In a report released today, Joseph Foresi from Cantor Fitzgerald maintained a Buy rating on Epam Systems Inc (EPAM), with a price target of $146. The company’s shares opened today at $139.27, close to its 52-week high of $144.19.
Foresi noted:
“: We continue our bi-weekly Fundamentals and Charts series, in which we look at our coverage universe periodically for an opportunity in names where the Fundamentals match up with the Technicals. We look this week at Overweight-rated EPAM with a 12-month price target of $146. Fundamentally, we believe the risk/reward is appealing at present levels given the valuation of EPAM and growth rate compared to other Digital businesses. Technically, EPAM is back on track in its long-term uptrend.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 17.5% and a 74.5% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.
Epam Systems Inc has an analyst consensus of Moderate Buy, with a price target consensus of $141.33.
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Epam Systems Inc’s market cap is currently $7.52B and has a P/E ratio of 53.48. The company has a Price to Book ratio of 6.29.
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EPAM Systems, Inc. provides software product engineering, technology consulting and digital expertise to clients. It focuses on partnerships with clients in industries such as software and high technology, financial services, media and entertainment, travel and hospitality, retail, energy, life sciences, healthcare, telecommunications and government.
