JPMorgan Chase & Co. Has Lowered Expectations for EPAM Systems (NYSE:EPAM) Stock Price

Key Points

• JPMorgan Chase & Co. has lowered its price target for EPAM Systems from $205 to $201, while maintaining an "overweight" rating, indicating a potential upside of 19.66% from the current stock price.
• Other analysts have provided mixed ratings, with TD Cowen upgrading EPAM from "hold" to "buy" with a price objective of $205 and Deutsche Bank initiating coverage with a "hold" rating and a lower target of $171.
• EPAM Systems reported strong quarterly earnings with $2.77 EPS, surpassing estimates, and a revenue of $1.35 billion, reflecting an 18% year-over-year increase.

EPAM Systems (NYSE:EPAM - Get Free Report) had its price objective dropped by research analysts at JPMorgan Chase & Co. from $205.00 to $201.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the information technology services provider's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 19.66% from the stock's current price.

A number of other equities research analysts have also recently weighed in on EPAM. TD Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price objective for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft started coverage on EPAM Systems in a research note on Thursday, July 17th. They issued a "hold" rating and a $171.00 price objective for the company. Scotiabank reduced their price objective on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 29th. Piper Sandler boosted their price objective on EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Finally, Wall Street Zen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $226.25.

EPAM Systems Stock Up 0.3%

Shares of EPAM Systems stock traded up $0.4410 on Wednesday, reaching $167.9710. 188,138 shares of the company were exchanged, compared to its average volume of 748,380. EPAM Systems has a 1-year low of $138.15 and a 1-year high of $269.00. The company has a market cap of $9.36 billion, a P/E ratio of 23.96, a price-to-earnings-growth ratio of 2.38 and a beta of 1.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17. The stock's 50 day moving average price is $167.62 and its 200-day moving average price is $179.81.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, topping analysts' consensus estimates of $2.61 by $0.16. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The business's revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.45 earnings per share. 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, equities analysts forecast that EPAM Systems will post 8.9 EPS for the current year.

Institutional Trading of EPAM Systems

Several large investors have recently bought and sold shares of EPAM. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of EPAM Systems by 2,500.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock valued at $30,000 after acquiring an additional 125 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of EPAM Systems during the second quarter valued at $27,000. Sound Income Strategies LLC acquired a new stake in shares of EPAM Systems during the second quarter valued at $29,000. MUFG Securities EMEA plc acquired a new stake in shares of EPAM Systems during the second quarter valued at $30,000. Finally, Sentry Investment Management LLC acquired a new stake in shares of EPAM Systems during the first quarter valued at $33,000. Institutional investors and hedge funds own 91.58% of the company's stock.

EPAM Systems Company Profile

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.

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