EPAM Systems (EPAM) Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EPAM Systems in the last twelve months. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" EPAM shares.
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12 brokerages have issued 12 month target prices for EPAM Systems' stock. Their EPAM share price forecasts range from $310.00 to $475.00. On average, they expect the company's share price to reach $386.15 in the next year. This suggests a possible upside of 49.4% 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 21.1% and is now trading at $258.48.
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EPAM Systems saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,380,000 shares, an increase of 23.2% from the April 30th total of 1,120,000 shares. Based on an average daily trading volume, of 533,700 shares, the short-interest ratio is presently 2.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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EPAM Systems, Inc. (NYSE:EPAM) issued its quarterly earnings data on Thursday, November, 4th. The information technology services provider reported $2.42 earnings per share for the quarter, beating analysts' consensus estimates of $2.22 by $0.20. The information technology services provider had revenue of $988.50 million for the quarter, compared to the consensus estimate of $964.12 million. EPAM Systems had a net margin of 8.88% and a trailing twelve-month return on equity of 19.60%. The company's quarterly revenue was up 51.6% on a year-over-year basis. During the same quarter last year, the company posted $1.41 EPS.

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), Global X Founder-Run Companies ETF (BOSS), Unusual Whales Subversive Republican Trading ETF (KRUZ), Motley Fool Next Index ETF (TMFX), Harbor Corporate Culture Leaders ETF (HAPY), American Century STOXX U.S. Quality Growth ETF (QGRO) and Invesco S&P 500 High Beta ETF (SPHB).

EPAM Systems issued an update on its second quarter 2023 earnings guidance on Sunday, May, 7th. The company provided earnings per share (EPS) guidance of $2.38-$2.46 for the period, compared to the consensus earnings per share estimate of $2.48. The company issued revenue guidance of $1.20 billion-$1.21 billion, compared to the consensus revenue estimate of $1.26 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 BlackRock Inc. (6.88%), WCM Investment Management LLC (4.83%), State Street Corp (3.86%), JPMorgan Chase & Co. (3.71%), FMR LLC (2.87%) and Geode Capital Management LLC (2.02%). Insiders that own company stock include Arkadiy Dobkin, Balazs Fejes, Boris Shnayder, Elaina Shekhter, 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 $258.48.

EPAM Systems (NYSE:EPAM) has a market capitalization of $14.97 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 $7.29 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.