EPAM Systems (EPAM) Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EPAM Systems in the last year. There are currently 1 sell rating, 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" EPAM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EPAM, but not buy additional shares or sell existing shares.
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14 analysts have issued 12-month target prices for EPAM Systems' shares. Their EPAM share price forecasts range from $235.00 to $424.00. On average, they expect the company's stock price to reach $296.00 in the next year. This suggests a possible upside of 13.4% from the stock's current price.
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EPAM Systems' stock was trading at $327.74 on January 1st, 2023. Since then, EPAM stock has decreased by 20.3% and is now trading at $261.10.
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EPAM Systems saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,130,000 shares, an increase of 11.9% from the August 15th total of 1,010,000 shares. Based on an average daily volume of 524,500 shares, the short-interest ratio is currently 2.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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EPAM Systems, Inc. (NYSE:EPAM) announced its quarterly earnings data on Thursday, August, 3rd. The information technology services provider reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.33. The information technology services provider earned $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. EPAM Systems had a trailing twelve-month return on equity of 18.60% and a net margin of 11.02%.

ETFs with the largest weight of EPAM Systems (NYSE:EPAM) stock in their portfolio include First Trust Growth Strength ETF (FTGS), Invesco S&P 500 Equal Weight Technology ETF (RSPT), Invesco S&P 500 Equal Weight Technology ETF (RYT), Harbor Corporate Culture Leaders ETF (HAPY), Unusual Whales Subversive Republican Trading ETF (KRUZ), Fidelity Growth Opportunities ETF (FGRO), QRAFT AI-Enhanced U.S. Large Cap ETF (QRFT) and Motley Fool Next Index ETF (TMFX).

EPAM Systems updated its FY 2023 earnings guidance on Tuesday, August, 15th. The company provided earnings per share (EPS) guidance of $9.90-$10.10 for the period, compared to the consensus EPS estimate of $9.92. The company issued revenue guidance of $4.65 billion-$4.70 billion, compared to the consensus revenue estimate of $4.70 billion.

1,406 employees have rated EPAM Systems Chief Executive Officer Arkadiy Dobkin on Glassdoor.com. Arkadiy Dobkin has an approval rating of 94% among the company's employees. This puts Arkadiy Dobkin in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other EPAM Systems investors own include Mastercard (MA), NVIDIA (NVDA), Alibaba Group (BABA), Adobe (ADBE), Salesforce (CRM), Visa (V), PayPal (PYPL), ServiceNow (NOW), Walt Disney (DIS) and Netflix (NFLX).

EPAM Systems trades on the New York Stock Exchange (NYSE) under the ticker symbol "EPAM."

EPAM Systems' stock is owned by many different retail and institutional investors. Top institutional investors include Capital Research Global Investors (12.94%), BlackRock Inc. (7.52%), WCM Investment Management LLC (5.00%), Capital World Investors (3.98%), State Street Corp (3.88%) and Alliancebernstein L.P. (2.68%). Insiders that own company stock include Arkadiy Dobkin, Balazs Fejes, Boris Shnayder, Elaina Shekhter, Eugene Roman, Gary C Abrahams, Jason D Peterson, Jason D Peterson, Karl Robb, Lawrence F Solomon, Richard Michael Mayoras, Robert E Segert, Ronald P Vargo, Sergey Yezhkov and Viktar Dvorkin.
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Shares of EPAM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EPAM stock can currently be purchased for approximately $261.10.

EPAM Systems (NYSE:EPAM) has a market capitalization of $15.13 billion and generates $4.84 billion in revenue each year. The information technology services provider earns $419.42 million in net income (profit) each year or $9.00 on an earnings per share basis.

The company employs 59,300 workers across the globe.

EPAM Systems' mailing address is 41 UNIVERSITY DRIVE SUITE 202, NEWTOWN PA, 18940. The official website for the company is www.epam.com. The information technology services provider can be reached via phone at (267) 759-9000, via email at investor_relations@epam.com, or via fax at 267-759-8989.