Susquehanna Issues Pessimistic Forecast for EPAM Systems (NYSE:EPAM) Stock Price

EPAM Systems (NYSE:EPAM) had its target price cut by analysts at Susquehanna from $167.00 to $146.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “positive” rating on the information technology services provider’s stock. Susquehanna’s target price suggests a potential upside of 56.95% from the company’s current price.

Several other research analysts also recently issued reports on EPAM. Morgan Stanley lowered their price objective on EPAM Systems from $112.00 to $100.00 and set an “equal weight” rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $85.00 target price on shares of EPAM Systems in a research report on Friday, July 10th. Jefferies Financial Group cut shares of EPAM Systems from a “buy” rating to a “hold” rating and decreased their price target for the company from $130.00 to $110.00 in a research report on Friday, May 29th. Stifel Nicolaus set a $135.00 price target on shares of EPAM Systems in a research note on Thursday. Finally, Needham & Company LLC cut their price target on shares of EPAM Systems from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday. Seven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, EPAM Systems presently has an average rating of “Hold” and an average target price of $130.40.

EPAM Systems Stock Down 15.3%

Shares of EPAM opened at $93.02 on Friday. EPAM Systems has a 52 week low of $73.06 and a 52 week high of $222.53. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 1.04 and a beta of 1.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.67. The stock has a fifty day moving average of $91.22 and a 200-day moving average of $124.01.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share for the quarter, topping analysts’ consensus estimates of $3.16 by $0.22. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the company posted $2.77 EPS. EPAM Systems’s quarterly revenue was up 4.6% compared to the same quarter last year. 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 anticipate that EPAM Systems will post 10.4 earnings per share for the current fiscal year.

Institutional Trading of EPAM Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EPAM. Sunbelt Securities Inc. raised its holdings in EPAM Systems by 4,233.3% during the 4th quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 127 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of EPAM Systems during the second quarter worth $27,000. MUFG Securities EMEA plc acquired a new stake in shares of EPAM Systems during the second quarter worth $30,000. Sound Income Strategies LLC raised its stake in EPAM Systems by 279.5% during the fourth quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock worth $31,000 after buying an additional 109 shares during the last quarter. Finally, 1248 Management LLC bought a new position in EPAM Systems during the fourth quarter worth $32,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

More EPAM Systems News

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

• Positive Sentiment: EPAM reported second-quarter revenue of $1.415 billion, up 4.5% year over year, while non-GAAP diluted EPS rose 22% to $3.38 and exceeded consensus estimates. Operating margins also improved, and the company repurchased $85 million of stock during the quarter, bringing year-to-date buybacks to $409 million. EPAM Reports Results for Second Quarter 2026
• Positive Sentiment: EPAM’s adjusted full-year EPS outlook of $13.08 to $13.24 is above the roughly $12.53 analyst consensus, and third-quarter EPS guidance of $3.38 to $3.46 also exceeds estimates. EPAM Q2 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: Needham lowered its price target to $120 from $135 but retained a Buy rating, implying substantial potential upside from the stock’s approximately $93 level. Morgan Stanley also reduced its target, to $100, signaling more cautious valuation expectations.
• Negative Sentiment: EPAM cut its full-year revenue-growth forecast to 3.2%–4.2%, with organic constant-currency growth of only 2.0%–3.0%. Full-year revenue guidance of $5.6 billion to $5.7 billion is at or below the $5.7 billion consensus, highlighting weaker software-services demand. EPAM cuts annual revenue forecast on weak software services demand
• Negative Sentiment: William Blair downgraded EPAM from Outperform to Market Perform. The downgrade, combined with the revenue forecast reduction, suggests analysts are concerned that near-term demand weakness may outweigh the company’s earnings and margin performance.

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.