EPAM Systems, Inc.’s Stock Price Soars to $190.72, Marking a Robust 3.99% Uptick

EPAM Systems, Inc. (EPAM)

190.72 USD +7.32 (+3.99%) Volume: 1.9M

EPAM Systems, Inc.’s stock price sees a positive surge, trading at 190.72 USD with a session gain of +3.99%. Despite a YTD decline of -35.86%, the robust trading volume of 1.9M signifies solid investor interest. Stay updated with EPAM’s market performance for insightful investment decisions.

Latest developments on EPAM Systems, Inc.

EPAM Systems (NYSE:EPAM) has experienced significant stock price movements following the release of its first quarter results and subsequent adjustment of its full-year outlook amid challenging demand. This led TD Cowen to lower their price target to $203.00 for the company. The National Bank of Canada FI also reduced its stake in the company. Despite these challenges, EPAM Systems managed to beat earnings expectations, prompting analysts to revise their forecasts. The company’s Q1 CY24 results and stock forecast for 2024 were also key factors influencing its stock price.

EPAM Systems, Inc. on Smartkarma

Analysts at Baptista Research have been closely monitoring Epam Systems, a company that faced challenges in 2023 due to geopolitical factors like the Russian invasion of Ukraine. Despite these disruptions, Epam managed to perform well and focus on enhancing delivery quality and leveraging technological capabilities. Baptista Research is evaluating various factors that could impact the company’s price in the near future and conducting an independent valuation using a Discounted Cash Flow (DCF) methodology.

In another report by Baptista Research, it was highlighted that Epam Systems, Inc. delivered strong results in the previous quarter, with a notable performance despite exiting the Russian market. The company’s partnership with AWS in cloud solutions has been a major driver of growth. However, there was a slight negative impact on year-over-year revenue growth due to the exit from the Russian market. Financial services saw a decrease, mainly driven by declines in banking but partially offset by growth in asset management.

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 software development and outsourcing services, among other solutions. According to Smartkarma Smart Scores, the company has a strong outlook for value and resilience, scoring high in these areas. This suggests that EPAM Systems is seen as a valuable investment with a strong ability to withstand challenges over the long term.

However, the company’s outlook for dividends and momentum is not as favorable, scoring lower in these areas. This indicates that investors may not expect significant dividend payouts from EPAM Systems, and the company may not be experiencing strong upward momentum. Overall, EPAM Systems’ growth score falls in the middle range, suggesting moderate expectations for future growth.

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