Truist Financial Issues Pessimistic Forecast for EPAM Systems (NYSE:EPAM) Stock Price

EPAM Systems (NYSE:EPAM) had its target price lowered by Truist Financial from $112.00 to $110.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “hold” rating on the information technology services provider’s stock. Truist Financial’s target price would indicate a potential upside of 16.66% from the company’s current price.

Several other equities analysts have also commented on EPAM. Morgan Stanley lowered their price objective on shares of EPAM Systems from $112.00 to $100.00 and set an “equal weight” rating for the company in a research report on Tuesday. Weiss Ratings restated a “sell (d+)” rating on shares of EPAM Systems in a report on Tuesday. Jefferies Financial Group cut shares of EPAM Systems from a “buy” rating to a “hold” rating and decreased their target price for the company from $130.00 to $110.00 in a research report on Friday, May 29th. The Goldman Sachs Group downgraded shares of EPAM Systems from a “buy” rating to a “neutral” rating and lowered their price target for the company from $215.00 to $110.00 in a report on Friday, May 8th. Finally, Citigroup dropped their price target on EPAM Systems from $112.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, July 27th. Seven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $130.27.

EPAM Systems Stock Performance

NYSE:EPAM opened at $94.29 on Friday. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 1.04 and a beta of 1.39. EPAM Systems has a 1 year low of $73.06 and a 1 year high of $222.53. The stock’s 50 day simple moving average is $91.22 and its two-hundred day simple moving average is $124.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, August 6th. The information technology services provider reported $3.38 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $0.22. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the company earned $2.77 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. 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. As a group, equities analysts anticipate that EPAM Systems will post 10.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large 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 in the last quarter. Rothschild Investment LLC increased its position in EPAM Systems by 51.4% during the 4th quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 54 shares in the last quarter. Horizon Investments LLC increased its position in EPAM Systems by 6.4% during the 4th quarter. Horizon Investments LLC now owns 928 shares of the information technology services provider’s stock worth $190,000 after purchasing an additional 56 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in EPAM Systems by 4.5% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,570 shares of the information technology services provider’s stock valued at $322,000 after buying an additional 67 shares during the period. Finally, Bradley Foster & Sargent Inc. CT raised its holdings in EPAM Systems by 2.8% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,686 shares of the information technology services provider’s stock valued at $550,000 after buying an additional 74 shares during the period. 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: EPAM reported second-quarter non-GAAP earnings of $3.38 per share, above the roughly $3.14–$3.16 analyst consensus, while revenue of $1.415 billion increased approximately 4.5% year over year and matched expectations. Non-GAAP operating margin expanded to 16.4% from 15.0%, and non-GAAP EPS rose 22%. EPAM Reports Results for Second Quarter 2026
• Positive Sentiment: Management’s third-quarter EPS outlook of $3.38–$3.46 exceeded the $3.33 consensus, while full-year non-GAAP EPS guidance of $13.08–$13.24 was above the $12.53 analyst estimate. EPAM also repurchased $85 million of stock during the quarter and $409 million year to date. EPAM Q2 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: Susquehanna maintained a positive rating but reduced its price target to $146 from $167. Needham also kept a Buy rating while lowering its target to $120 from $135. These targets imply substantial potential upside but reflect more cautious valuation assumptions.
• Negative Sentiment: EPAM cut its full-year revenue-growth forecast to 3.2%–4.2%, including just 2.0%–3.0% organic constant-currency growth. The $5.6–$5.7 billion revenue outlook is at or below the $5.7 billion consensus, signaling softer demand for software and digital transformation services. EPAM cuts annual revenue forecast on weak software services demand
• Negative Sentiment: William Blair downgraded EPAM from “outperform” to “market perform,” while Morgan Stanley lowered its price target to $100. The analyst caution, combined with the weaker revenue trajectory, is outweighing the better-than-expected quarterly profit and EPS guidance.

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.