Susquehanna keeps USD 146.00 target for EPAM Systems stock

Published on 10/20/2026 at 19:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 2026 revenue rose 4.60 percent to USD 1.41 billion. EPAM Systems stock costs EUR 115.63 on October 20, 2026, up 2.28 percent versus Frankfurt.

Analyst target and reporting figures

Susquehanna maintained a USD 146.00 price target and Buy rating on October 16, 2026.
Second-quarter 2026 revenue rose 4.60 percent year over year to USD 1.41 billion.
EPAM Systems stock costs EUR 115.63 at Lang & Schwarz on October 20, 2026 at 7:07 p.m. CEST, 2.28 percent above the Frankfurt close of October 19, 2026.
EPAM traded at a 17.58 price-to-earnings ratio and had a USD 6.7 billion market capitalization as of October 20, 2026.

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Susquehanna maintained a Buy rating and a USD 146.00 price target for EPAM Systems in a report dated October 16, 2026, according to Markets Insider. The target stood above the USD 129.74 price on the New York Stock Exchange at 1:11 p.m. ET on October 20, 2026. At Lang & Schwarz, the stock was trading at EUR 115.63 on October 20, 2026 at 7:07 p.m. CEST, up 2.28 percent versus the Frankfurt close of October 19, 2026 at EUR 113.05.

Second-quarter revenue reached USD 1.41 billion

EPAM Systems reported USD 1.41 billion of revenue for the second quarter of 2026, up 4.60 percent from the same period a year earlier. The company also reported adjusted earnings per share of USD 3.38 against a USD 3.16 consensus estimate, according to MarketBeat. The revenue figure and earnings comparison give the analyst target a concrete operating reference.

Stock stays below its yearly high

EPAM's USD 73.06 to USD 222.53 52-week range places the New York Stock Exchange price at USD 129.74 well below the upper boundary as of October 20, 2026. The stock had a market capitalization of USD 6.7 billion, a price-to-earnings ratio of 17.58 and volume of 331,761 shares at 1:11 p.m. ET.

The euro quotation reflects a separate German trading reference for investors in Europe. Its 2.28 percent premium to the Frankfurt close is calculated from EUR 115.63 and EUR 113.05, while the US quotation was still in regular trading.

Valuation sets the next reference point

Susquehanna's USD 146.00 target implies 12.53 percent upside from the USD 129.74 New York Stock Exchange price. That comparison is distinct from the euro move because the target and the US quotation use USD, while the Lang & Schwarz price and Frankfurt close use EUR.

What the numbers mean for EPAM Systems

The central tension is visible in the combination of 4.60 percent revenue growth in the second quarter of 2026 and a target that sits above the current US quotation. The next valuation debate will therefore turn on whether operating growth can support the higher target without relying on a broader technology-sector rerating.

EPAM Systems was trading at EUR 115.63 at Lang & Schwarz on October 20, 2026 at 7:07 p.m. CEST, 2.28 percent above the Frankfurt close of October 19, 2026 at EUR 113.05. The further course of trading is shown by the continuously updated real-time quote of EPAM Systems stock.