EPAM Systems (NYSE:EPAM) Stock Price Target Raised at Truist Financial

EPAM Systems (NYSE:EPAM) had its price objective upped by Truist Financial from $110.00 to $150.00 in a research report released on Friday morning,Benzinga reports. Truist Financial currently has a hold rating on the information technology services provider’s stock.

Several other research firms have also issued reports on EPAM. William Blair lowered shares of EPAM Systems from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 6th. Wedbush lifted their price target on EPAM Systems from $99.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday. TD Cowen reduced their price target on EPAM Systems from $131.00 to $120.00 and set a “buy” rating for the company in a report on Friday, August 7th. Wells Fargo & Company increased their price target on EPAM Systems from $156.00 to $176.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $85.00 price objective on shares of EPAM Systems in a report on Friday, July 10th. Six 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, EPAM Systems presently has a consensus rating of “Hold” and an average target price of $143.73.

EPAM Systems Stock Performance

Shares of EPAM stock traded down $6.87 on Friday, hitting $158.83. The company had a trading volume of 3,339,845 shares, compared to its average volume of 932,562. EPAM Systems has a twelve month low of $73.06 and a twelve month high of $222.53. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.01. The firm has a market cap of $8.19 billion, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 1.49 and a beta of 1.28. The company has a 50-day moving average price of $121.86 and a 200-day moving average price of $121.40.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, November 5th. The information technology services provider reported $3.51 EPS for the quarter, topping the consensus estimate of $3.41 by $0.10. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the company earned $3.08 earnings per share. EPAM Systems’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities research analysts predict that EPAM Systems will post 10.47 earnings per share for the current fiscal year.

Institutional Trading of EPAM Systems

Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its stake in EPAM Systems by 30.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 45,342 shares of the information technology services provider’s stock valued at $4,911,000 after buying an additional 10,535 shares in the last quarter. Maryland State Retirement & Pension System increased its stake in EPAM Systems by 37.4% during the 3rd quarter. Maryland State Retirement & Pension System now owns 14,223 shares of the information technology services provider’s stock worth $1,541,000 after buying an additional 3,873 shares in the last quarter. Davis Investment Partners LLC purchased a new stake in EPAM Systems during the 3rd quarter worth approximately $372,000. Illinois Municipal Retirement Fund raised its holdings in shares of EPAM Systems by 252.9% during the third quarter. Illinois Municipal Retirement Fund now owns 58,749 shares of the information technology services provider’s stock valued at $6,366,000 after acquiring an additional 42,103 shares during the last quarter. Finally, Fulcrum Asset Management LLP raised its holdings in shares of EPAM Systems by 96,341.9% during 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.

EPAM Systems News Summary

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

About EPAM Systems

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.