Needham & Company LLC Forecasts Strong Price Appreciation for EPAM Systems (NYSE:EPAM) Stock

Key Points

• Needham raised its EPAM price target to $200 from $120 and reiterated a Buy rating, implying about 19% upside from the stock’s reported price.
• Analyst views remain mixed: EPAM has a consensus Hold rating and an average target of $130.73, below the reported share price.
• Recent company updates were positive: EPAM topped Q3 earnings and revenue estimates, raised its 2026 outlook, and expanded its share-repurchase plans.

EPAM Systems (NYSE:EPAM - Get Free Report) had its price target hoisted by investment analysts at Needham & Company LLC from $120.00 to $200.00 in a report issued on Thursday, Benzinga reports. The firm presently has a "buy" rating on the information technology services provider's stock. Needham & Company LLC's target price would suggest a potential upside of 19.43% from the company's current price.

A number of other equities research analysts have also recently weighed in on the stock. William Blair cut shares of EPAM Systems from an "outperform" rating to a "market perform" rating in a research note on Thursday, August 6th. Wells Fargo & Company increased their target price on shares of EPAM Systems from $125.00 to $156.00 and gave the company an "overweight" rating in a research report on Monday, October 26th. Mizuho set a $130.00 target price on shares of EPAM Systems in a research note on Monday, August 10th. Stifel Nicolaus set a $135.00 target price on shares of EPAM Systems in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of EPAM Systems from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, October 23rd. Six equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $130.73.

EPAM Systems Stock Performance

EPAM stock traded up $30.11 on Thursday, reaching $167.47. The company's stock had a trading volume of 3,672,184 shares, compared to its average volume of 1,475,446. EPAM Systems has a 52 week low of $73.06 and a 52 week high of $222.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.75 and a quick ratio of 2.75. The company has a market capitalization of $8.64 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 1.44 and a beta of 1.28. The firm has a fifty day moving average of $119.78 and a two-hundred day moving average of $121.86.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its earnings results on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share 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 the consensus estimate of $1.41 billion. During the same quarter in the previous year, the business earned $2.77 EPS. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. As a group, analysts predict that EPAM Systems will post 10.47 EPS for the current fiscal year.

Institutional Trading of EPAM Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. boosted its position in shares of EPAM Systems by 236.2% in the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 232 shares of the information technology services provider's stock valued at $25,000 after purchasing an additional 163 shares during the period. Financial Management Professionals Inc. increased its stake in EPAM Systems by 47.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 268 shares of the information technology services provider's stock worth $29,000 after purchasing an additional 86 shares in the last quarter. Signaturefd LLC raised its holdings in EPAM Systems by 1,068.3% during the 2nd quarter. Signaturefd LLC now owns 479 shares of the information technology services provider's stock worth $38,000 after buying an additional 438 shares during the period. Global Retirement Partners LLC acquired a new stake in EPAM Systems during the 2nd quarter worth about $43,000. Finally, Trust Asset Management LLC acquired a new stake in EPAM Systems during the 2nd quarter worth about $50,000. Institutional investors own 91.58% of the company's stock.

Key Headlines Impacting EPAM Systems

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

• Positive Sentiment: Q3 results topped estimates. EPAM reported non-GAAP earnings of $3.51 per share, versus the $3.41 consensus, and revenue of $1.426 billion, modestly ahead of expectations. Revenue grew 2.3% year over year, while operating margins improved. EPAM Q3 results Zacks earnings coverage
• Positive Sentiment: 2026 guidance was raised. The company now expects full-year revenue growth of 3.5%–3.7% and non-GAAP diluted EPS of $13.23–$13.31. It also forecasts Q4 adjusted EPS of $3.50–$3.58. EPAM raises FY26 outlook
• Positive Sentiment: Shareholder returns are expanding. EPAM added $1.5 billion to its repurchase authorization, leaving $1.8 billion available, plans a $500 million accelerated buyback next week, and committed to return at least 50% of free cash flow annually from 2027 through 2029. EPAM buyback announcement
• Neutral Sentiment: Analyst caution remains. Morgan Stanley raised its price target to $140 from $97 but kept an equal-weight rating; the target was below the stock’s prevailing trading level before the earnings-driven move.

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.

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