EPAM Systems, Inc.’s Stock Price Takes a Dip at $187.05, Down by 1.92%

EPAM Systems, Inc. (EPAM)

187.05 USD -3.67 (-1.92%) Volume: 1.18M

EPAM Systems, Inc.’s stock price stands at 187.05 USD, experiencing a trading session dip of 1.92% with a trading volume of 1.18M, marking a significant YTD decline of 37.09%, reflecting its stock market performance.

Latest developments on EPAM Systems, Inc.

Key events leading up to today’s EPAM Systems stock price movements include the purchase of 1200 shares by Versor Investments LP, which may have contributed to market optimism. However, the company’s first quarter results and the subsequent adjustment of its full-year outlook amid challenging demand have raised concerns. This has led Scotiabank to lower their rating for EPAM Systems to “Sector Perform”. Additionally, TD Cowen has reduced their price target for the company’s stock to $203.00. These factors combined to influence the stock price of EPAM Systems today.

EPAM Systems, Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have been closely monitoring Epam Systems, a leading company in the tech industry. In their report titled “EPAM Systems: Will The Strong Demand Generation From 2023 Continue In 2024 & Beyond? – Major Drivers,” they highlighted the challenges faced by Epam in 2023 due to geopolitical factors like the Russian invasion of Ukraine. Despite these challenges, Epam managed to perform well by focusing on enhancing delivery quality and leveraging their technological capabilities. Baptista Research aims to evaluate the factors that could impact the company’s price in the near future and conduct an independent valuation using a Discounted Cash Flow methodology.

In another report by Baptista Research, titled “EPAM Systems Inc.: Leading Cloud Solutions With Pioneering AWS Partnership! – Major Drivers,” analysts discussed how Epam Systems, Inc. delivered a strong performance in the previous quarter. The exit from the Russian market had a slight negative impact on year-over-year revenue growth, particularly in the financial services sector. Despite this, Epam’s pioneering partnership with AWS has positioned them as leaders in cloud solutions. Analysts are optimistic about Epam’s future prospects and continue to closely monitor their performance in the tech industry.

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, as well as e-business and content management solutions. According to Smartkarma Smart Scores, the company has strong value and resilience scores, indicating a positive long-term outlook in terms of its financial health and ability to weather market fluctuations. However, its dividend and momentum scores are lower, suggesting that investors may not see significant short-term gains or regular dividend payouts.

Looking ahead, EPAM Systems may continue to benefit from its solid value and resilience factors, which bode well for its stability and growth potential. While its growth score is moderate, the company’s focus on software development and outsourcing services could drive future expansion. Investors should consider these factors when evaluating the overall outlook for EPAM Systems in the long term.

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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