Wells Fargo Raises EPAM Systems (EPAM) Price Target to $156

Key Points

  • Wells Fargo lifted its price target on EPAM Systems from $125 to $156, reflecting confidence in the company's growth potential.
  • Wells Fargo's $156 price target implies 14.50% upside from EPAM Systems, Inc.'s ($EPAM) current $136.25 share price.
  • The stock recently traded at $136.25, which is about 0.6% below its closing price of $137.02 on the same day.
  • The mean price target among analysts for EPAM is $123.35, indicating that Wells Fargo's new target is significantly higher.

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On October 26, 2026, Wells Fargo raised its price target on EPAM Systems, Inc. (EPAM) from $125 to $156 while maintaining an Overweight rating. This change shows that Wells Fargo has a positive outlook for the company, which provides digital platform engineering and software development services worldwide. The information comes from Wells Fargo's research note published on the same day.

EPAM EPAM Systems, Inc.
$136.25 -32.03% year to date
Daily close · Oct 23, 2026
Analyst rating track record

Wells Fargo vs. the S&P 500

YTD return -0.22% hypothetical
All-time return -0.22% S&P 500 +0.89%
vs. S&P 500 -1.11% behind the index

Hypothetical returns from Wells Fargo's disclosed trades, not real profit or advice. How we model this.

Wells Fargo's Call on EPAM Systems

Wells Fargo's updated target reflects a significant increase of 24.8% from the previous target. The firm continues to believe in EPAM's potential for growth in the technology sector, especially as the company has shown resilience in its revenue growth, which was reported at 4.5% year-over-year.

Other Institutional Activity in EPAM Systems

Several other funds have also been active in EPAM Systems. Ameriprise Financial, Inc. grew its holdings by 1,676,326 shares, ending with 5,459,505 shares worth about $748.1 million. Citadel Advisors LLC added 1,484,718 shares, raising its total to 1,568,576 shares valued at approximately $214.9 million. Aikya Investment Management Ltd increased its stake by 455,304 shares, totaling 1,365,913 shares worth about $187.2 million.

EPAM Systems, Inc. Stock Down 1.7%

EPAM Systems shares recently traded at $136.25, which is about 0.6% below the closing price of $137.02 on October 26, 2026. This price is 38.8% below its 52-week high of $222.53 but remains 86.5% above its 52-week low of $73.06. The stock is currently trading above its 50-day moving average by 18.8% and above its 200-day moving average by 10.0%.

12-month forecast

$EPAM price target

EPAM Systems, Inc. daily closes and this analyst's $156 target. Not advice.

Recent Earnings

For the trailing twelve months, EPAM reported revenue of approximately $5.6 billion and earnings per share (EPS) of $7.37. The company has a return on equity of 11.2% and a net margin of 7.2%. The next earnings report is scheduled for November 5, 2026.

Insider Buying and Selling at EPAM Systems, Inc.

Boris Shnayder, an officer at EPAM, purchased 111 shares on October 31, 2025, valued at about $15,000. Viktar Dvorkin, another officer, sold 2,500 shares on November 13, 2025, for approximately $454,497. Gary C. Abrahams also sold 600 shares on November 17, 2025, at an average price of $179.29, totaling $107,574. Additionally, Shnayder sold 5,000 shares on December 10, 2025, valued at about $1.04 million.

Analysts Set New Price Targets

On October 26, 2026, Wells Fargo maintained its Overweight rating on EPAM with a new target of $156, up from $125. This follows a trend where other firms like JP Morgan and TD Cowen have also maintained their ratings, with JP Morgan downgrading to Neutral with a target of $120. The consensus among analysts gives EPAM a mean price target of $123.35 based on 17 opinions, suggesting a strong outlook for the stock.

About EPAM Systems

EPAM Systems, Inc. is a technology company that specializes in digital platform engineering and software development services. With a market cap of about $7 billion, it serves clients globally, helping them innovate and improve their digital capabilities. The recent price target increase from Wells Fargo highlights the firm's confidence in EPAM's ongoing growth and strategic positioning in the technology sector.

Bottom Line

Investors should watch for EPAM's next earnings report on November 5, 2026, for insights into its financial performance. With Wells Fargo's updated price target significantly above the current trading levels, it reflects a positive sentiment in the market for EPAM's future prospects.

Source: Wells Fargo's rating change on $EPAM (Oct 26, 2026). Written by software, not financial advice. How we make alerts

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