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 $150.55, close to its 52-week high of $154.12.
Foresi wrote:
“. We maintain our Overweight rating and $146 price target on EPAM.* EPAM reported steady 4Q18 results and issued 2019 constant currency (cc) growth guidance of at least 23%. Financial Services vertical revenue growth was over 17.0% y/y. We look to the call for performance of the largest client and financial services, sustainability of digital growth, and an update on the European demand environment.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 19.9% and a 85.9% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.
Currently, the analyst consensus on Epam Systems Inc is a Strong Buy with an average price target of $153.40, which is a 1.9% upside from current levels. In a report issued on February 11, KeyBanc also maintained a Buy rating on the stock with a $164 price target.
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The company has a one-year high of $154.12 and a one-year low of $104.77. Currently, Epam Systems Inc has an average volume of 310.2K.
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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.
