Wells Fargo & Company Forecasts Strong Price Appreciation for EPAM Systems (NYSE:EPAM) Stock

Key Points

• Wells Fargo raised its EPAM Systems price target from $125 to $156 and maintained an “overweight” rating, implying 12.81% upside from the reported share price.
• Analyst sentiment remains mixed: EPAM has a consensus “Hold” rating and an average price target of $118.53, despite six Buy ratings and Wells Fargo’s more bullish outlook.
• EPAM reported quarterly earnings of $3.38 per share, exceeding expectations of $3.16, while revenue reached $1.41 billion and increased 4.6% year over year.

EPAM Systems (NYSE:EPAM - Get Free Report) had its target price lifted by equities researchers at Wells Fargo & Company from $125.00 to $156.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an "overweight" rating on the information technology services provider's stock. Wells Fargo & Company's price target suggests a potential upside of 12.81% from the stock's current price.

A number of other research firms have also weighed in on EPAM. Morgan Stanley set a $97.00 target price on shares of EPAM Systems in a report on Friday, August 7th. Susquehanna dropped their price target on shares of EPAM Systems from $167.00 to $146.00 and set a "positive" rating for the company in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $85.00 price target on shares of EPAM Systems in a research note on Friday, July 10th. Stifel Nicolaus set a $135.00 price target on shares of EPAM Systems in a report on Thursday, August 6th. Finally, Citigroup reissued a "neutral" rating on shares of EPAM Systems in a research note on Monday. Six research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, EPAM Systems has a consensus rating of "Hold" and a consensus price target of $118.53.

EPAM Systems Price Performance

EPAM traded up $2.03 on Monday, reaching $138.28. The stock had a trading volume of 27,447 shares, compared to its average volume of 1,463,612. The firm has a 50-day moving average of $115.06 and a 200-day moving average of $105.31. EPAM Systems has a fifty-two week low of $73.06 and a fifty-two week high of $222.53. The company has a market capitalization of $7.13 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 1.42 and a beta of 1.39. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share for the quarter, topping 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 company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.41 billion. During the same period in the previous year, the business posted $2.77 earnings per share. The business'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, sell-side analysts anticipate that EPAM Systems will post 10.47 EPS for the current year.

Institutional Investors Weigh In On EPAM Systems

Hedge funds have recently added to or reduced their stakes in the business. Financial Management Professionals Inc. grew its position in shares of EPAM Systems by 47.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 268 shares of the information technology services provider's stock worth $29,000 after buying an additional 86 shares during the period. Signaturefd LLC boosted its stake in EPAM Systems by 1,068.3% during the second quarter. Signaturefd LLC now owns 479 shares of the information technology services provider's stock worth $38,000 after acquiring an additional 438 shares in the last quarter. Global Retirement Partners LLC bought a new position in EPAM Systems during the second quarter worth $43,000. Trust Asset Management LLC bought a new position in EPAM Systems during the second quarter worth $50,000. Finally, Elevation Wealth Partners LLC grew its holdings in EPAM Systems by 94.1% in the third quarter. Elevation Wealth Partners LLC now owns 493 shares of the information technology services provider's stock worth $53,000 after purchasing an additional 239 shares during the period. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Company Profile

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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