As of April 14, 2023, software engineering powerhouse EPAM Systems Inc. (NYSE:EPAM) has been given a “Moderate Buy” rating from fifteen research firms that are currently covering the company, according to Bloomberg.com. This rating is based on an esteemed body of knowledge and analysis that has evaluated EPAM’s stock performance. Out of the fifteen research entities, four have advised holding on to the stock while nine strongly recommend buying.
EPAM Systems Inc.’s glowing average rating is backed by the analysts who have covered the company in the past year. Their projected one-year target price for EPAM stands at $403.08- a prediction fueled by ongoing business development efforts and sturdy market growth.
Considered as one of the leading providers of technology solutions and services worldwide, EPAM Systems Inc’s reputation precedes it. The company specializes in delivering high-end digital platforms for enterprises across various industries such as finance, healthcare, automotive and more.
Since its establishment in 1993, EPAM has been relentlessly working towards providing innovative technological solutions that stand out amongst those provided by its competitors. With over 43 offices spread across over twenty countries worldwide, this software juggernaut is no stranger to success.
EPAM’s recent surge in stock value does not necessarily come as a surprise considering their unwavering commitment to innovation and growth amidst the ever-changing technological landscape. Their ability to provide clients with customized enterprise solutions tailor-made for each client’s specific needs sets them apart from other industry players.
As we look ahead into the future, we can expect continued growth and development from this award-winning organization. With their impressive track record of breakthrough innovations combined with their penchant for staying ahead of trends, it seems evident that EPAM will remain a significant player in shaping our digital world for years to come.
Overall, investors would be wise to keep a close eye on EPAM Systems Inc., as this multibillion-dollar company sets the tone for what is to come in the world of digital transformation, and promises to always exceed expectations.
EPAM Systems: A Strong Contender in Software Development and Digital Platforms
On April 14, 2023, EPAM Systems was the subject of several research analyst reports. Despite varying opinions, the company boasts a strong reputation in software product development and digital platform engineering services. Investor interest has been sparked by recent movements in its shares.
Piper Sandler restated an “overweight” rating on EPAM Systems and established a $391 price target in a research report on February 28th. Susquehanna reduced its price objective to $410 but still delcared a positive rating for the company on February 17th. On that same day, Needham & Company LLC increased its price target from $400 to $415 while declaring a “buy” rating for the stock. Wolfe Research downgraded EPAM Systems from an “outperform” to a “peer perform” rating on January 5th. Finally, Cowen also issued a downgrade on February 17th from an “outperform” to a “market perform” rating with a lowered price target of $370.
Despite these shifts, EPAM’s year-long figures still bear out positively for investors. Trading under ticker symbol NYSE:EPAT and opening at $300.01 per share on Friday, it currently holds at $309.44 for its fifty-day moving average and has settled with two-hundred-day moving average of $329.90 USD. While the one-year high reached nearly $463 and its low point bottomed out around $261 during that same time frame, the company maintains stability thanks in part to sensible debt-to-equity ratio of 0.01 along with current and quick ratios of 3.69 each.
What sets EPAM apart? As one of the world’s leading software engineering providers since being founded by Leonid Lozner and Arkadiy Dobkin in 1993 and headquartered in Newtown, PA., their geographical footprint spans North America, Europe, and Russia. This reach across international borders makes it a key investment for those interested in global markets with proven track records.
Key takeaways from these findings? Investors intrigued by the ever-growing nature of the digital space and software product development should give EPAM Systems a closer consideration for portfolios. While analysts’ ratings vary, signs pointing to long-term stability cannot be ignored.
