EPAM Systems, Inc. (EPAM)

Stock Price Forecast

The 14 analysts that cover EPAM Systems stock have a consensus rating of "Buy" and an average price target of $231.43, which forecasts a 32.3% increase in the stock price over the next year. The lowest target is $194 and the highest is $295.

Price Target: $231.43 (+32.3%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$194	$231.43	$215	$295
Change	+10.90%	+32.30%	+22.91%	+68.64%

* Price targets were last updated on May 12, 2025.

Analyst Ratings

The average analyst rating for EPAM Systems stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '25	Feb '25	Mar '25	Apr '25	May '25	Jun '25
Strong Buy	6	5	5	4	5	5
Buy	7	7	7	5	5	5
Hold	7	7	7	7	6	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	20	19	19	16	16	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ramsey El-Assal Barclays	Barclays	Buy Maintains $200 → $215	Buy	Maintains	$200 → $215	+22.91%	May 12, 2025
Mayank Tandon Needham	Needham	Strong Buy Maintains $185 → $215	Strong Buy	Maintains	$185 → $215	+22.91%	May 9, 2025
Jonathan Lee Guggenheim	Guggenheim	Strong Buy Maintains $210 → $215	Strong Buy	Maintains	$210 → $215	+22.91%	May 9, 2025
James Faucette Morgan Stanley	Morgan Stanley	Hold Maintains $250 → $210	Hold	Maintains	$250 → $210	+20.05%	May 9, 2025
Arvind Ramnani Piper Sandler	Piper Sandler	Hold Maintains $170 → $194	Hold	Maintains	$170 → $194	+10.90%	May 9, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

5.46B

Increased by 15.44%

from 4.73B

Revenue Next Year

5.86B

Increased by 7.38%

from 5.46B

EPS This Year

11.06

Increased by 41.01%

from 7.84

EPS Next Year

12.31

Increased by 11.37%

from 11.06

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	2.66B	3.76B	4.82B	4.69B	4.73B	5.46B	5.86B	6.44B
Revenue Growth	15.94%	41.31%	28.38%	-2.78%	0.80%	15.44%	7.38%	9.84%
EPS	5.60	8.15	7.09	7.06	7.84	11.06	12.31	13.78
EPS Growth	23.62%	45.54%	-13.01%	-0.42%	11.05%	41.01%	11.37%	11.94%
Forward PE	-	-	-	-	-	15.82	14.21	12.69
No. Analysts	-	-	-	-	-	23	23	15

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	5.7B	6.2B	6.9B
Avg	5.5B	5.9B	6.4B
Low	5.2B	5.5B	5.9B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	20.0%	13.4%	17.9%
Avg	15.4%	7.4%	9.8%
Low	10.2%	0.2%	0.5%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	11.54	13.67	15.04
Avg	11.06	12.31	13.78
Low	10.41	11.14	12.46

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	47.2%	23.7%	22.1%
Avg	41.0%	11.4%	11.9%
Low	32.7%	0.7%	1.2%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.