Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
EPAM is rapidly expanding in the emerging AI space through partnerships and acquisitions, making it a promising player for 2025 and beyond.
IT outsourcing is a strong investment theme due to the rise of remote work and companies placing IT expenses under greater scrutiny. EPAM Systems' Q3 earnings report showed a significant EPS beat and a return to revenue growth. Cash flows from operations increased significantly, and the company holds a substantial cash reserve which can be used for share buybacks.
The Zacks Computers - IT Services Industry participants like ServiceNow (NOW), EPAM Systems (EPAM) and DXC Technology (DXC) are benefiting from ongoing digitization, strong demand for hybrid working solutions and improving IT spending.
EPAM Systems is poised for growth, leveraging AI and strategic acquisitions to enhance global presence and offset revenue losses from Russia operations. Despite geopolitical challenges and a tech consultancy slowdown, EPAM shows resilience with improving book value per share and strong financial management. EPAM's focus on AI capabilities, share buybacks, and a robust balance sheet positions it well for future growth and potential M&A activities.
From a technical perspective, Epam (EPAM) is looking like an interesting pick, as it just reached a key level of support. EPAM recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
Karen Firestone and Steve Weiss join CNBC's 'Halftime Report' to detail their latest portfolio moves.
Epam (EPAM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
EPAM Systems' third-quarter 2024 results benefit from strong top and bottom-line performances, driven by modest growth across its business segments.
Scotiabank analyst Divya Goyal maintains a Hold rating on software firm EPAM Systems, Inc EPAM with a price target of $245.
While the top- and bottom-line numbers for Epam (EPAM) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
After reaching an important support level, Epam (EPAM) could be a good stock pick from a technical perspective. EPAM surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend.