Newtown, Pennsylvania-based EPAM Systems, Inc. (EPAM) provides digital platform engineering and software development services worldwide. With a market cap of $9.5 billion, the company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration.

Companies worth $2 billion to $10 billion are typically referred to as "mid-cap stocks." EPAM fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the information technology services industry. The company benefits from a client base that consists of the majority of Forbes Global 2000 corporations operating worldwide.

However, the company is currently trading 35.8% below its 52-week high of $269 met on Feb. 18. Over the past three months, EPAM stock has declined 3.1%, underperforming the Technology Select Sector SPDR Fund’s (XLK) 13.6% rise during the same time frame.

EPAM stock has declined 26.1% on a YTD basis, underperforming XLK’s 6.3% rise in 2025. Moreover, EPAM has fallen 5.7% over the past 52 weeks, underperforming XLK’s 11.2% rally.

EPAM stock has been trading below its 200-day moving average since late February and mostly above its 50-day moving average since early May.

On May 8, EPAM shares closed up more than 12% after reporting its Q1 results. The company’s revenue came in $1.30 billion, surpassing Wall Street forecasts of $1.28 billion. Moreover, its adjusted EPS of $1.74 exceeded the consensus estimates by 7.4%. Looking ahead, the company expects full-year adjusted EPS in the range of $10.70 to $10.95.

Its peer, Leidos Holdings, Inc. (LDOS), has grown 5.7% in 2025 and 2.5% over the past year, outperforming the stock.

Among the 17 analysts covering the EPAM stock, the consensus rating is a “Moderate Buy.” Its mean price target of $218.12 suggests an impressive 26.3% upside potential from current price levels.