EPAM Reports Results for Second Quarter 2022

Go back to EPAM Reports Results for Second Quarter 2022

EPAM Systems (EPAM) PT Raised to $440 at Cowen

August 4, 2022 3:55 PM EDT

Cowen analyst Bryan Bergin raised the price target on EPAM Systems (NYSE: EPAM) to $440.00 (from $400.00) while maintaining an Outperform rating following strong results.

The analyst commented, "Execution prowess remained on full display in 2Q. EPAM conveyed confidence in both near- & medium-term growth, as... More

EPAM Systems (EPAM) PT Raised to $500 at Stifel on Strong Results

August 4, 2022 1:24 PM EDT

Stifel analyst David Grossman raised the price target on EPAM Systems (NYSE: EPAM) to $500.00 (from $411.00) while maintaining a Buy rating.

The analyst commented, "EPAM reported strong 2Q results (+38% normalized growth) with visibility on continued momentum into 2H22 (mid to high 20's normalized... More

EPAM Systems (EPAM) PT Raised to $490 at Needham & Company

August 4, 2022 12:49 PM EDT

Needham & Company analyst Mayank Tandon raised the price target on EPAM Systems (NYSE: EPAM) to $490.00 (from $450.00) while maintaining a Buy rating.

The analyst commented, "EPAM posted another impressive quarter, generating 40.1% Y/Y constant currency revenue growth (~34% organic constant currency growth) and exceeding expectations... More

EPAM Systems (EPAM) Tops Q2 EPS by 67c; Raises Q3 Guidance

August 4, 2022 6:12 AM EDT

EPAM Systems (NYSE: EPAM) reported Q2 EPS of $2.38, $0.67 better than the analyst estimate of $1.71. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.14 billion.

GUIDANCE:

EPAM Systems sees Q3 2022 EPS of at least $2.48, versus the... More