Wells Fargo & Company Forecasts Strong Price Appreciation for EPAM Systems (NYSE:EPAM) Stock

Posted by Brenda Bartman on Nov 6th, 2026

EPAM Systems (NYSE:EPAM – Get Free Report) had its target price hoisted by stock analysts at Wells Fargo & Company from $156.00 to $176.00 in a report released on Friday, Benzinga reports. The firm presently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 12.11% from the company’s current price.

A number of other equities research analysts have also recently commented on EPAM. Morgan Stanley lifted their price target on shares of EPAM Systems from $97.00 to $140.00 and gave the stock an “equal weight” rating in a report on Wednesday. Needham & Company LLC increased their price objective on EPAM Systems from $120.00 to $200.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. downgraded EPAM Systems from an “overweight” rating to a “neutral” rating and set a $120.00 target price for the company. in a research report on Wednesday, August 26th. Stifel Nicolaus set a $135.00 target price on EPAM Systems in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded EPAM Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Six analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, EPAM Systems presently has an average rating of “Hold” and an average price target of $137.00.

View Our Latest Stock Report on EPAM Systems

EPAM Systems Stock Performance

NYSE EPAM traded down $8.71 during trading hours on Friday, reaching $156.99. 639,707 shares of the company were exchanged, compared to its average volume of 1,469,909. The stock has a market capitalization of $8.10 billion, a P/E ratio of 21.26, a P/E/G ratio of 1.43 and a beta of 1.28. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.01. EPAM Systems has a 1 year low of $73.06 and a 1 year high of $222.53. The business’s 50 day simple moving average is $120.95 and its 200-day simple moving average is $121.64.

EPAM Systems (NYSE:EPAM – Get Free Report) last released its earnings results on Thursday, November 5th. The information technology services provider reported $3.51 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.10. EPAM Systems had a net margin of 7.15% and a return on equity of 15.84%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the company earned $3.08 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities research analysts expect that EPAM Systems will post 10.47 earnings per share for the current year.

Hedge Funds Weigh In On EPAM Systems

Large investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of EPAM Systems in the second quarter valued at approximately $526,684,000. Bank of America Corp DE bought a new position in EPAM Systems in the 2nd quarter worth approximately $52,531,000. Bank of New York Mellon Corp bought a new position in EPAM Systems in the 2nd quarter worth approximately $24,729,000. Assenagon Asset Management S.A. boosted its holdings in EPAM Systems by 1,560.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 292,542 shares of the information technology services provider’s stock worth $23,213,000 after buying an additional 274,923 shares during the period. Finally, Freestone Grove Partners LP purchased a new position in EPAM Systems in the 2nd quarter valued at approximately $18,816,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems News Summary

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

Positive Sentiment: Q3 results beat expectations. EPAM reported non-GAAP EPS of $3.51 versus the $3.41 consensus and revenue of $1.426 billion versus estimates of about $1.42 billion. Revenue grew 2.3% year over year, while operating margins improved. EPAM Q3 2026 results
Positive Sentiment: Shareholder returns are a major focus. EPAM plans to return at least 50% of free cash flow to shareholders annually from 2027 through 2029. It also increased its remaining repurchase authorization to $1.8 billion and plans a $500 million accelerated share repurchase. EPAM shareholder return plan
Positive Sentiment: Analysts lifted price targets. Susquehanna raised its target to $190 and assigned a positive rating; Needham raised its target to $200 and maintained a buy rating. These revisions signal increased optimism about EPAM’s outlook.
Positive Sentiment: AI ambitions and outlook offer further support. EPAM raised its 2026 AI-native revenue target to $650 million and updated full-year guidance to revenue growth of 3.5%–3.7% and non-GAAP EPS of $13.23–$13.31.

About EPAM Systems

(Get Free Report)

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.