Citigroup Analyst Downgrades EPAM Systems to Neutral


On June 6, 2023, Citigroup analyst Ashwin Shirvaikar made a significant move by downgrading EPAM Systems (NYSE:EPAM) from Buy to Neutral. Shirvaikar also lowered the price target from $310 to $220, which is a considerable drop. Interestingly, the average one-year price target for EPAM Systems stands at $330.45, with a high forecast of $410.00 and a low forecast of $223.00. This data is based on the projections of 52 analysts who have offered their price forecasts for the company. The median target for EPAM Systems is $442.35, with a high estimate of $824.00 and a low estimate of $223.00.

Price Target

Current $203.25

Concensus $448.45

Low $275.00

Median $410.00

High $750.00

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Social Sentiments

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Analyst Ratings

Analyst / firm Rating
Mayank Tandon
James Friedman Friedman
David Grossman
Stifel Nicolaus
Moshe Katri
Arvind Ramnani
Piper Sandler

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EPAM Systems Inc. Opens at a Significant Drop on June 6, 2023 with Strong Revenue Growth and Profitability

On June 6, 2023, EPAM Systems Inc. (EPAM) opened at $216.74, a significant drop from its previous close of $259.65. The day’s range for EPAM was between $202.73 and $216.54, with a volume of 19,408 shares traded.

EPAM’s market capitalization is $15.0B, with a P/E ratio of 35.6. The company’s price/sales ratio is 4.02, and the price/book ratio is 4.99.

EPAM operates in the technology services sector and the information technology services industry. The company’s corporate headquarters are located in Newtown, Pennsylvania.

EPAM’s next reporting date is August 3, 2023, and the company is expected to report earnings per share of $2.36 for this quarter. The company’s annual revenue for the last year was $4.8B, with an annual profit of $419.4M.

In conclusion, EPAM’s strong revenue growth and profitability indicate that it is well-positioned for future growth.

EPAM Systems Inc (EPAM) Median Target Price Forecasted to Increase by 35.30% by 2023

On June 6, 2023, Epam Systems Inc (EPAM) had a median target price of $275.00, according to 13 analysts offering 12-month price forecasts. The high estimate was $410.20, and the low estimate was $215.00. This median estimate represented a significant increase of +35.30% from the last price of $203.25.


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