EPAM Systems, Inc.’s Stock Price Skyrockets to $181.80, Marking a Stellar 6.78% Rise

EPAM Systems, Inc. (EPAM)

181.80 USD +11.55 (+6.78%) Volume: 1.35M

EPAM Systems, Inc.’s stock price surges to $181.80, marking a significant +6.78% change in today’s trading session with a robust trading volume of 1.35M. Despite the recent uptick, the stock records a -38.86% change Year-To-Date, reflecting the volatile market environment.

Latest developments on EPAM Systems, Inc.

Recent events have significantly impacted the stock price of EPAM Systems, Inc. (NYSE:EPAM). Trust Co. of Toledo NA OH has lowered its holdings in the company, while Goldman Sachs Group Inc. sold a large number of shares. EPAM also hit a new 52-week low at $172.56, following allegations of a breach by a third-party contractor leading to ransom demands from Snowflake users. Despite denying any link to the attacks, EPAM’s stock price has been affected. In the midst of these challenges, EPAM collaborated with CMR on an AI Engineering Study, revealing insights into modern engineers’ career expectations. Additionally, Google’s Mandiant released a Snowflake guide for threat hunters, shedding light on the cybersecurity landscape surrounding the company. These events have contributed to the fluctuations in EPAM Systems’ stock price today.

EPAM Systems, Inc. on Smartkarma

Analysts on Smartkarma, like Baptista Research, have been closely following Epam Systems, a global provider of digital platform engineering and software development services. In their research reports, analysts have highlighted the challenges faced by Epam in Q1 2024, where they experienced a decrease in revenue and gross margin due to foreign exchange impacts and pricing adjustments. Despite these challenges, analysts remain bullish on Epam’s future prospects.

Baptista Research also delved into Epam Systems‘ performance in 2023, noting the disruptions caused by geopolitical factors like the Russian invasion of Ukraine. Despite these challenges, Epam managed to navigate the volatile demand environment and focus on enhancing delivery quality and leveraging technological capabilities. Analysts are optimistic about the company’s ability to tap into future opportunities in Gen AI and AI, and are conducting independent valuations to assess the company’s potential price movements.

A look at EPAM Systems, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

EPAM Systems, Inc. provides a range of software development and outsourcing services. According to Smartkarma Smart Scores, the company scores high in areas such as value and resilience, indicating a positive long-term outlook. This suggests that EPAM Systems is well-positioned to provide quality services and maintain its competitiveness in the market.

However, the company scores lower in areas such as dividend and momentum, which may indicate potential challenges in terms of growth and attracting investors. Despite this, with a strong emphasis on value and resilience, EPAM Systems is likely to continue to thrive in the software development and outsourcing industry.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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