EPAM Systems, Inc.’s Stock Price Soars to $217.47, Marking a Robust Increase of +2.92%

EPAM Systems, Inc. (EPAM)

217.47 USD +6.16 (+2.92%) Volume: 1.18M

EPAM Systems, Inc.’s stock price is currently at 217.47 USD, witnessing a positive surge of +2.92% in this trading session with a trading volume of 1.18M, despite a year-to-date decrease of -26.86%, showcasing its dynamic market presence.

Latest developments on EPAM Systems, Inc.

EPAM Systems’ stock price saw a rise today following an upgrade to Buy by Jefferies, who also raised the stock target on the company’s AI prospects. This comes after Jefferies predicted a bottom for IT spending, potentially boosting EPAM Systems’ stock further. Envestnet Portfolio Solutions Inc. also acquired shares of EPAM Systems, Inc., indicating confidence in the company’s future performance. With 16 analyst ratings to navigate, investors are closely monitoring EPAM Systems’ movements in the market.

EPAM Systems, Inc. on Smartkarma

Analysts on Smartkarma, such as Baptista Research, have been closely monitoring Epam Systems, a prominent global provider of digital platform engineering and software development services. In their recent research reports, Baptista Research highlighted the challenges faced by Epam Systems in Q1 2024, including a year-on-year decrease in revenue and gross margin. Despite these difficulties, analysts remain optimistic about the company’s future prospects, emphasizing the potential drivers for growth such as global operations refinement and delivery platform optimization.

Furthermore, Baptista Research also delved into the impact of geopolitical factors on Epam Systems‘ performance in 2023, particularly the Russian invasion of Ukraine. Despite these external disruptions, the company managed to navigate the volatile demand environment and focus on enhancing delivery quality and cost effectiveness. Analysts are now evaluating the potential for strong demand generation to continue in 2024 and beyond, considering factors such as technological capabilities and future opportunities in artificial intelligence. Overall, the analyst coverage on Smartkarma provides valuable insights for investors looking to understand the trajectory of Epam Systems in the market.

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, outsourcing services, e-business, enterprise relationship management, and content management solutions. According to Smartkarma Smart Scores, the company has a high value score of 4, indicating a positive long-term outlook in terms of its valuation. This suggests that investors may see potential for growth and profitability in the company’s stock.

On the other hand, EPAM Systems has a low dividend score of 1, which may not be attractive to income-focused investors. However, the company scores well in resilience with a score of 4, indicating its ability to withstand market fluctuations and economic challenges. Additionally, EPAM Systems has a growth score of 3 and a momentum score of 3, suggesting moderate potential for future growth and performance in the market.

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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