Why EPAM Systems Rallied Today
Shares of IT consultant EPAM Systems (NYSE: EPAM) rallied 15.5% on Thursday, as of 3:41 p.m. ET.
EPAM is a unique IT services firm, which prior to the Russian invasion of Ukraine had a lot of workers in Ukraine, Belarus, and Russia. Thus, the pivoting of the business away from Russia has been painful for the last two years, with EPAM's growth dipping into negative territory in 2023 and early 2024. However, this morning's earnings call seemed to show things may finally be turning the corner.
That gives EPAM a very interesting setup heading into 2025.
Source Fool.com
Epam Systems Inc. Stock
€89.78
-3.880%
With 21 Buy predictions and not a single Sell prediction Epam Systems Inc. is an absolute favorite of our community.
As a result the target price of 165 € shows a very positive potential of 83.78% compared to the current price of 89.78 € for Epam Systems Inc..
