EPAM Systems, Inc. (EPAM) Monthly Report
Publication Date: September 22, 2024
Company Overview
EPAM Systems, Inc. (EPAM) is a renowned global technology firm headquartered in Newtown, Pennsylvania. Established in 1993, EPAM excels in digital platform engineering and software development services, catering to a variety of industries including financial services, healthcare, and media. The company leverages advanced technologies such as artificial intelligence and virtual reality to offer integrated engineering solutions. EPAM is publicly traded under the ticker symbol EPAM and operates within the Information Technology Services sector of the broader Technology industry.
Financial Performance
EPAM Systems has reported impressive financial stability with total revenue reaching approximately $4.62 billion. This robust performance positions the company favorably within the rapidly evolving digital landscape, leading analysts to set a target high price of $275.00 per share—a substantial upside opportunity for potential investors. Current trading reflects a share price of $197.00, positioning it significantly below its 52-week high of $317.50, yet retaining a resilient status as it remains 16.3% above its 52-week low of $169.43. The average target price is projected at $218.01, further solidifying a “buy” recommendation based on current market sentiments and financial forecasts.
Market Sentiment & Stock Dynamics
With 56,935,400 shares outstanding and a low short interest of approximately 0.0226%, investor sentiment towards EPAM reflects a positive outlook, characterized by minimal betting against the stock. The stock currently trades slightly below its 50-day moving average of $203.08, indicating a recent trend of cautious pricing dynamics. Despite the current lower trading price, favorable targets suggest that EPAM is well-positioned for potential appreciation, making it a compelling consideration for investors aiming to capitalize on the increasing demand for technology services. The stock’s solid foundation, rooted in strong financial results and a robust industry landscape, suggests a promising trajectory ahead.
Overall, EPAM Systems, Inc. presents a noteworthy investment opportunity within the Information Technology Services sector, supported by a strong financial performance and optimistic market sentiment. Investors are encouraged to monitor upcoming trends and developments while considering the favorable growth potential indicated by analysts.
| Metric | Value |
|---|---|
| Market Cap | $11.2b |
| Total Debt | $166.0m |
| Total Cash | $1.8b |
| Shares Outstanding | 56.9m |
| Float Shares | 55.0m |
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