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EPAM Systems (EPAM) Stock Forecast, Price Target & Predictions

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EPAM Stock Forecast

EPAM Systems stock forecast is as follows: an average price target of $237.00 (represents a -4.54% downside from EPAM’s last price of $248.26) and a rating consensus of 'Buy', based on 19 wall street analysts offering a 1-year stock forecast.

EPAM Price Target

The average price target for EPAM Systems (EPAM) is $237.00 based on 1-year price targets from 19 Wall Street analysts in the past 3 months, with a price target range of $282.00 to $204.00. This represents a potential -4.54% downside from EPAM's last price of $248.26.

EPAM Analyst Ratings

Buy

According to 19 Wall Street analysts, EPAM Systems's rating consensus is 'Buy'. The analyst rating breakdown for EPAM stock is 0 'Strong Buy' (0.00%), 11 'Buy' (57.89%), 8 'Hold' (42.11%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

EPAM Systems Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 13, 2024Dan DolevMizuho Securities$282.00$193.2145.96%13.59%
Sep 24, 2024Arvind RamnaniPiper Sandler$225.00$198.6313.28%-9.37%
Sep 05, 2024Dan DolevMizuho Securities$245.00$203.5420.37%-1.31%
Aug 21, 2024Bryan KeaneDeutsche Bank$204.00$200.851.57%-17.83%
Jul 16, 2024Surinder ThindJefferies$237.00$209.3513.21%-4.54%
Jun 13, 2024Arvind RamnaniPiper Sandler$230.00$180.0527.74%-7.36%
May 14, 2024Sean KennedyMizuho Securities$258.00$190.7235.28%3.92%
May 10, 2024Mayank TandonNeedham$210.00$182.0415.36%-15.41%
May 10, 2024Surinder ThindJefferies$202.00$181.3711.37%-18.63%
May 10, 2024Sector PerformScotiabank$245.00$181.9334.67%-1.31%
May 09, 2024Moshe KatriWedbush$230.00$181.9326.42%-7.36%
Apr 26, 2024Ramsey El-AssalBarclays$265.00$237.1311.75%6.74%
Apr 26, 2024James FaucetteMorgan Stanley$225.00$237.13-5.12%-9.37%
Mar 18, 2024Jonathan LeeGuggenheim$350.00$292.7019.58%40.98%
Jan 08, 2024Phani KanumuriHSBC$350.00$297.4417.67%40.98%
Jun 09, 2023James E FriedmanSusquehanna$300.00$211.3341.96%20.84%
Jun 05, 2023Mayank TandonNeedham$275.00$206.7733.00%10.77%
Sep 24, 2022James Friedman FriedmanSusquehanna$475.00$364.1230.45%91.33%
Aug 04, 2022David GrossmanStifel Nicolaus$500.00$403.7123.85%101.40%
Jun 11, 2022Moshe KatriWedbush$400.00$303.4931.80%61.12%
Jun 08, 2022Arvind RamnaniPiper Sandler$403.00$331.1321.70%62.33%
May 16, 2022James FriedmanSusquehanna$370.00$319.2515.90%49.04%
May 09, 2022Ramsey El-AssalBarclays$410.00$347.0018.16%65.15%
May 06, 2022David GrossmanStifel Nicolaus$411.00$343.5219.64%65.55%
May 06, 2022James FaucetteMorgan Stanley$465.00$347.0034.01%87.30%
May 02, 2022Arvind RamnaniPiper Sandler$348.00$264.9931.33%40.18%
Apr 13, 2022Darrin PellerWolfe Research$390.00$307.9926.63%57.09%
Apr 10, 2022James FaucetteMorgan Stanley$450.00$308.6945.78%81.26%
Apr 03, 2022Arvind RamnaniPiper Sandler$359.00$287.0425.07%44.61%
Mar 11, 2022Mayank TandonNeedham$285.00$200.1442.40%14.80%
Mar 04, 2022Bryan BerginCowen & Co.$355.00$198.5278.82%43.00%
Mar 02, 2022David GrossmanStifel Nicolaus$385.00$245.1757.03%55.08%
Feb 18, 2022Darrin PellerWolfe Research$550.00$443.2324.09%121.54%
Feb 18, 2022James FriedmanSusquehanna$490.00$443.2310.55%97.37%
Nov 23, 2021Vladimir BespalovVTB Capital$750.00$602.9424.39%202.10%
May 06, 2021Timothy WilliWells Fargo$510.00$458.3811.26%105.43%

The latest EPAM Systems stock forecast, released on Nov 13, 2024 by Dan Dolev from Mizuho Securities, set a price target of $282.00, which represents a 45.96% increase from the stock price at the time of the forecast ($193.21), and a 13.59% increase from EPAM last price ($248.26).

EPAM Systems Price Target by Period

1M3M12M
# Anlaysts-215
Avg Price Target-$253.50$250.53
Last Closing Price$248.26$248.26$248.26
Upside/Downside-100.00%2.11%0.91%

In the current month, the average price target of EPAM Systems stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to EPAM Systems's last price of $248.26. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 17, 2024BarclaysEqual-WeightOverweightUpgrade
Nov 11, 2024ScotiabankUnderperformOutperformUpgrade
Oct 23, 2024Piper SandlerOverweightOverweightHold
Oct 08, 2024SusquehannaBuyBuyHold
Oct 08, 2024Sandler O'NeillUnderperformUnderperformHold
Sep 24, 2024Piper SandlerOverweightOverweightHold
Sep 09, 2024JefferiesBuyBuyHold
Sep 04, 2024SusquehannaBuyBuyHold
Sep 04, 2024Sandler O'NeillUnderperformUnderperformHold
Aug 21, 2024Deutsche BankBuyHoldInitialise
Aug 08, 2024Itau BBAMarket PerformUpgrade
Jul 23, 2024BarclaysEqual-WeightEqual-WeightHold
Jul 16, 2024JefferiesHoldBuyUpgrade
Jun 24, 2024Goldman SachsNeutralInitialise
Jun 13, 2024Evercore ISIOutperformOutperformHold
Jun 13, 2024Telsey AdvisoryMarket PerformMarket PerformHold
Jun 13, 2024Morgan StanleyNeutralNeutralHold
Jun 13, 2024Deutsche BankBuyBuyHold
Jun 13, 2024OppenheimerOutperformOutperformHold
Jun 13, 2024StephensOverweightUpgrade
Jun 13, 2024ScotiabankUnderperformUnderperformHold
Jun 13, 2024WedbushSector PerformSector PerformHold
Jun 13, 2024Piper SandlerOverweightOverweightHold
May 17, 2024Wolfe ResearchOutperformPeer PerformDowngrade
May 10, 2024WedbushSector PerformSector PerformHold
May 10, 2024SusquehannaUnderperformUnderperformHold
May 10, 2024Cowen & Co.HoldHoldHold
May 10, 2024NeedhamBuyBuyHold
May 10, 2024JefferiesHoldHoldHold
May 10, 2024ScotiabankSector OutperformSector PerformDowngrade
May 09, 2024WedbushOutperformOutperformHold
Apr 26, 2024BarclaysEqual-WeightEqual-WeightHold
Mar 04, 2024SusquehannaUnderperformUnderperformHold
Mar 04, 2024WedbushBuyBuyHold
Feb 16, 2024ScotiabankSector OutperformUpgrade
Feb 15, 2024NeedhamBuyBuyHold
Feb 15, 2024Piper SandlerOverweightOverweightHold
Jan 08, 2024HSBCBuyUpgrade
Jun 12, 2023KeyBancSector WeightDowngrade
Jun 09, 2023SusquehannaPositivePositiveHold
Jun 08, 2023Morgan StanleyEqual-WeightEqual-WeightHold
Jun 05, 2023NeedhamBuyBuyHold
Feb 17, 2023Piper SandlerOverweightOverweightHold
Feb 17, 2023NeedhamBuyBuyHold
Aug 24, 2022Cowen & Co.OutperformOutperformHold
Aug 12, 2022Morgan StanleyOverweightOverweightHold
Jun 11, 2022WedbushOutperformOutperformHold
May 16, 2022SusquehannaPositiveUpgrade
May 02, 2022Piper SandlerNeutralOverweightUpgrade
Apr 24, 2022CitigroupBuyBuyHold
Apr 13, 2022Wolfe ResearchOutperformUpgrade
Apr 10, 2022Morgan StanleyOverweightOverweightHold
Apr 03, 2022Piper SandlerNeutralNeutralHold
Mar 11, 2022NeedhamBuyBuyHold
Feb 28, 2022Piper SandlerOverweightNeutralDowngrade
Feb 18, 2022NeedhamBuyBuyHold
Feb 17, 2022Piper SandlerOverweightOverweightHold

EPAM Systems's last stock rating was published by Barclays on Dec 17, 2024. The company Upgrade its EPAM rating from "Equal-Weight" to "Overweight".

EPAM Systems Financial Forecast

EPAM Systems Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$1.16B$1.15B$1.17B$1.21B$1.23B$1.23B$1.19B$1.17B$1.11B$988.54M$881.37M$780.77M$723.49M$652.24M$632.38M$651.36M$632.77M$588.10M
Avg Forecast$1.47B$1.42B$1.37B$1.37B$1.34B$1.32B$1.28B$1.26B$1.21B$1.15B$1.14B$1.16B$1.14B$1.15B$1.16B$1.21B$1.23B$1.20B$1.14B$1.06B$1.08B$964.61M$859.85M$764.57M$703.49M$641.55M$596.69M$647.54M$618.11M$579.72M
High Forecast$1.54B$1.49B$1.44B$1.43B$1.40B$1.38B$1.34B$1.35B$1.27B$1.15B$1.14B$1.16B$1.19B$1.16B$1.21B$1.26B$1.29B$1.20B$1.14B$1.06B$1.08B$964.61M$859.85M$764.57M$703.49M$641.55M$596.69M$647.54M$618.11M$579.72M
Low Forecast$1.42B$1.38B$1.33B$1.32B$1.29B$1.27B$1.24B$1.20B$1.17B$1.15B$1.14B$1.16B$1.10B$1.11B$1.12B$1.17B$1.19B$1.20B$1.14B$1.06B$1.08B$964.61M$859.85M$764.57M$703.49M$641.55M$596.69M$647.54M$618.11M$579.72M
# Analysts6446437911551071159544755107599988
Surprise %------------1.02%1.01%1.01%1.00%1.00%1.03%1.05%1.11%1.02%1.02%1.03%1.02%1.03%1.02%1.06%1.01%1.02%1.01%

EPAM Systems's average Quarter revenue forecast for Mar 24 based on 10 analysts is $1.16B, with a low forecast of $1.16B, and a high forecast of $1.16B. EPAM's average Quarter revenue forecast represents a 0.34% increase compared to the company's last Quarter revenue of $1.16B (Dec 23).

EPAM Systems EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts6446437911551071159544755107599988
EBITDA------------$150.56M$154.94M$172.81M$147.76M$167.32M$195.41M$201.95M$176.29M$202.96M$177.42M$159.44M$148.41M$136.75M$136.53M$108.32M$128.18M$113.42M$105.57M
Avg Forecast$241.51M$234.20M$225.91M$224.40M$219.79M$216.18M$210.02M$207.19M$198.99M$189.35M$187.42M$219.11M$187.04M$188.23M$190.78M$173.21M$181.99M$186.36M$38.70M$164.42M$169.00M$150.29M$133.97M$136.92M$109.61M$99.96M$92.97M$125.43M$96.30M$90.32M
High Forecast$252.75M$245.10M$236.42M$234.84M$230.01M$226.24M$219.79M$222.11M$208.24M$189.44M$187.42M$262.93M$195.75M$189.88M$199.66M$207.85M$218.39M$186.36M$46.44M$164.42M$169.00M$150.29M$133.97M$164.31M$109.61M$99.96M$92.97M$150.51M$96.30M$90.32M
Low Forecast$233.49M$226.41M$218.40M$216.94M$212.48M$208.99M$203.04M$197.25M$192.37M$189.26M$187.42M$175.29M$180.83M$181.97M$184.44M$138.57M$145.59M$186.36M$30.96M$164.42M$169.00M$150.29M$133.97M$109.54M$109.61M$99.96M$92.97M$100.34M$96.30M$90.32M
Surprise %------------0.80%0.82%0.91%0.85%0.92%1.05%5.22%1.07%1.20%1.18%1.19%1.08%1.25%1.37%1.17%1.02%1.18%1.17%

10 analysts predict EPAM's average Quarter EBITDA for Mar 24 to be $219.11M, with a high of $262.93M and a low of $175.29M. This is 45.53% upper than EPAM Systems's previous annual EBITDA (Dec 23) of $150.56M.

EPAM Systems Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts6446437911551071159544755107599988
Net Income------------$97.55M$97.20M$120.03M$102.29M$155.04M$156.05M$18.60M$89.72M$142.28M$115.66M$114.67M$109.05M$85.54M$89.43M$66.62M$85.56M$74.52M$67.00M
Avg Forecast$191.16M$192.41M$173.79M$165.73M$171.77M$171.45M$156.38M$148.74M$157.86M$155.02M$129.72M$161.00M$144.38M$147.03M$134.25M$127.27M$127.58M$146.87M$11.47M$102.23M$146.07M$129.10M$112.62M$100.61M$99.72M$85.49M$69.82M$83.73M$83.91M$77.64M
High Forecast$202.72M$204.04M$184.30M$175.76M$182.16M$181.83M$165.84M$160.95M$159.59M$155.40M$129.72M$193.19M$153.12M$152.22M$142.37M$152.72M$153.09M$146.87M$13.76M$102.23M$146.07M$129.10M$112.62M$120.73M$99.72M$85.49M$69.82M$100.48M$83.91M$77.64M
Low Forecast$182.90M$184.09M$166.28M$158.57M$164.35M$164.05M$149.62M$134.22M$155.57M$154.63M$129.72M$128.80M$138.15M$145.31M$128.45M$101.82M$102.06M$146.87M$9.17M$102.23M$146.07M$129.10M$112.62M$80.49M$99.72M$85.49M$69.82M$66.99M$83.91M$77.64M
Surprise %------------0.68%0.66%0.89%0.80%1.22%1.06%1.62%0.88%0.97%0.90%1.02%1.08%0.86%1.05%0.95%1.02%0.89%0.86%

EPAM Systems's average Quarter net income forecast for Mar 24 is $161.00M, with a range of $128.80M to $193.19M. EPAM's average Quarter net income forecast represents a 65.03% increase compared to the company's last Quarter net income of $97.55M (Dec 23).

EPAM Systems SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts6446437911551071159544755107599988
SG&A------------$213.97M$194.83M$194.38M$211.89M$204.95M$198.02M$232.53M$237.28M$190.94M$169.50M$151.91M$136.39M$145.71M$132.46M$129.42M$140.05M$137.96M$130.01M
Avg Forecast$267.08M$258.99M$249.83M$248.16M$243.06M$239.07M$232.26M$229.13M$220.05M$209.39M$207.27M$201.36M$206.85M$208.16M$210.98M$159.18M$171.21M$217.45M$143.30M$191.85M$197.20M$175.36M$156.32M$125.84M$127.89M$116.63M$108.48M$137.05M$112.37M$105.39M
High Forecast$279.51M$271.04M$261.45M$259.71M$254.37M$250.19M$243.06M$245.63M$230.29M$209.49M$207.27M$241.64M$216.47M$209.98M$220.80M$191.02M$205.45M$217.45M$171.96M$191.85M$197.20M$175.36M$156.32M$151.00M$127.89M$116.63M$108.48M$164.46M$112.37M$105.39M
Low Forecast$258.21M$250.39M$241.52M$239.91M$234.98M$231.12M$224.54M$218.13M$212.74M$209.30M$207.27M$161.09M$199.97M$201.24M$203.97M$127.35M$136.97M$217.45M$114.64M$191.85M$197.20M$175.36M$156.32M$100.67M$127.89M$116.63M$108.48M$109.64M$112.37M$105.39M
Surprise %------------1.03%0.94%0.92%1.33%1.20%0.91%1.62%1.24%0.97%0.97%0.97%1.08%1.14%1.14%1.19%1.02%1.23%1.23%

EPAM Systems's average Quarter SG&A projection for Mar 24 is $201.36M, based on 10 Wall Street analysts, with a range of $161.09M to $241.64M. The forecast indicates a -5.89% fall compared to EPAM last annual SG&A of $213.97M (Dec 23).

EPAM Systems EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts6446437911551071159544755107599988
EPS------------$1.69$1.68$2.07$1.77$2.69$2.72$0.33$1.58$2.51$2.04$2.03$1.94$1.53$1.60$1.20$1.55$1.35$1.22
Avg Forecast$3.33$3.35$3.03$2.89$2.99$2.99$2.72$2.59$2.75$2.70$2.26$2.31$2.51$2.56$2.34$2.35$2.68$2.53$1.71$1.76$2.51$2.22$1.94$1.69$1.71$1.47$1.20$1.40$1.44$1.34
High Forecast$3.53$3.55$3.21$3.06$3.17$3.17$2.89$2.80$2.78$2.71$2.26$2.32$2.67$2.65$2.48$2.50$2.84$2.53$1.71$1.76$2.51$2.22$1.94$1.69$1.71$1.47$1.20$1.40$1.44$1.34
Low Forecast$3.19$3.21$2.90$2.76$2.86$2.86$2.61$2.34$2.71$2.69$2.26$2.31$2.41$2.53$2.24$2.25$2.56$2.53$1.71$1.76$2.51$2.22$1.94$1.69$1.71$1.47$1.20$1.40$1.44$1.34
Surprise %------------0.67%0.66%0.89%0.75%1.00%1.08%0.19%0.90%1.00%0.92%1.05%1.15%0.89%1.09%1.00%1.10%0.94%0.91%

According to 10 Wall Street analysts, EPAM Systems's projected average Quarter EPS for Mar 24 is $2.31, with a low estimate of $2.31 and a high estimate of $2.32. This represents a 36.82% increase compared to EPAM previous annual EPS of $1.69 (Dec 23).

EPAM Systems Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CLVTClarivate$5.45$14.33162.94%Buy
CNXCConcentrix$42.16$75.0077.89%Buy
CDWCDW$176.66$245.0038.68%Buy
CACICACI$415.14$525.1426.50%Buy
LDOSLeidos$150.14$187.3324.77%Buy
ITGartner$497.42$545.759.72%Hold
INFYInfosys$23.13$25.008.08%Hold
ACNAccenture$357.30$378.215.85%Buy
CTSHCognizant Technology Solutions$81.03$82.291.55%Hold
ASGNASGN$87.17$88.000.95%Buy
BRBroadridge Financial Solutions$229.69$230.000.13%Hold
IBMInternational Business Machines$228.97$227.32-0.72%Hold
EPAMEPAM Systems$247.92$237.00-4.40%Buy
EXLSExlService$45.59$39.00-14.45%Buy
TWKSThoughtworks$4.47$2.50-44.07%Hold

EPAM Forecast FAQ

Is EPAM Systems a good buy?

Yes, according to 19 Wall Street analysts, EPAM Systems (EPAM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 11 'Buy' recommendations, accounting for 57.89% of EPAM's total ratings.

What is EPAM's price target?

EPAM Systems (EPAM) average price target is $237 with a range of $204 to $282, implying a -4.54% from its last price of $248.26. The data is based on 19 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will EPAM Systems stock go up soon?

According to Wall Street analysts' prediction for EPAM stock, the company can go down by -4.54% (from the last price of $248.26 to the average price target of $237), up by 13.59% based on the highest stock price target, and down by -17.83% based on the lowest stock price target.

Can EPAM Systems stock reach $400?

EPAM's average twelve months analyst stock price target of $237 does not support the claim that EPAM Systems can reach $400 in the near future.

What are EPAM Systems's analysts' financial forecasts?

EPAM Systems's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $5.19B (high $5.46B, low $5B), average EBITDA is $853.18M (high $898.16M, low $821.77M), average net income is $648.34M (high $690.77M, low $612.23M), average SG&A $943.51M (high $993.25M, low $908.77M), and average EPS is $11.29 (high $12.03, low $10.66). EPAM's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $5.63B (high $5.9B, low $5.45B), average EBITDA is $926.02M (high $969.11M, low $895.25M), average net income is $723.08M (high $766.83M, low $691.85M), average SG&A $1.02B (high $1.07B, low $990.03M), and average EPS is $12.59 (high $13.35, low $12.05).

Did the EPAM's actual financial results beat the analysts' financial forecasts?

Based on EPAM Systems's last annual report (Dec 2023), the company's revenue was $4.69B, beating the average analysts forecast of $4.65B by 0.89%. Apple's EBITDA was $628.38M, missing the average prediction of $739.26M by -15.00%. The company's net income was $417.08M, missing the average estimation of $552.94M by -24.57%. Apple's SG&A was $815.06M, beating the average forecast of $785.17M by 3.81%. Lastly, the company's EPS was $7.21, missing the average prediction of $9.77 by -26.18%. In terms of the last quarterly report (Dec 2023), EPAM Systems's revenue was $1.16B, beating the average analysts' forecast of $1.14B by 1.71%. The company's EBITDA was $150.56M, missing the average prediction of $187.04M by -19.50%. EPAM Systems's net income was $97.55M, missing the average estimation of $144.38M by -32.43%. The company's SG&A was $213.97M, beating the average forecast of $206.85M by 3.45%. Lastly, the company's EPS was $1.69, missing the average prediction of $2.51 by -32.78%