TD Cowen Upgrades EPAM Systems (NYSE:EPAM) to Buy

Key Points

• EPAM Systems was upgraded from a "hold" rating to a "buy" rating by TD Cowen, with a price target of $205.00, indicating a potential upside of 29.81% from its current price.
• Despite the upgrade, EPAM shares are currently down 0.9% and have a mixed consensus rating with four analysts rating it as "hold" and fourteen as "buy".
• For the latest quarter, the company reported an EPS of $2.77, surpassing estimates, and showcased an 18.0% year-over-year revenue growth.

EPAM Systems (NYSE:EPAM - Get Free Report) was upgraded by TD Cowen from a "hold" rating to a "buy" rating in a research note issued on Monday, MarketBeat reports. The firm presently has a $205.00 target price on the information technology services provider's stock. TD Cowen's price target would indicate a potential upside of 17.34% from the stock's current price.

Several other equities analysts have also weighed in on the company. Needham & Company LLC lifted their price target on EPAM Systems from $185.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Guggenheim boosted their target price on EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Barclays boosted their target price on EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a report on Monday. Finally, Stifel Nicolaus decreased their price target on EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $226.25.

EPAM Systems Trading Up 5.0%

NYSE:EPAM traded up $8.3080 during midday trading on Monday, hitting $174.7080. The stock had a trading volume of 802,925 shares, compared to its average volume of 750,851. The stock has a 50-day moving average of $167.23 and a 200 day moving average of $179.09. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $9.73 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 2.42 and a beta of 1.67. EPAM Systems has a one year low of $138.15 and a one year high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share for the quarter, topping analysts' consensus estimates of $2.61 by $0.16. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business earned $2.45 earnings per share. EPAM Systems's revenue was up 18.0% on a year-over-year basis. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. As a group, sell-side analysts forecast that EPAM Systems will post 8.9 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Ninety One UK Ltd purchased a new position in shares of EPAM Systems during the 1st quarter worth approximately $186,280,000. Invesco Ltd. boosted its stake in EPAM Systems by 37.1% in the 1st quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider's stock worth $602,674,000 after buying an additional 965,089 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of EPAM Systems by 98.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,628,304 shares of the information technology services provider's stock valued at $274,923,000 after buying an additional 809,423 shares during the period. Norges Bank purchased a new stake in shares of EPAM Systems during the 2nd quarter valued at $137,671,000. Finally, Alyeska Investment Group L.P. grew its stake in shares of EPAM Systems by 2,332.9% during the 1st quarter. Alyeska Investment Group L.P. now owns 729,877 shares of the information technology services provider's stock valued at $123,232,000 after buying an additional 699,877 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

About EPAM Systems

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.