Epam Systems (EPAM) Received its Third Buy in a Row

After Citigroup and Needham gave Epam Systems (NYSE: EPAM) a Buy rating last month, the company received another Buy, this time from Wells Fargo. Analyst Edward Caso maintained a Buy rating on Epam Systems today. The company’s shares closed last Monday at $197.14.

According to TipRanks.com, Caso is a 4-star analyst with an average return of 3.9% and a 56.5% success rate. Caso covers the Technology sector, focusing on stocks such as International Business Machines, DXC Technology Company, and Science Applications.

Currently, the analyst consensus on Epam Systems is a Strong Buy with an average price target of $242.00, implying a 25.4% upside from current levels. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $230.00 price target.

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Epam Systems’ market cap is currently $10.89B and has a P/E ratio of 42.40. The company has a Price to Book ratio of 7.90.

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EPAM Systems, Inc. engages in the provision of software product development and digital platform engineering services. The firm’s services include product research, customer experience design, and prototyping. It operates through the following segments: North America, Europe, and Russia. The company was founded by Leonid Lozner and Arkadiy Dobkin in 1993 and is headquartered in Newtown, PA.

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