EPAM Systems, Inc.’s Stock Price Soars to $245.22, Marking a Robust 4.57% Increase

EPAM Systems, Inc. (EPAM)

245.22 USD +10.72 (+4.57%) Volume: 0.74M

EPAM Systems, Inc.’s stock price soars to 245.22 USD, marking a positive trading session with a 4.57% surge on a volume of 0.74M, despite a year-to-date decrease of 17.55%.

Latest developments on EPAM Systems, Inc.

EPAM Systems, a leading provider of AI-driven solutions for global growth, has been making waves in the market recently. The company’s robust growth in India, driven by Global Capability Centers, has caught the attention of investors. Victory Capital Management Inc. recently acquired shares of EPAM Systems, further boosting its presence in the market. EPAM Systems was also recognized as a leader in data modernization by IDC MarketScape. With strong financial performance in Q3 2024 and strategic expansions, including a stake increase by MAI Capital Management, the company’s stock price has been on the rise. Barclays raised EPAM Systems’ price target to $250 from $225, reflecting positive market sentiment. Today, EPAM Systems rallied, showcasing its global expansion and diverse delivery locations as major drivers of success.

EPAM Systems, Inc. on Smartkarma

Analysts at Baptista Research have been closely monitoring Epam Systems, a global leader in software development and digital platform engineering services. In their latest research reports, they highlighted the company’s strong performance in the third quarter of 2024, surpassing analysts’ expectations. With revenue growth across various verticals, including life sciences, healthcare, financial services, software, and biotech, Epam Systems demonstrated potential stabilization in the market.

Furthermore, Baptista Research also discussed the impact of Epam Systems‘ recent acquisition of Odysseus Data Services in another report. Despite facing challenges in the first quarter of 2024, the company showed resilience and adaptability in a complex demand environment. Strong growth in healthcare and life sciences, along with improvements in financial services, indicated a positive outlook for Epam Systems moving forward.

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. is showing promising signs for its long-term outlook, according to Smartkarma Smart Scores. With high scores in Value, Resilience, and Momentum, the company seems to be in a strong position to weather market fluctuations and capitalize on growth opportunities. Despite a lower score in Dividend, EPAM Systems’ focus on software development and content management solutions could drive future profitability.

EPAM Systems, Inc. has received positive ratings across various factors, indicating a favorable outlook for the company. With above-average scores in Value, Resilience, and Momentum, EPAM Systems is positioned well for sustained growth and stability in the market. The company’s emphasis on software development and outsourcing services could further enhance its competitive edge and drive long-term success.

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