EPAM Systems (NYSE:EPAM) Given New $135.00 Price Target at Needham & Company LLC

Key Points

• Needham & Company cut its price target on EPAM to $135 (from $175) but maintained a "buy" rating, implying roughly a 30.55% upside from the current price.
• EPAM beat Q1 estimates with $2.86 EPS and $1.40B revenue (up 7.6% YoY), raised its profit outlook and Q2 EPS guidance, repurchased $324M in Q1, and announced a strategic partnership with Anthropic.
• Despite the results, shares slipped to $103.41 as analysts trimmed price targets and investors focused on revenue‑growth guidance nuance, driving heavier trading volume and a pullback.

EPAM Systems (NYSE:EPAM - Get Free Report) had its price objective dropped by analysts at Needham & Company LLC from $175.00 to $135.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the information technology services provider's stock. Needham & Company LLC's price objective would indicate a potential upside of 30.55% from the company's current price.

Several other analysts have also recently weighed in on the stock. Zacks Research cut shares of EPAM Systems from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 28th. Morgan Stanley dropped their price target on shares of EPAM Systems from $160.00 to $148.00 and set an "equal weight" rating for the company in a research note on Tuesday. Guggenheim lowered their price objective on shares of EPAM Systems from $225.00 to $200.00 and set a "buy" rating for the company in a research report on Monday. Wells Fargo & Company lowered their price objective on shares of EPAM Systems from $247.00 to $195.00 and set an "overweight" rating for the company in a research report on Friday, February 20th. Finally, Susquehanna lowered their price objective on shares of EPAM Systems from $199.00 to $167.00 and set a "positive" rating for the company in a research report on Monday. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, EPAM Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $181.93.

EPAM Systems Price Performance

Shares of EPAM stock traded down $3.57 during trading hours on Thursday, reaching $103.41. The company had a trading volume of 2,416,359 shares, compared to its average volume of 1,264,810. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.59 and a current ratio of 2.59. The stock has a fifty day moving average of $131.70 and a 200-day moving average of $169.26. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 1.07 and a beta of 1.45. EPAM Systems has a 12-month low of $99.65 and a 12-month high of $222.53.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.11. EPAM Systems had a net margin of 6.92% and a return on equity of 13.57%. The business had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $1.39 billion. During the same quarter in the prior year, the company posted $2.41 EPS. The business's revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts anticipate that EPAM Systems will post 9.94 earnings per share for the current year.

Institutional Investors Weigh In On EPAM Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. boosted its holdings in EPAM Systems by 4,233.3% in the fourth quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider's stock valued at $27,000 after purchasing an additional 127 shares in the last quarter. Sound Income Strategies LLC increased its stake in EPAM Systems by 279.5% in the fourth quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider's stock valued at $31,000 after purchasing an additional 109 shares during the period. CYBER HORNET ETFs LLC acquired a new position in EPAM Systems in the second quarter valued at $27,000. 1248 Management LLC acquired a new position in EPAM Systems in the fourth quarter valued at $32,000. Finally, Rothschild Investment LLC increased its stake in EPAM Systems by 51.4% in the fourth quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider's stock valued at $33,000 after purchasing an additional 54 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about EPAM Systems

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

• Positive Sentiment: Q1 earnings beat and revenue growth — EPAM reported non‑GAAP EPS of $2.86 (above consensus) and revenue of $1.40B, a 7.6% year‑over‑year increase, showing demand in Financial Services and Software/Hi‑Tech. EPAM Reports Results for First Quarter 2026
• Positive Sentiment: Raised profit outlook and strong Q2 EPS guidance — Management raised its annual profit forecast and gave Q2 EPS guidance (3.10–3.18) above consensus, which supports margins and EPS visibility. EPAM Raises Annual Profit Forecast
• Positive Sentiment: Share buybacks — EPAM repurchased $324M in Q1, including a $300M accelerated share repurchase, supporting EPS and capital return. EPAM Buybacks
• Positive Sentiment: Strategic AI partnership — The Anthropic collaboration positions EPAM to capture enterprise GenAI demand, which could drive higher-value services. EPAM & Anthropic Team Up
• Neutral Sentiment: Top‑line largely in line with expectations — Several outlets note Q1 sales were roughly in line with Street estimates, so revenue upside was limited. EPAM Posts Q1 Sales In Line
• Neutral Sentiment: Guidance nuance — While EPS guidance was raised, the company narrowed its full‑year revenue growth range to 4.0%–6.5% (organic 2.5%–5.0%), which reduces top‑line certainty even as profitability targets improved. Full-Year Guidance
• Negative Sentiment: Analyst price‑target cut citing Q2 revenue risks — Guggenheim lowered its PT to $200 (from $225) and flagged risks to the Q2 revenue outlook, which likely weighed on investor sentiment. Guggenheim Cuts PT on EPAM
• Negative Sentiment: Shares slipped on the day despite the beat — Market reaction shows investors focused on guidance nuance and PT cut rather than the EPS beat, producing heavier trading volume and a pullback. Shares Slip Despite Earnings

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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