TD Cowen Sees Recovery Potential in EPAM Systems, Inc.'s (EPAM) Fundamental Strengths

EPAM Systems, Inc. (NYSE:EPAM) is among the 13 Best Big Tech Stocks to Buy According to Hedge Funds.

EPAM Systems, Inc. (NYSE:EPAM) is one of the best technology stocks.

TheFly reported on February 23 that TD Cowen kept a Buy rating on EPAM while lowering its price target from $243 to $220. Although the company's basic assets, such as AI-driven demand, increased pricing, margin growth, and a strong balance sheet, support an optimistic prognosis for recovery, the adjustment reflects short-term client challenges

EPAM Systems, Inc. (NYSE:EPAM) announced its fourth quarter and full year 2025 results on February 19, highlighting strong performance driven by AI-related initiatives. According to the report, non-GAAP operating income increased 10.5% to $230 million with a 14.8% increase in non-GAAP EPS to $3.26. According to the company, its Q4 revenues climbed to $1.408 billion, a 12.8% annual rise.

According to the reports, full-year revenues climbed 15.4% to $5.457 billion, with non-GAAP operating income up 6.7% to $831.5 million and non-GAAP EPS at $11.50. Operating cash flow totaled $654.9 million for 2025, supported by share repurchases of 3.54 million shares, leaving $776.5 million available under the program.

The business had about 62,850 workers and $1.301 billion in cash at the end of the year. EPAM projects GAAP EPS of $7.95–$8.25 and Q1 GAAP EPS of $1.32–$1.40 for 2026, with sales growth of 4.5–7.5% for the entire year and 7% in Q1.

EPAM Systems, Inc. (NYSE:EPAM) is a global IT services and consulting company specializing in software engineering, digital platform development, and technology solutions. It serves clients across industries, focusing on innovative software, product development, and digital transformation to drive business growth and efficiency.

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