Stifel Nicolaus Reaffirms Buy Rating on EPAM Systems, Sets PT at $246

Stifel Nicolaus reiterated a Buy rating on EPAM Systems, keeping the price target at $246. The analyst, David Grossman, remains optimistic on EPAM due to the company's strong year-over-year growth across six verticals and three geographic regions. EPAM achieved a total revenue of $1.35 billion in Q2, up 18% from a year ago and surpassing consensus by $20.09 million.

July 02, 2025 - Stifel Nicolaus has reiterated its Buy rating for EPAM Systems (EPAM), keeping the price target at $246. The analyst, David Grossman, remains optimistic on EPAM due to the company's strong year-over-year growth across six verticals and three geographic regions. EPAM achieved a total revenue of $1.35 billion in Q2, up 18% from a year ago and surpassing consensus by $20.09 million [1].

The analyst praised EPAM's ability to sustain growth momentum despite the challenging economic environment. Grossman highlighted that EPAM's accelerating organic growth, active capital allocation, and discounted valuation make it an attractive investment opportunity. He also noted that EPAM's strategic AI initiatives and strong financial performance justify the Buy rating [1].

EPAM's growth trajectory is expected to continue, with analysts forecasting an average price target of $209.90 over the next 12 months, representing a 33.09% upside from the current price of $157.71. The highest price target is $246.00, while the lowest is $171.00 [1].

In the past three months, 11 analysts have given EPAM a Strong Buy rating, with only one analyst initiating a Hold rating. The majority of analysts remain bullish on EPAM, reflecting the company's strong performance and positive outlook [1].

References:
[1] https://www.tipranks.com/stocks/epam/forecast