Citigroup Has Lowered Expectations for EPAM Systems (NYSE:EPAM) Stock Price

EPAM Systems (NYSE:EPAM) had its price objective cut by equities researchers at Citigroup from $155.00 to $145.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the information technology services provider’s stock. Citigroup’s price objective would suggest a potential upside of 18.42% from the stock’s previous close.

A number of other research analysts also recently weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of EPAM Systems in a research report on Monday, December 29th. Wall Street Zen downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Wells Fargo & Company dropped their price objective on shares of EPAM Systems from $247.00 to $195.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. The Goldman Sachs Group dropped their price objective on shares of EPAM Systems from $250.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $175.00 price objective on shares of EPAM Systems in a research note on Monday, March 16th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, EPAM Systems has a consensus rating of “Moderate Buy” and an average target price of $193.56.

EPAM Systems Trading Down 1.1%

NYSE EPAM opened at $122.44 on Thursday. The company has a market capitalization of $6.42 billion, a PE ratio of 18.19, a P/E/G ratio of 1.20 and a beta of 1.73. The company has a fifty day moving average of $147.46 and a 200 day moving average of $172.16. EPAM Systems has a 1 year low of $121.83 and a 1 year high of $222.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.59 and a quick ratio of 2.59.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, February 19th. The information technology services provider reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $3.16 by $0.10. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. EPAM Systems had a net margin of 6.92% and a return on equity of 13.57%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.84 earnings per share. EPAM Systems has set its FY 2026 guidance at 12.600-12.900 EPS and its Q1 2026 guidance at 2.700-2.780 EPS. Research analysts forecast that EPAM Systems will post 8.9 earnings per share for the current year.

Institutional Investors Weigh In On EPAM Systems

A number of hedge funds have recently added to or reduced their stakes in EPAM. Manning & Napier Advisors LLC acquired a new stake in EPAM Systems during the 3rd quarter worth approximately $25,000. Sunbelt Securities Inc. raised its holdings in shares of EPAM Systems by 4,233.3% in the 4th 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 acquired a new stake in shares of EPAM Systems in the 2nd quarter valued at $27,000. True Wealth Design LLC raised its holdings in shares of EPAM Systems by 1,870.0% in the 3rd quarter. True Wealth Design LLC now owns 197 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 187 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in EPAM Systems during the 2nd quarter worth $30,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems News Summary

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

• Positive Sentiment: EPAM raised FY‑2026 EPS guidance to $12.600–$12.900 versus consensus $11.660 — a meaningful beat that implies stronger full‑year profitability than investors expected. This is a primary near‑term positive catalyst for the stock.
• Positive Sentiment: Q1‑2026 EPS guidance set at $2.700–$2.780 versus consensus $2.470, and revenue guided roughly to $1.4B — another quarter guidance beat that supports near‑term revenue/earnings momentum.
• Positive Sentiment: EPAM was ranked the top IT services provider in the Nordics in a recent study — a credibility/market‑share signal that can support longer‑term demand expectations. EPAM ranked top IT services provider in Nordics study
• Neutral Sentiment: Analyst and media coverage: Zacks highlights EPAM as a top‑ranked growth stock (coverage/interest may attract buyers but doesn’t change fundamentals). Epam (EPAM) is a Top-Ranked Growth Stock: Should You Buy?
• Neutral Sentiment: Third‑party comparative and sector analyses (e.g., EXLS vs EPAM, and pieces on shifting sector sentiment) keep EPAM in investor screens but are informational rather than immediate price drivers. EXLService and EPAM Financial Analysis EPAM Systems in focus amid shifting sector sentiment
• Negative Sentiment: Citigroup cut its price target from $155 to $145 and kept a “neutral” rating — a downgrade in target that can exert downward pressure on the stock despite the upside still implied vs current levels. Citigroup lowers EPAM price target

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.