Stifel keeps Buy rating and USD 135.00 target for EPAM Systems stock

Published on 10/07/2026 at 00:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 1.41 billion, up 4.50 percent year over year. EPAM Systems stock has results due November 5, 2026.

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Stifel maintained its Buy rating and USD 135.00 price target for EPAM Systems stock on October 6, 2026, according to Investing.com. The call came as EPAM works through softer technology-sector demand and a North American commercial reorganization.

Stifel sees a 14-deal pipeline

Stifel cited an active large-deal pipeline of 14 deals and described end-of-quarter management messaging as stable, according to Investing.com. The firm also highlighted three company-specific pressures: a North American go-to-market revamp, lower outsourced research and development spending from technology clients representing 15.00 percent of revenue, and changing priorities at one large technology customer.

The setup is therefore divided between a visible sales pipeline and a slower conversion of demand into growth. Stifel estimates 2027 revenue growth at 1.50 percent, below a 3.50 percent consensus estimate, according to the same October 6 report.

Revenue grows while guidance narrows

EPAM generated USD 1.41 billion of revenue in the second quarter of 2026, up 4.50 percent from the second quarter of 2025, while net income increased 17.00 percent to USD 103.00 million, according to Simply Wall St. That combination gives the current debate a sharper edge: profitability improved even as the growth outlook became more restrained.

For the third quarter of 2026, EPAM expects revenue of USD 1.410 billion to USD 1.425 billion and GAAP diluted earnings per share of USD 2.33 to USD 2.41. For full-year 2026, the company expects revenue growth of 3.20 percent to 4.20 percent and GAAP diluted earnings per share of USD 8.22 to USD 8.38, figures reported by Simply Wall St.

November results set the next test

EPAM is scheduled to release third-quarter 2026 results before the market opens on November 5, 2026, with an 8:00 a.m. ET conference call, according to Morningstar. The report will show whether the 14-deal pipeline is translating into the revenue range already supplied for the quarter.

StockAnalysis identifies EPAM Systems under ticker EPAM on the NYSE and lists USD as its reporting currency, confirming the company and security identity for the listed stock.