EPAM Systems, Inc.’s stock price soars to $245.30, marking a robust 4.20% increase

EPAM Systems, Inc. (EPAM)

245.30 USD +9.88 (+4.20%) Volume: 0.6M

EPAM Systems, Inc.’s stock price is currently standing at 245.30 USD, marking a positive trading session with a +4.20% increase and a trading volume of 0.6M. With a year-to-date percentage change of +3.92%, EPAM’s stock continues to demonstrate solid performance in the market.

Latest developments on EPAM Systems, Inc.

EPAM Systems is gearing up to release its fourth-quarter 2024 financial results on February 20, with investors eagerly awaiting the outcome. The company recently announced an expansion of its partnership with Google Cloud to enhance its AI-powered industry solutions, potentially boosting its stock price. However, Jefferies Financial Group has lowered expectations for EPAM Systems’ stock price. Despite this, Cowen has raised EPAM Systems’ price target and reiterated a Hold rating. With these mixed signals, investors are closely watching for any updates during the upcoming earnings call.

EPAM Systems, Inc. on Smartkarma

Analysts at Baptista Research have been closely following Epam Systems, Inc., 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,” the analysts noted that the company’s third-quarter 2024 results exceeded expectations. This growth was driven by increased customer engagement across various verticals, including life sciences, healthcare, financial services, software, and biotech, signaling potential market stabilization.

In another report by Baptista Research titled “EPAM Systems: Will The Acquisition of Odysseus Data Services Be A Game Changer? – Major Drivers,” analysts discussed Epam Systems‘ second quarter 2024 earnings. The report highlighted the company’s strong performance for the quarter, meeting expectations and reflecting robust execution and adaptability in a complex demand environment. Healthcare and life sciences experienced significant growth, while there were slight sequential improvements in financial services, suggesting positive outlooks for the company’s future.

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 looking strong in the long-term outlook, according to Smartkarma Smart Scores. With high scores in value, resilience, and momentum, the company seems to be well-positioned for success. Its focus on providing software development and outsourcing services, along with e-business and content management solutions, has helped it maintain a solid foundation for growth.

However, the low score in dividends might be a cause for concern for some investors looking for immediate returns. Despite this, the overall outlook for EPAM Systems appears positive, especially with its strong performance in key areas like value, resilience, and momentum. With a focus on growth and a solid track record, the company seems poised to continue its success 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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