Why the Narrative Around EPAM Systems Is Shifting After Recent Analyst and Company Updates

EPAM Systems has recently seen its fair value price target decrease from $206.80 to $202.06, marking a moderate downward adjustment in analyst expectations. At the same time, the modest rise in the discount rate indicates analysts are slightly more cautious in their risk assessment of the stock. Stay tuned to discover how you can follow the evolving outlook for EPAM Systems as new information shapes investor sentiment.

Analyst Price Targets don't always capture the full story. Head over to our Company Report to find new ways to value EPAM Systems.

What Wall Street Has Been Saying

Recent analyst commentary on EPAM Systems paints a nuanced picture, with varied perspectives on the company’s valuation, execution, and future growth. Below, we highlight both bullish and bearish takeaways from the latest coverage.

🐂 Bullish Takeaways

Wells Fargo initiated coverage with an Overweight rating and a $185 price target, suggesting confidence in EPAM’s potential to outperform near-term estimates despite sector headwinds. Analyst Jason Kupferberg at Wells Fargo notes that EPAM is positioned to benefit as IT Services undergoes a transition phase, particularly due to trends related to artificial intelligence. TD Cowen upgraded EPAM Systems to Buy from Hold, raising its price target to $205 from $192. The firm’s analysts highlight EPAM's reorganization progress, rising organic growth, and improved capital allocation as positive catalysts. TD Cowen sees the current share price as reflecting little credit for the company’s growth recovery. They believe this creates a favorable risk/reward balance for investors seeking upside exposure.

🐻 Bearish Takeaways

Citi initiated coverage with a Neutral rating and a $170 price target, emphasizing concerns about low visibility into EPAM Systems’ recovery trajectory. Bullish and neutral analysts alike raise reservations about sector challenges. Wells Fargo mentions structural risks and lingering investor caution related to technology transitions and AI disruption.

Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!NYSE:EPAM Community Fair Values as at Oct 2025

What's in the News

EPAM Systems has launched the AI/Run Transform Playbook, a next-generation consulting service designed to help enterprises accelerate their transition to AI-native operations. The Board of Directors has authorized a share repurchase program of up to $1 billion over the next 24 months. This move demonstrates management's confidence in the company's outlook and financial position. EPAM Systems expanded its collaboration with Oracle, utilizing more than 1,100 global Oracle certifications to help clients integrate Oracle Cloud Infrastructure and AI services. For 2025, EPAM Systems issued financial guidance projecting year-over-year revenue growth of 13% to 15% and GAAP diluted EPS between $6.48 and $6.64.

Story Continues

How This Changes the Fair Value For EPAM Systems

Fair Value Price Target decreased from $206.80 to $202.06, reflecting a moderate downward revision in expectations. Discount Rate has risen slightly from 8.84% to 8.90%. This indicates a marginal increase in perceived risk or required return. Revenue Growth estimate declined from 8.82% to 8.05%. This suggests more conservative top-line projections. Net Profit Margin forecast edged down from 8.88% to 8.66%. This points to minor adjustments in profitability outlook. Future P/E ratio increased from 23.88x to 24.51x. This indicates a modest rise in valuation relative to expected earnings.

🔔 Never Miss an Update: Follow The Narrative

On Simply Wall St, a Narrative is a living story that connects a company's business outlook with actual financial forecasts and an up-to-date fair value. Narratives combine your perspective with key numbers such as future revenue, earnings, and margins. This helps you make smarter and more timely investment decisions. They are easy to follow and instantly update as new news or results become available, all from the Community page trusted by millions of investors. You can compare fair value to price and know exactly when to act.

Read the original narrative for EPAM Systems to stay ahead of the story on:

How EPAM’s growing AI expertise and proprietary platforms are winning larger and higher-value client projects. Why global diversification and operational efficiencies are supporting more resilient and sustainable growth and margins. What risks could threaten margins and revenue, including rising automation, competition, and geopolitical uncertainty.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include EPAM.

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