Wells Fargo & Company Issues Positive Forecast for EPAM Systems (NYSE:EPAM) Stock Price

EPAM Systems (NYSE:EPAM) had its price objective lifted by investment analysts at Wells Fargo & Company from $125.00 to $156.00 in a report issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 12.81% from the stock’s previous close.

Several other research firms also recently issued reports on EPAM. Mizuho set a $130.00 price target on shares of EPAM Systems in a research report on Monday, August 10th. Susquehanna lowered their price objective on shares of EPAM Systems from $167.00 to $146.00 and set a “positive” rating on the stock in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $85.00 price objective on shares of EPAM Systems in a report on Friday, July 10th. Citigroup reaffirmed a “neutral” rating on shares of EPAM Systems in a research note on Monday. Finally, TD Cowen reduced their price objective on shares of EPAM Systems from $131.00 to $120.00 and set a “buy” rating for the company in a report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $118.53.

EPAM Systems Stock Up 1.5%

EPAM stock traded up $2.03 during trading on Monday, reaching $138.28. 27,447 shares of the stock were exchanged, compared to its average volume of 1,463,612. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.01. EPAM Systems has a twelve month low of $73.06 and a twelve month high of $222.53. The firm’s 50 day moving average is $115.06 and its 200 day moving average is $105.31. The firm has a market cap of $7.13 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 1.42 and a beta of 1.39.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, August 6th. The information technology services provider reported $3.38 EPS for the quarter, beating the consensus estimate of $3.16 by $0.22. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.41 billion. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $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, research analysts forecast that EPAM Systems will post 10.47 EPS for the current year.

Hedge Funds Weigh In On EPAM Systems

Several hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. grew its position in shares of EPAM Systems by 4.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,144 shares of the information technology services provider’s stock worth $439,000 after buying an additional 82 shares in the last quarter. Financial Management Professionals Inc. increased its stake in shares of EPAM Systems by 47.3% during the third quarter. Financial Management Professionals Inc. now owns 268 shares of the information technology services provider’s stock worth $29,000 after buying an additional 86 shares during the period. Bradley Foster & Sargent Inc. CT raised its holdings in EPAM Systems by 4.7% in the first quarter. Bradley Foster & Sargent Inc. CT now owns 2,812 shares of the information technology services provider’s stock valued at $381,000 after acquiring an additional 126 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in EPAM Systems by 31.4% in the third quarter. Nisa Investment Advisors LLC now owns 708 shares of the information technology services provider’s stock valued at $77,000 after acquiring an additional 169 shares in the last quarter. Finally, Leonteq Securities AG lifted its stake in EPAM Systems by 37.2% in the first quarter. Leonteq Securities AG now owns 804 shares of the information technology services provider’s stock worth $109,000 after acquiring an additional 218 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

About EPAM Systems

EPAM Systems, Inc is a global digital engineering and technology services company that helps organizations design, develop and modernize software and digital platforms. Its services support digital transformation initiatives across industries, including financial services, healthcare, life sciences, retail, travel and consumer products.

The company provides software engineering, product development, consulting, cloud services, data and analytics, artificial intelligence, cybersecurity, quality assurance and platform engineering.