EPAM Systems, Inc.’s Stock Price Soars to $246.80, Marking an Impressive Increase of 3.22%

EPAM Systems, Inc. (EPAM)

246.80 USD +7.69 (+3.22%) Volume: 0.63M

EPAM Systems, Inc.’s stock price is currently standing at 246.80 USD, showcasing an impressive rise of +3.22% this trading session, with a trading volume of 0.63M. Despite the year-to-date percentage change of -17.05%, EPAM’s stock performance continues to attract investor interest.

Latest developments on EPAM Systems, Inc.

Today, EPAM Systems (NYSE:EPAM) saw a 4.6% increase in its stock price following Barclays’ upgrade of the company to Overweight. Barclays cited the AI-driven growth and digital transformation demand as key factors behind the upgrade. This upgrade comes as EPAM continues its legally compliant implementation of artificial intelligence in organizations and reflects on its 2024 ESG journey, showcasing positive change. The market responded positively to the news, with EPAM Systems rising on Barclays’ upgrade, which highlighted the ‘thawing of investment dollars’. Despite this, retail sentiment towards the stock remains subdued.

EPAM Systems, Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have been closely covering Epam Systems, a global leader in software development and digital platform engineering services. In their report titled “EPAM Systems Inc.: An Analysis Of Its Global Expansion & Diverse Delivery Locations & Other Major Drivers,” analysts highlighted the company’s stronger-than-anticipated third-quarter 2024 results. The report noted revenue growth on both a year-over-year and sequential basis, driven by increased customer engagement across various verticals such as life sciences, healthcare, financial services, software, and biotech.

Furthermore, Baptista Research published another report on Smartkarma titled “EPAM Systems: Will The Acquisition of Odysseus Data Services Be A Game Changer? – Major Drivers,” focusing on the company’s second quarter 2024 earnings. Analysts discussed the company’s robust execution and adaptability in a complex demand environment, with particular strength seen in healthcare and life sciences verticals. The report also highlighted slight sequential improvements in financial services, indicating 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 strong potential for long-term growth and value, according to Smartkarma Smart Scores. With high scores in Value, Resilience, and Momentum, the company is positioned well for success in the future. However, its low score in Dividend may be a point of concern for investors looking for steady income from their investments. Overall, EPAM Systems is seen as a solid choice for those seeking growth and value in the software development industry.

EPAM Systems, Inc. is rated highly in areas such as Value, Resilience, and Momentum, indicating a positive outlook for the company’s future performance. While its Growth score is not as high as some other factors, EPAM Systems still demonstrates potential for expansion and success in the software development market. Investors should take note of the company’s strong overall performance in key areas, making it a promising option for those looking to invest in a company with a solid foundation and potential for growth.

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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