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9 stories mentioning EPAM

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Wire

EPAM Systems' Weak Demand, AI Risks Limit Upside Potential, Wedbush Says

EPAM Systems (EPAM) faces a mixed outlook as weak North American demand, slower organic growth, AI-related pressure, contract changes and uncertain deal timing could limit near-term upside, Wedbush said in a note Monday.The investment firm said EPAM's 3.7% organic constant-currency growth in Q1 showed that its AI story has not yet translated into stronger underlying growth as North America remains a key concern because clients are delaying discretionary spending, while larger rivals have stronger US sales reach.EPAM's target of $600 million in AI-native revenue for fiscal 2026 requires continued growth through the rest of the year and about 10 large vendor-consolidation deals could add upside, but the timing is uncertain and they are not included in fiscal 2026 guidance, according to the note.Wedbush initiated coverage of EPAM with a neutral rating and a $99 price target, saying the company has strong software engineering experience but does not yet stand apart enough from rivals in AI and it would need to see stronger organic growth, better North American demand and clearer margin progress before taking a more positive view.Price: $93.62, Change: $-1.76, Percent Change: -1.85%

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Research

Jefferies Downgrades EPAM Systems to Hold From Buy, Adjusts Price Target to $110 From $130

EPAM Systems (EPAM) has an average rating of overweight and mean price target of $147.38, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Research

Research Alert: CFRA Maintains Strong Buy Rating On Shares Of Epam Systems, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We cut our target from $231 to $184, 14x our 2026 EPS view, below EPAM's three-year average (19x) on AI competition risk. We raise our 2026 EPS view by $0.31 to $13.13 and 2027's by $0.23 to $14.53. Profitability continues to improve, supported by operational discipline and improved pricing in certain cases, which helps provide support to our view that EPAM is favorably positioned for more AI-focused projects. To this point, EPAM's AI revenues continue to grow solidly, up 19% Q/Q to $125M in Q1 for the fifth-straight double-digit sequential increase. Despite more bearish fears that the company's revenue deceleration (with its 2026 organic CC guide coming down to ~5.25% from ~6% prior), we see clear negative impacts from macro factors (i.e., the war in Iran) that should prove temporary, allowing for multiple expansion once these factors fade and AI deal momentum becomes more clear. Still, our lower target reflects heightened risks of perceived AI competition as impressive new AI models continue to roll out.

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Wire

EPAM Systems to Face Weaker Discretionary Spending Environment, Morgan Stanley Says

EPAM Systems (EPAM) is likely to face weaker discretionary spending by clients, especially in Q2, amid ongoing macro uncertainty, Morgan Stanley said in a Friday note.The company's guided for Q2 non-GAAP earnings of $3.10 to $3.18 per diluted share on revenue of $1.40 billion to $1.415 billion. Analysts surveyed by FactSet are looking for non-GAAP earnings of $3.10 on revenue of $1.42 billion."Discretionary continues to be more pressured than mission-critical managed services work provided by other IT Services peers," Morgan Stanley said, noting similar findings from its 1Q26 CIO Survey. This is expected to drag clients' decision-making, delaying deals for the company, the investment firm added.Deal delays have already started for EPAM Systems in April/May, leading the company to cut its 2026 revenue growth guidance to between 4% and 6.5%, from 4.5% to 7.5% previously, according to Morgan Stanley. The company also has low visibility into win rates, deal close timing, and ramp pace, the firm said.Morgan Stanley cut its price target on EPAM Systems to $112 from $148, with an equal-weight rating.Price: $99.95, Change: $-4.29, Percent Change: -4.12%

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Research

Goldman Sachs Downgrades EPAM Systems to Neutral From Buy, Adjusts Price Target to $110 From $215

EPAM Systems (EPAM) has an average rating of overweight and mean price target of $157.69, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Wire

Wells Fargo Adjusts Price Target on EPAM Systems to $151 From $195

EPAM Systems (EPAM) has an average rating of overweight and mean price target of $178.06, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $104.10, Change: $-2.87, Percent Change: -2.68%

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Wire

Needham Adjusts Price Target on EPAM Systems to $135 From $175

EPAM Systems (EPAM) has an average rating of overweight and mean price target of $183.31, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $99.68, Change: $-7.30, Percent Change: -6.82%

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Research

Research Alert: Epam Modestly Lowers Fy 26 Revenue Forecast, Offset By Improved Eps View

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:EPAM reported Q1 sales of $1.400B (+8% Y/Y), beating consensus ($1.394B), with organic growth of 3.7% decelerating from 5.6% in Q4 and 7.1% in Q3 but up from 1.4% growth in Q1 2025. Growth was led by Financial Services (+12%) and Software & Hi-Tech (+11%), with Business Information & Media (-0.7%) underperforming. Non-GAAP EPS of $2.86 (+19%) beat expectations ($2.75), with help from operating margin expanding 80 bps Y/Y (to 14.3%) and $324M of share repurchases. Management disappointingly lowered 2026 revenue guidance to a midpoint of 5.25% from a prior view of 6.0% (organic CC 3.75% vs. prior 4.5%) but raised EPS guidance to a midpoint of $13.13 from $12.59 as profitability improves and share count declines. While the lower sales view may fuel bears' AI competition fears, we suspect the downtick relates more to rising macro uncertainty, and we are encouraged by continued efficiency gains. Fixed-price contracts continue rising (21.7% of sales, +260 bps Y/Y), creating opportunities for margin outperformance.

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Wire

EPAM Systems, Anthropic Partner on Enterprise AI Adoption

EPAM Systems (EPAM) said Wednesday it is collaborating with Amazon-backed (AMZN) Anthropic to help enterprises accelerate adoption of artificial intelligence technologies, including workflow automation, legacy system modernization and large-scale data analysis.Financial details weren't disclosed.The collaboration will combine EPAM's engineering capabilities with Anthropic's Claude models, Claude Code and Claude Agent SDK to deliver enterprise-grade AI solutions focused on operational efficiency and reliability, the company said.Price: $108.39, Change: $-1.26, Percent Change: -1.14%

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