Wall Street analyst estimates for EPAM Systems, Inc. (EPAM): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
EPAM Systems, Inc. is a leading global provider of comprehensive digital platform engineering and software development solutions. The company's extensive service portfolio includes: Engineering Services: From initial requirements analysis and strategic platform selection to tailored customization, seamless cross-platform migration, and robust implementation and integration of new systems.
Consensus price target
$119.00 (-15 % vs price $140.51)
between $85.00 and $167.00 · 7 targets published in the last quarter
Closing price, Oct 30
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $5.7B | $5.6B – $5.7B | $13.14 | 14 |
| 2027E | $5.8B | $5.7B – $6.0B | $14.05 | 13 |
| 2028E | $6.1B | $6.0B – $6.4B | $15.05 | 9 |
Figures in USD · consensus as of October 29, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 22 |
| Hold | 14 |
| Sell | 1 |
| Strong Sell | 0 |
| Total analysts | 37 |
| Avg rating (−2 sell to +2 buy) | 0.57 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-05 | $3.41 | ||
| 2026-08-06 | $3.38 | $3.16 | +7.0% |
| 2026-05-07 | $2.86 | $2.75 | +4.0% |
| 2026-02-19 | $3.26 | $3.16 | +3.2% |
| 2025-11-06 | $3.08 | $3.03 | +1.7% |
| 2025-08-07 | $2.77 | $2.61 | +6.1% |
| 2025-05-08 | $2.41 | $2.27 | +6.2% |
| 2025-02-20 | $2.84 | $2.75 | +3.3% |
Valuation Ratios
| P/E Ratio | 19.04 |
| Price / Book | 2.09 |
| EV / EBITDA | 8.95 |
| Dividend Yield | 0.00% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.16B | $1.45B | $1.84B | $2.29B | $2.66B | $3.76B | $4.82B | $4.69B | $4.73B | $5.46B |
| Cost of Revenue | $737.2M | $921.4M | $1.19B | $1.49B | $1.73B | $2.48B | $3.29B | $3.26B | $3.28B | $4.01B |
| Gross Profit | $422.9M | $529.1M | $656.0M | $805.6M | $927.0M | $1.27B | $1.54B | $1.43B | $1.45B | $1.45B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $265.9M | $327.6M | $373.6M | $457.4M | $484.8M | $648.7M | $872.8M | $815.1M | $816.3M | $928.7M |
| Operating Expenses | $289.2M | $356.1M | $410.2M | $502.8M | $547.6M | $732.1M | $965.0M | $932.8M | $905.9M | $927.5M |
| Operating Income | $133.7M | $172.9M | $245.8M | $302.9M | $379.3M | $542.3M | $573.0M | $501.2M | $544.6M | $521.2M |
| EBITDA | $157.1M | $201.5M | $282.4M | $404.0M | $508.6M | $680.3M | $647.3M | $659.9M | $711.5M | $671.7M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | $1.7M | 0 | 0 | 0 | 0 |
| Pre-tax Income | $126.5M | $174.3M | $249.8M | $299.5M | $378.5M | $533.4M | $507.3M | $536.6M | $584.4M | $505.6M |
| Income Tax | $27.2M | $101.5M | $9.5M | $38.5M | $51.3M | $51.7M | $87.8M | $119.5M | $129.9M | $127.9M |
| Net Income | $99.3M | $72.8M | $240.3M | $261.1M | $327.2M | $481.7M | $419.4M | $417.1M | $454.5M | $377.7M |
| EPS | $1.97 | $1.40 | $4.24 | $4.77 | $5.87 | $8.52 | $7.32 | $7.21 | $7.93 | $6.76 |
| EPS (Diluted) | $1.87 | $1.32 | $4.24 | $4.53 | $5.60 | $8.15 | $7.09 | $7.06 | $7.84 | $6.72 |
| Shares Outstanding (Diluted) | 53.2 M | 55.0 M | 56.7 M | 57.7 M | 58.4 M | 59.1 M | 59.2 M | 59.1 M | 58.0 M | 56.2 M |
Price
| Price | $140.51 (closing price, October 30, 2026) |
| Market Cap | $7.2B |
| Exchange | NYSE |
| Country | US |
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Explore sector: Technology · Information Technology Services
More sections of EPAM: Overview · Financials · Valuation · Statistics · Technical · Ownership · News · Events
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