EPAM Systems, Inc.’s Stock Price Plummets to $225.07, Marking a Significant 12.80% Decline: What’s Next?

EPAM Systems, Inc. (EPAM)

225.07 USD -33.04 (-12.80%) Volume: 2.29M

EPAM Systems, Inc.’s stock price stands at 225.07 USD, experiencing a significant drop of -12.80% this trading session with a trading volume of 2.29M, marking a year-to-date percentage decrease of -6.05%, highlighting a volatile performance in the market.

Latest developments on EPAM Systems, Inc.

Today, Epam Systems stock price movements were influenced by a series of key events. The company reported higher Q4 revenue and profit, beating market estimates and providing guidance for Q1 revenue above consensus. Despite this positive news, the stock plunged after weak guidance for FY25 overshadowed the earnings beat, denting retail optimism. Stifel Nicolaus also adjusted Epam Systems‘ price target to $275 from $300. Despite forecasting quarterly and annual profit below estimates, the software provider remains optimistic about outshining Wall Street’s projections in the future.

EPAM Systems, Inc. on Smartkarma

Epam Systems, a global leader in software development and digital platform engineering services, has been receiving positive analyst coverage on Smartkarma. According to research reports from Baptista Research, the company’s third-quarter 2024 results exceeded analysts’ expectations, showing revenue growth on both a year-over-year and sequential basis. This growth was driven by increased customer engagement across various verticals, particularly in life sciences, healthcare, financial services, software, and biotech.

Furthermore, Baptista Research also highlighted Epam Systems‘ strong performance in the second quarter of 2024, with the company meeting expectations and demonstrating robust execution in a complex demand environment. The reports noted significant growth in healthcare and life sciences, as well as slight sequential improvements in financial services. Analysts lean bullish on Epam Systems, indicating optimism for the company’s future prospects.

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 expected to have a positive long-term outlook based on the Smartkarma Smart Scores. With high scores in Value, Resilience, and Momentum, the company is positioned well for future growth and success. The strong value score indicates that the company is undervalued and has potential for significant growth in the future. Additionally, the high resilience score suggests that the company is well-equipped to handle market fluctuations and economic challenges, providing stability for investors.

Although EPAM Systems scored low in the Dividend category, its high scores in Growth and Momentum indicate that the company is focused on expanding its business and maintaining a strong market position. With a diverse range of services including software development and content management solutions, EPAM Systems is well-positioned to capitalize on the growing demand for digital services in today’s technology-driven world.

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