Needham & Company LLC Cuts EPAM Systems (NYSE:EPAM) Price Target to $120.00

EPAM Systems (NYSE:EPAM) had its target price lowered by Needham & Company LLC from $135.00 to $120.00 in a report issued on Thursday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the information technology services provider’s stock.

Other analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $85.00 price target on shares of EPAM Systems in a report on Friday, July 10th. Stifel Nicolaus set a $135.00 price objective on shares of EPAM Systems in a report on Thursday. Weiss Ratings reissued a “sell (d+)” rating on shares of EPAM Systems in a research report on Tuesday. Citigroup cut their target price on shares of EPAM Systems from $112.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. Finally, Morgan Stanley reduced their price target on shares of EPAM Systems from $112.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 4th. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $125.13.

EPAM Systems Price Performance

Shares of NYSE EPAM opened at $97.52 on Thursday. The company has a quick ratio of 2.67, a current ratio of 2.75 and a debt-to-equity ratio of 0.01. EPAM Systems has a fifty-two week low of $73.06 and a fifty-two week high of $222.53. The business has a 50 day moving average price of $91.11 and a two-hundred day moving average price of $123.83. The firm has a market cap of $5.09 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 0.92 and a beta of 1.39.

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 analysts’ consensus estimates of $3.16 by $0.22. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.41 billion. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%.EPAM Systems’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.77 EPS. EPAM Systems has set its FY 2026 guidance at 13.080-13.240 EPS and its Q3 2026 guidance at 3.380-3.460 EPS. Sell-side analysts expect that EPAM Systems will post 10.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EPAM. BlackRock Inc. acquired a new position in shares of EPAM Systems in the 2nd quarter valued at about $526,684,000. Capital World Investors raised its stake in EPAM Systems by 59.4% during the fourth quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock worth $753,874,000 after acquiring an additional 1,371,557 shares during the period. Boston Partners acquired a new position in EPAM Systems in the fourth quarter valued at approximately $349,428,000. JPMorgan Chase & Co. raised its position in shares of EPAM Systems by 56.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,147,930 shares of the information technology services provider’s stock worth $235,188,000 after purchasing an additional 416,324 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of 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 worth $219,823,000 after purchasing an additional 13,768 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Trending Headlines about EPAM Systems

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

• Positive Sentiment: EPAM reported second-quarter non-GAAP EPS of $3.38, above the $3.14–$3.16 analyst consensus, while revenue of $1.415 billion was approximately in line with expectations and increased 4.5% year over year. Non-GAAP operating margin expanded to 16.4% from 15.0%, and EPS rose 22% from the prior year. EPAM Reports Results for Second Quarter 2026
• Positive Sentiment: Full-year adjusted EPS guidance of $13.08 to $13.24 is above the roughly $12.53 consensus, and third-quarter EPS guidance of $3.38 to $3.46 also exceeds estimates. EPAM additionally repurchased $85 million of stock during the quarter, bringing year-to-date repurchases to $409 million. EPAM Q2 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: JPMorgan lowered its price target to $120 from $142 but retained an “overweight” rating. Susquehanna cut its target to $146 from $167 while maintaining a “positive” rating, and Needham reduced its target to $120 from $135 while keeping a “buy” rating. The revised targets still imply substantial potential appreciation from recent levels.
• Negative Sentiment: EPAM reduced its full-year revenue-growth outlook to 3.2%–4.2%, including 2.0%–3.0% organic constant-currency growth, reflecting weaker demand for software services. Reuters reported that the forecast cut triggered a sharp premarket selloff and remains the main investor concern. EPAM Cuts Annual Revenue Forecast on Weak Software Services Demand
• Negative Sentiment: Truist lowered its price target to $110 from $112 and assigned a “hold” rating, while William Blair downgraded EPAM from “outperform” to “market perform.” These actions reinforce caution around the company’s slower top-line growth.

About EPAM Systems

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.