Envestnet Portfolio Solutions Inc. and
AGF Management Ltd. have adjusted their stock positions in
EPAM Systems, Inc. (NYSE:EPAM), amidst a changing stock landscape for the company. There are growth concerns addressed during Q1 2024 earnings call and
EPAM systems had to revise its full year outlook. The company's shares have seen a downgrade, conspicuous by their plunge due to demand challenges and macro headwinds. The company is making strategic moves, investing in India, recognized as a top company in Europe by LinkedIn, and expanding its reach in Latin America by acquiring Vates USA. Barclays and Scotiabank have lowered the price target for
EPAM systems. There have been specific concerns about legacy IT systems hindering digital transformation and a decrease in share price, even as the company maintains strong fundamentals. The company is developing significant innovation in areas such as AI and open source. The company also cited impressive results of AI success with a 96% consumer satisfaction rate. There are also factors like high valuation opportunity, and noteworthy moves such as its partnership with AWS and Google Cloud.
Epam Systems EPAM News Analytics from Tue, 26 Sep 2023 07:00:00 GMT to Sun, 19 May 2024 10:34:27 GMT -
Rating -5
- Innovation 6
- Information 5
- Rumor -1
