EPAM Systems (NYSE:EPAM) Price Target Lowered to $120.00 at JPMorgan Chase & Co.

EPAM Systems (NYSE:EPAM) had its price objective trimmed by JPMorgan Chase & Co. from $142.00 to $120.00 in a report released on Friday,Benzinga reports. The firm currently has an overweight rating on the information technology services provider’s stock.

A number of other equities research analysts have also recently issued reports on the company. Jefferies Financial Group cut EPAM Systems from a “buy” rating to a “hold” rating and lowered their price objective for the company from $130.00 to $110.00 in a research note on Friday, May 29th. Wells Fargo & Company dropped their price objective on shares of EPAM Systems from $151.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, July 10th. Stifel Nicolaus set a $135.00 target price on shares of EPAM Systems in a research report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $85.00 target price on shares of EPAM Systems in a research note on Friday, July 10th. Finally, Guggenheim lowered their price target 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, May 4th. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $125.13.

EPAM Systems Price Performance

Shares of NYSE EPAM opened at $97.52 on Friday. The company has a current ratio of 2.75, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $91.11 and a two-hundred day simple moving average of $123.83. EPAM Systems has a 1-year low of $73.06 and a 1-year high of $222.53. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 0.88 and a beta of 1.39.

EPAM Systems (NYSE:EPAM) last issued 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. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%.The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the company posted $2.77 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. 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. Analysts anticipate that EPAM Systems will post 10.4 earnings per share for the current year.

Institutional Trading of EPAM Systems

A number of institutional investors have recently added to or reduced their stakes in EPAM. Sunbelt Securities Inc. grew its holdings in EPAM Systems by 4,233.3% during the 4th quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 127 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of EPAM Systems by 279.5% during the fourth quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 109 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of EPAM Systems during the second quarter valued at about $27,000. 1248 Management LLC purchased a new stake in shares of EPAM Systems in the fourth quarter worth about $32,000. Finally, Rothschild Investment LLC lifted its holdings in shares of EPAM Systems by 51.4% in the fourth quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock worth $33,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Key EPAM Systems News

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.