The news summary for EPAM Systems EPAM indicates positive overall business performance and potential long-term growth. The company notably beat analyst estimates in 2024 Q3 earnings, with revenues crossing the $1.17 billion mark, and an increase in EPS forecasts for 2024. Barclays raised EPAM's price target from $225 to $250, and later to $265. EPAM's collaborations, particularly with the IMF, to launch the StatGPT 2.0 GenAI Application for Global Economic Data, showcase the company's continuous innovative efforts. The SWOT analysis of EPAM projects a potential revenue surge with the current rising IT spend worldwide. The company is seen diversifying its portfolio with the acquisition of NEORIS and obtaining Gartner's recognition for its software development services. However, the company experienced a downturn with a 68% loss in stock investments three years ago. It's important to note that despite grappling with some revenue declines, the recent results and expansion efforts speak for its recovery and potential growth.
Epam Systems EPAM News Analytics from Wed, 28 Feb 2024 08:00:00 GMT to Sat, 09 Nov 2024 14:49:49 GMT - Rating 8 - Innovation 6 - Information 7 - Rumor -3
