EPAM Systems, a well-known IT services provider with recognisable presence in Switzerland, the UK, Ireland, and the Netherlands, seem to be under pressure as they deal with mixed performances. The company was removed from the FTSE All-World Index, a decision followed by Morgan Stanley lowering the EPAM stock price target. Despite the challenges, the company is creating buzz in the technology sector with its AI and workforce initiatives in India and planned leadership succession.
EPAM’s new CEO, Balazs Fejes, is keen on maintaining a robust AI-driven future for the company. The release of the open-source GenAI platform, DIAL 3.0, and future growth plans within India demonstrate these intentions. Nevertheless, its stock has underperformed with a reported loss of 48% if invested three years ago. However, the recent analyst upgrades and strong AI-driven results illuminate the potential for a positive valuation turnaround.
Despite some poor stock performance, EPAM has been recognized by LinkedIn as a top company in Mexico and has made a sizeable impact in the Germany market. Moreover, its planned expansion to Azerbaijan and partnership with Google Cloud strengthen the company's global imprint and technological capabilities.
Epam Systems EPAM News Analytics from Wed, 05 Feb 2025 08:00:00 GMT to Sat, 27 Sep 2025 20:23:55 GMT - Rating -2 - Innovation 5 - Information 9 - Rumor -4
