EPAM Systems, Inc.’s stock price soars to $301.20, marking a robust 8.29% increase

EPAM Systems, Inc. (EPAM)

301.20 USD +23.06 (+8.29%) Volume: 1.38M

EPAM Systems, Inc.’s stock price sees impressive performance, currently valued at 301.20 USD, with a promising rise of +8.29% this trading session. The company’s trading volume stands at 1.38M, demonstrating a strong market interest. With a year-to-date percentage change of +0.59%, EPAM’s stock continues to showcase steady growth.

Latest developments on EPAM Systems, Inc.

EPAM Systems Inc has seen a surge in stock price, rising by 9% following a successful Q4 earnings report, which exceeded analyst predictions. Although there was a reported decline in earnings for Q4 and the full year of 2023, the company’s shares rallied by 12%, driven by a strategic shift towards Generative AI and the adoption of AI innovations. The company’s resilience and revenue forecast, propelled by AI adoption bets, have positively impacted the stock’s performance. EPAM’s recent welcoming of Hyperforce in the UAE is also a significant development, marking a new tech era.

EPAM Systems, Inc. on Smartkarma

Investment research network Smartkarma has published new analyst coverage on Epam Systems, a leading provider of cloud solutions. Analysts from Baptista Research have released two reports, both with a bullish sentiment, analyzing the company’s performance in the previous quarter. In the first report, EPAM Systems, Inc. was praised for delivering an all-around beat, despite a 50 basis point negative impact on year-over-year revenue growth due to the company’s exit from the Russian market. The second report focused on the company’s unwavering focus amidst declining health and tech sectors, with EPAM Systems, Inc. exceeding analyst expectations in terms of revenue and earnings.

According to the reports, EPAM Systems, Inc. reported a revenue of $1.17 billion in the previous quarter, a 2.1% year-over-year decline on a reported basis and a 2.4% year-over-year decline in constant currency terms. Despite this, the company’s performance was still praised by analysts, with strong growth in the travel and hospitality sector partially offsetting decreases in retail. The reports also included a fundamental analysis of the company’s historical financial statements, providing investors with valuable insights into EPAM System’s performance. These reports can be found on Smartkarma’s platform, under the entity profile for Epam Systems.

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. has been in the news lately due to its high Smartkarma Smart Scores in various categories. These scores, which range from 1 to 5, indicate the company’s overall outlook. EPAM Systems scored a 3 in Value, meaning it is seen as a good investment opportunity. However, its Dividend score of 1 suggests that it may not be the best choice for those seeking a steady stream of income. On the other hand, the company scored a 4 in both Growth and Resilience, indicating its potential for long-term growth and its ability to weather economic downturns. In addition, EPAM Systems also received a Momentum score of 4, showing that it is performing well in the current market. Overall, the future looks bright for EPAM Systems as it continues to provide software development and outsourcing services, e-business solutions, and more to its clients.

EPAM Systems, Inc. is a company that specializes in software development, outsourcing, and other related services. Recently, it has been garnering attention for its high Smartkarma Smart Scores. These scores, which range from 1 to 5, give an overall outlook on the company’s performance. EPAM Systems received a score of 3 in Value, indicating that it is a good investment opportunity. However, its Dividend score of 1 suggests that it may not be the best choice for those seeking regular dividend payments. The company also scored a 4 in both Growth and Resilience, showing its potential for long-term growth and its ability to withstand economic challenges. With a Momentum score of 4, EPAM Systems is also performing well in the current market. In summary, EPAM Systems is a company that offers a range of solutions, and its future looks promising with its high Smartkarma Smart Scores.

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.
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