EPAM Systems - EPAM Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for EPAM Systems in the last twelve months. There are currently 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" EPAM shares.
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13 equities research analysts have issued 12 month price objectives for EPAM Systems' shares. Their EPAM share price forecasts range from $370.00 to $475.00. On average, they predict the company's stock price to reach $402.14 in the next year. This suggests a possible upside of 44.4% 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 15.0% and is now trading at $278.50.
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EPAM Systems saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 790,100 shares, an increase of 11.8% from the February 13th total of 706,800 shares. Based on an average daily volume of 379,600 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.4% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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EPAM Systems, Inc. (NYSE:EPAM) posted its earnings results on Thursday, November, 4th. The information technology services provider reported $2.42 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.20. The information technology services provider earned $988.50 million during the quarter, compared to the consensus estimate of $964.12 million. EPAM Systems had a trailing twelve-month return on equity of 21.55% and a net margin of 8.69%. The business's quarterly revenue was up 51.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.41 earnings per share.

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 (RYT), QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM), Global X Founder-Run Companies ETF (BOSS), Harbor Corporate Culture Leaders ETF (HAPY), QRAFT AI-Enhanced U.S. Large Cap ETF (QRFT), Motley Fool Next Index ETF (TMFX) and American Century STOXX U.S. Quality Growth ETF (QGRO).

EPAM Systems updated its first quarter 2023 earnings guidance on Monday, February, 20th. The company provided earnings per share (EPS) guidance of $2.30-$2.38 for the period, compared to the consensus estimate of $2.79. The company issued revenue guidance of $1.20 billion-$1.21 billion, compared to the consensus revenue estimate of $1.29 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 institutional and retail investors. Top institutional investors include Alliancebernstein L.P. (6.07%), WCM Investment Management LLC (5.94%), JPMorgan Chase & Co. (4.39%), Geode Capital Management LLC (1.99%), Morgan Stanley (1.23%) and Bank of America Corp DE (1.17%). Insiders that own company stock include Arkadiy Dobkin, Balazs Fejes, Boris Shnayder, Elaina Shekhter, Gary C Abrahams, Jason D Peterson, Jason D Peterson, Jason Harman, 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 $278.50.

EPAM Systems (NYSE:EPAM) has a market capitalization of $16.06 billion and generates $4.82 billion in revenue each year. The information technology services provider earns $419.42 million in net income (profit) each year or $7.08 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.