EPAM Systems Stock: Is Wall Street Bullish or Bearish?

Company Overview - EPAM Systems, Inc. is valued at a market cap of around $10 billion and is a global provider of digital platform engineering and software development services, offering solutions in cloud and data services, customer experience design, cybersecurity, and full-cycle product development across various industries including financial services, retail, technology, healthcare, and media [1] Stock Performance - Over the past 52 weeks, EPAM shares have declined by 26.2%, while the S&P 500 Index has increased by 11%. Year-to-date, EPAM shares have dipped 22.6%, compared to the S&P 500's 12.3% return [2] - EPAM's stock has underperformed the Technology Select Sector SPDR Fund, which has seen over a 17% increase in the same period [3] Recent Financial Results - On November 6, EPAM reported stronger-than-expected Q3 2025 adjusted EPS of $3.08 and revenue of $1.39 billion. The company raised its full-year adjusted EPS forecast to between $11.36 and $11.44 and increased its expected revenue growth for 2025 to 14.8% - 15.2%, driven by strong demand in AI, cloud, automation, and modernization spending [4] Analyst Expectations - For the fiscal year ending in December 2025, analysts expect EPAM's EPS to rise 1.9% year-over-year to $9.04. The company has a promising earnings surprise history, having beaten consensus estimates in the last four quarters. Among 17 analysts covering the stock, the consensus rating is a "Moderate Buy," with 10 "Strong Buy" ratings, one "Moderate Buy," and six "Holds" [5] Price Target and Analyst Ratings - Mizuho analyst Sean Kennedy increased EPAM's price target to $228 while maintaining an Outperform rating. The mean price target of $209.40 represents a 15.7% premium to EPAM's current price levels, and the Street-high price target of $255 suggests a potential upside of 40.9% [6]