Last Updated: 10 Nov 2024
Executive Summary
EPAM Systems Inc. (EPAM) is a leading digital platform engineering and software development services provider. The company has a strong track record of growth, driven by its focus on innovation and customer satisfaction. EPAM's financial performance has been solid, with the company reporting strong revenue and earnings growth in recent years. The company's shares have outperformed the broader market over the past year, and analysts are generally positive on the stock's outlook.
Company Overview
EPAM was founded in 1993 and is headquartered in Newtown, Pennsylvania. The company provides a range of services, including software development, application development, and maintenance, as well as consulting and training. EPAM has a global presence, with offices in North America, Europe, Asia, and Australia. The company's clients include some of the world's largest companies, including Fortune 500 companies.
Fundamental Analysis
EPAM's financial performance has been strong in recent years. The company's revenue has grown at a compound annual growth rate (CAGR) of 15% over the past five years. In 2023, EPAM reported revenue of $4.6 billion, up 13% year-over-year. The company's net income has also grown steadily, with a CAGR of 18% over the past five years. In 2023, EPAM reported net income of $659 million, up 15% year-over-year.
EPAM's financial performance is driven by a number of factors, including:
Strong demand for digital platform engineering and software development services
The company's focus on innovation and customer satisfaction
EPAM's global presence
The company's strong team of engineers and developers
Technical Analysis
EPAM's stock price has been in a strong uptrend over the past year. The stock has gained over 50% since the beginning of 2023. The stock's technical indicators are also positive, with the stock trading above its 50-day and 200-day moving averages.
Short Term Outlook
The short-term outlook for EPAM is positive. The company's financial performance is strong, and the demand for its services is expected to continue to grow. The stock's technical indicators are also positive, suggesting that the stock price is likely to continue to rise in the near term.
Long Term Outlook
The long-term outlook for EPAM is also positive. The company is well-positioned to benefit from the growing demand for digital platform engineering and software development services. The company's focus on innovation and customer satisfaction is also expected to drive long-term growth.
Analyst Recommendations
Analysts are generally positive on EPAM's stock. The consensus analyst rating for the stock is "Buy." The average analyst target price for the stock is $239.76, which represents a potential upside of over 20% from the current price.
