JPMorgan Chase & Co. Cuts EPAM Systems (NYSE:EPAM) Price Target to $120.00

Key Points

• JPMorgan cut EPAM Systems’ price target from $142 to $120 while maintaining an “overweight” rating, implying approximately 22% upside from the prior close.
• Analyst sentiment remains mixed: EPAM has a consensus “Hold” rating and an average price target of $125.87, with several firms recently lowering targets.
• EPAM exceeded quarterly EPS expectations and shares rose 5.4% to $98.13, but the company’s reduced full-year revenue outlook reflects weaker demand for software services.

EPAM Systems (NYSE:EPAM - Get Free Report) had its price target dropped by investment analysts at JPMorgan Chase & Co. from $142.00 to $120.00 in a research report issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the information technology services provider's stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 22.29% from the company's previous close.

EPAM has been the topic of a number of other reports. Needham & Company LLC decreased their price target on EPAM Systems from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday. Citigroup cut their target price on EPAM Systems from $112.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday, July 27th. Susquehanna lowered their price target on EPAM Systems from $167.00 to $146.00 and set a "positive" rating on the stock in a report on Friday. Wells Fargo & Company reduced their price objective on EPAM Systems from $151.00 to $125.00 and set an "overweight" rating for the company in a report on Friday, July 10th. Finally, The Goldman Sachs Group downgraded shares of EPAM Systems from a "buy" rating to a "neutral" rating and dropped their price target for the company from $215.00 to $110.00 in a report on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, EPAM Systems has a consensus rating of "Hold" and a consensus price target of $125.87.

EPAM Systems Trading Up 5.4%

Shares of EPAM Systems stock traded up $5.06 on Friday, hitting $98.13. 701,557 shares of the company's stock traded hands, compared to its average volume of 1,595,306. The company has a fifty day moving average of $91.22 and a two-hundred day moving average of $124.01. EPAM Systems has a one year low of $73.06 and a one year high of $222.53. The company has a market capitalization of $5.13 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 1.04 and a beta of 1.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its earnings results on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $0.22. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.41 billion. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. EPAM Systems's revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.77 earnings per share. 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 expect that EPAM Systems will post 10.4 earnings per share for the current year.

Institutional Trading of EPAM Systems

Hedge funds have recently modified their holdings of the company. Sunbelt Securities Inc. raised its stake in EPAM Systems by 4,233.3% during 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. CYBER HORNET ETFs LLC purchased a new stake in shares of EPAM Systems during the 2nd quarter valued at about $27,000. MUFG Securities EMEA plc purchased a new position in EPAM Systems in the second quarter worth about $30,000. Sound Income Strategies LLC grew its position 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 worth $31,000 after acquiring an additional 109 shares in the last quarter. Finally, 1248 Management LLC purchased a new stake in EPAM Systems during the fourth quarter valued at approximately $32,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting EPAM Systems

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

• Positive Sentiment: Q2 earnings exceeded expectations. EPAM reported non-GAAP diluted EPS of $3.38, up 22% year over year and above the roughly $3.14-$3.16 consensus. Revenue rose 4.5% to $1.415 billion, broadly matching estimates. EPAM Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Margins and profitability improved. GAAP operating margin expanded to 10.8% from 9.3%, while non-GAAP operating margin increased to 16.4% from 15.0%. Management also guided third-quarter EPS to $3.38-$3.46, above the $3.33 analyst consensus. EPAM Reports Results for Second Quarter 2026
• Positive Sentiment: Capital returns support the stock. EPAM repurchased $85 million of shares during Q2 and $409 million year to date, potentially supporting per-share results and signaling confidence in the company’s balance sheet.
• Positive Sentiment: Some analysts still see substantial upside. Susquehanna maintained a positive rating despite reducing its target to $146 from $167, while Needham kept a buy rating and lowered its target to $120 from $135. Analyst price-target updates
• Neutral Sentiment: Analyst opinion is mixed. Truist cut its target to $110 from $112 and retained a hold rating. Morgan Stanley also reportedly lowered its target to $100, while William Blair downgraded EPAM from outperform to market perform.
• Negative Sentiment: Full-year revenue guidance was reduced. EPAM now expects 2026 revenue growth of 3.2%-4.2%, or 2.0%-3.0% on an organic constant-currency basis, reflecting weaker demand for software services. The revenue outlook of $5.6-$5.7 billion is approximately in line with or slightly below consensus, limiting the benefit of the earnings beat. EPAM cuts annual revenue forecast

About EPAM Systems

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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