 6.4% in the 4th quarter. Horizon Investments LLC now owns 928 shares of the information technology services provider’s stock valued at $190,000 after purchasing an additional 56 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of EPAM Systems by 34.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 232 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 60 shares during the last quarter. Finally, CVA Family Office LLC lifted its stake in shares of EPAM Systems by 25.1% in the 4th quarter. CVA Family Office LLC now owns 309 shares of the information technology services provider’s stock valued at $63,000 after purchasing an additional 62 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Trending Headlines about EPAM Systems

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

• Positive Sentiment: Q1 beat and strong cash return — EPAM reported non‑GAAP EPS of $2.86 (vs. $2.75 consensus) and revenue of $1.40B (+7.6% Y/Y). The company repurchased $324M of stock (including a $300M ASR), which supports EPS and shareholder value. EPAM Reports Results for First Quarter 2026
• Positive Sentiment: Profit outlook raised — Management raised its annual profit forecast on continued strong IT services demand, which suggests margin and profitability momentum even as revenue growth moderates. EPAM raises annual profit forecast
• Positive Sentiment: Applied-AI partnership — EPAM announced a partnership with Anthropic focused on applied AI, which could expand addressable services and drive higher‑margin AI projects over time. This supports longer‑term growth expectations tied to AI demand. EPAM forecasts 4%-6.5% 2026 revenue growth amid applied AI partnership with Anthropic
• Neutral Sentiment: Conference materials available — The full Q1 earnings presentation and call transcript are posted for details on client trends, vertical performance and backlog; these provide color but don’t change headline results. EPAM Q1 Results Presentation Q1 Earnings Call Transcript
• Negative Sentiment: Revenue-growth guidance trimmed — EPAM narrowed its full‑year revenue growth range to 4.0%–6.5% (organic constant currency 2.5%–5.0%), which is lower than prior targets and signals slower top‑line momentum; this is the principal near‑term headwind. EPAM trims 2026 growth outlook despite AI gains
• Negative Sentiment: Analyst price-target cuts — Several firms trimmed targets (Needham lowered its PT to $135 from $175; Guggenheim also cut its target), which can pressure sentiment and reduce buy-side conviction in the near term. Needham lowers EPAM price target Guggenheim cuts price target

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.