Mizuho Securities Maintains Buy Rating on Epam Systems with $224.00 Price Target

Mizuho Securities analyst Sean Kennedy reiterated a Buy rating for Epam Systems with a $224.00 price target. The company reported Q1 revenue of $1.3 billion and net profit of $73.48 million, compared to $1.17 billion and $116.24 million last year. Corporate insider sentiment is negative, with 49 insiders selling shares in the past quarter.

EPAM Systems (NYSE: EPAM) reported its Q1 2025 financial results, showcasing strong revenue growth and a leadership transition. The company reported Q1 revenue of $1.3 billion, an 11.7% year-over-year increase, reaching $1.302 billion, with an 8.3% increase from the previous quarter [1]. This growth was driven by robust organic growth and favorable foreign exchange conditions. GAAP income from operations stood at $99.3 million (7.6% of revenue), while non-GAAP income reached $175.8 million (13.5%).

A significant leadership change occurred during the quarter. Arkadiy Dobkin, EPAM’s founder and long-standing CEO, will step down on September 1 to become Executive Chairman. He will be succeeded by Balazs Fejes, President of Global Business and CRO, who brings over two decades of experience with the company. Dobkin will continue to guide EPAM’s strategic direction, while Fejes leads the next phase of global growth.

The company also raised its full-year revenue forecast to 11.5–14.5%, up from its previous guidance [1]. The stock price reacted positively to the news, with shares climbing 3.76% in pre-market trading after the announcement [2].

In addition to the financial results, EPAM Systems has been making strategic acquisitions and innovations. The company repurchased 1.087 million shares of its common stock for $194.9 million during the quarter, with $82.1 million remaining under its share repurchase authorization as of June 30 [2].

Mizuho Securities analyst Sean Kennedy reiterated a Buy rating for EPAM Systems with a $224.00 price target. Despite the company's strong performance, corporate insider sentiment is negative, with 49 insiders selling shares in the past quarter [3].

References:
[1] https://www.linkedin.com/posts/analytics-india-magazine_epam-systems-kicked-off-2025-with-an-117-activity-7326232469077143553-LPME
[2] https://www.investing.com/news/earnings/epam-systems-shares-rise-nearly-4-as-q2-results-beat-expectations-93CH-4175748
[3] https://seekingalpha.com/news/4480042-epam-systems-q2-2025-earnings-preview