Citigroup Lowers EPAM Systems (NYSE:EPAM) Price Target to $145.00

Key Points

• Citigroup cut its price target on EPAM from $155 to $145 and kept a "neutral" rating, implying roughly a 15.9% upside from the current share price.
• Several other firms (Goldman Sachs, Wells Fargo, Truist, JPMorgan) also trimmed targets; analysts overall show a mix of views with 11 Buys and 7 Holds and a consensus price target of $193.56 ("Moderate Buy").
• Shares traded down to $125.09 (near a 52‑week low) despite an earnings beat and FY2026 guidance of $12.60–$12.90 EPS, highlighting mixed fundamentals amid analyst downgrades.

EPAM Systems (NYSE:EPAM - Get Free Report) had its price target decreased by stock analysts at Citigroup from $155.00 to $145.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the information technology services provider's stock. Citigroup's target price would suggest a potential upside of 15.92% from the stock's current price.

A number of other research firms also recently weighed in on EPAM. The Goldman Sachs Group cut their target price on EPAM Systems from $250.00 to $235.00 and set a "buy" rating for the company in a research report on Thursday, February 19th. Zacks Research downgraded EPAM Systems from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 28th. Wells Fargo & Company dropped their price objective on EPAM Systems from $247.00 to $195.00 and set an "overweight" rating for the company in a research report on Friday, February 20th. Truist Financial dropped their price objective on EPAM Systems from $220.00 to $146.00 and set a "hold" rating for the company in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. dropped their price objective on EPAM Systems from $215.00 to $183.00 and set an "overweight" rating for the company in a research report on Friday, February 20th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, EPAM Systems has an average rating of "Moderate Buy" and a consensus price target of $193.56.

EPAM Systems Price Performance

Shares of NYSE:EPAM traded down $4.90 during trading on Thursday, reaching $125.09. 720,776 shares of the company traded hands, compared to its average volume of 1,181,393. The company's 50 day moving average is $150.88 and its two-hundred day moving average is $172.74. The firm has a market capitalization of $6.56 billion, a PE ratio of 18.63, a PEG ratio of 1.34 and a beta of 1.73. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.01. EPAM Systems has a 52 week low of $123.53 and a 52 week high of $222.53.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its earnings results on Thursday, February 19th. The information technology services provider reported $3.26 earnings per share for the quarter, beating analysts' consensus estimates of $3.16 by $0.10. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. EPAM Systems had a return on equity of 13.57% and a net margin of 6.92%.The company's revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.84 EPS. EPAM Systems has set its FY 2026 guidance at 12.600-12.900 EPS and its Q1 2026 guidance at 2.700-2.780 EPS. As a group, sell-side analysts predict that EPAM Systems will post 8.9 earnings per share for the current year.

Hedge Funds Weigh In On EPAM Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Asset Management One Co. Ltd. increased its holdings in 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 worth $439,000 after purchasing an additional 51 shares in the last quarter. Rothschild Investment LLC increased its holdings in EPAM Systems by 51.4% in 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 holdings in EPAM Systems by 6.4% in 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. MassMutual Private Wealth & Trust FSB increased its holdings in EPAM Systems by 34.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 232 shares of the information technology services provider's stock worth $48,000 after purchasing an additional 60 shares in the last quarter. Finally, CVA Family Office LLC increased its holdings in EPAM Systems by 25.1% in the 4th quarter. CVA Family Office LLC now owns 309 shares of the information technology services provider's stock worth $63,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

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.

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