EPAM Systems (NYSE:EPAM) is experiencing a challenging period. The company's price target was lowered several times with Barclays and TD Cowen, indicating a decreased valuation to $200.00 and $203.00, respectively, and its stock faced a considerable plunge following a downward revision of its full-year guidance. Q1 2024 results have shown both promising and worrying signs, with earnings surpassing expectations, and yet the company has had to adjust their full-year outlook in response to a lackluster demand. On the brighter side, EPAM continues to gain recognition as a Top IT Sourcing Vendor in various regions from Europe to the Netherlands, and it has also won the 2024 Google Cloud Partner of the Year Award. Furthermore, the company has broadened its impact by becoming a Microsoft globally managed enterprise systems integrator. EPAM seems to be betting big on India, viewing it as its second-largest delivery center. Despite the fluctuations, its stocks fundamentals remain sound according to some reports, showcasing that the company, overall, is resilient.
Epam Systems EPAM News Analytics from Tue, 26 Sep 2023 07:00:00 GMT to Thu, 16 May 2024 09:56:22 GMT -
Rating -2
- Innovation 3
- Information 7
- Rumor -5
