Brokerage Firm Rating Update on EPAM Systems (EPAM)

EPAM Systems (EPAM) : 7 analysts are covering EPAM Systems (EPAM) and their average rating on the stock is 1, which is read as a Strong Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.

EPAM Systems (EPAM) : 7 Wall Street analysts covering EPAM Systems (EPAM) believe that the average level the stock could reach for the short term is $80.57. The maximum price target given is $90 and the minimum target for short term is around $75, hence the standard deviation is calculated at $5.29.


For the current week, the company shares have a recommendation consensus of Buy. Also, Pacific Crest initiates coverage on EPAM Systems (NYSE:EPAM) The current rating of the shares is Overweight. The rating by the firm was issued on July 12, 2016.

EPAM Systems (NYSE:EPAM): stock was range-bound between the intraday low of $69.5403 and the intraday high of $70.74 after having opened at $70.23 on Wednesdays session. The stock finally closed in the red at $70.23, a loss of -0.04%. The stock remained in the red for the whole trading day. The total traded volume was 203,421 shares. The stock failed to cross $70.74 in Wednesdays trading. The stocks closing price on Thursday was $70.3.

EPAM Systems, Inc. (EPAM) is a provider of software engineering solutions and information technology (IT) services. The Companys service offerings include Software Product Development Services, Custom Application Development Services, Application Testing Services, Enterprise Application Platforms, Application Maintenance and Support, and Infrastructure Management Services. EPAM provides Software Product Development Services to independent software vendors (ISVs) and technology companies. The Company offers Custom Application Development Services to businesses with application development needs. EPAM offers Application Testing Services for technology platforms and industries. The Companys Enterprise Application Platforms develops technology and business application platforms, and components. EPAM offers Application Maintenance and Support services through a team of IT professionals. The Companys Infrastructure Management Services covers the lifecycle of infrastructure management.

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