EPAM Systems (EPAM) Tops Q4 EPS by 25c; Offers FY23 Guidance
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February 17, 2023 5:38 AM EST
Cowen analyst Bryan Bergin downgraded EPAM Systems (NYSE: EPAM) from Outperform to Market Perform with a price target of $370.00 (from $390.00).
The analyst comments "We downgrade shares to Market Perform & reduce PT to $370 (26x CY24E P/E). EPAM's execution remains top tier, but... More
February 16, 2023 1:00 PM EST
Needham & Company analyst Mayank Tandon raised the price target on EPAM Systems (NYSE: EPAM) to $415.00 (from $400.00) while maintaining a Buy rating.
The analyst commented, "EPAM capped off a choppy FY22 on a solid note, generating 14.4% Y/Y constant currency... More
February 16, 2023 6:00 AM EST
EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced results for its fourth quarter and full year ended December 31, 2022.
"We are pleased to share the results of another year of strong financial performance. Despite the challenges brought on by the war, our global team of professionals worked tirelessly to adapt while maintaining the trust of our customers and creating a more diversified global footprint," said Arkadiy Dobkin, CEO & President, EPAM. "While the 2023 macro-environment remains uncertain, we are committed to accelerating our momentum while also ensuring... More
