EPAM Systems, Inc.’s stock price soars to $252.43, marking a significant 2.91% increase – a promising investment opportunity

EPAM Systems, Inc. (EPAM)

252.43 USD +7.13 (+2.91%) Volume: 0.72M

EPAM Systems, Inc.’s stock price is currently standing at 252.43 USD, showcasing a positive trading session with a percentage change of +2.91%. With a trading volume of 0.72M, the company’s stock has demonstrated a significant growth YTD, with a percentage change of +6.56%, indicating a strong market presence and investment potential.

Latest developments on EPAM Systems, Inc.

Today, Oliver Luxxe Assets LLC acquired 8,077 shares in EPAM Systems, Inc. (NYSE:EPAM), potentially impacting the stock price. Investors are eagerly awaiting EPAM Systems’ next quarterly earnings report, looking for insights into the company’s financial performance. Additionally, EPAM Systems recently announced an expansion of its partnership with Google Cloud for AI, signaling potential growth opportunities for the tech company.

EPAM Systems, Inc. on Smartkarma

Analysts on Smartkarma, such as Baptista Research, have been closely monitoring Epam Systems, a global leader in software development and digital platform engineering services. In a recent report titled “EPAM Systems Inc.: An Analysis Of Its Global Expansion & Diverse Delivery Locations & Other Major Drivers,” analysts noted that the company’s third-quarter 2024 results exceeded expectations. The strong performance was attributed to increased customer engagement across various verticals, particularly in life sciences, healthcare, financial services, software, and biotech, indicating potential market stabilization.

Furthermore, in another report titled “EPAM Systems: Will The Acquisition of Odysseus Data Services Be A Game Changer? – Major Drivers,” analysts from Baptista Research highlighted Epam Systems‘ second quarter 2024 earnings presentation. The report emphasized the company’s solid performance for the quarter, meeting expectations and demonstrating adaptability in a challenging demand environment. Notably, healthcare and life sciences showed significant growth, with slight sequential improvements in financial services, signaling a positive outlook 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 promising in the long term based on the Smartkarma Smart Scores. With a high Value score of 4, the company is considered to be undervalued compared to its peers. Additionally, EPAM Systems has strong Resilience and Momentum scores of 4, indicating its ability to weather market fluctuations and maintain positive growth trends. However, the company’s low Dividend score of 1 suggests that it may not be a top choice for income-seeking investors.

Looking ahead, EPAM Systems shows potential for growth with a score of 3 in that category. This suggests that the company is positioned to expand its market share and increase its revenue in the future. Overall, despite some areas for improvement, EPAM Systems’ strong Value, Resilience, and Momentum scores point towards a positive outlook for the company 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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma