Stifel Nicolaus Keeps Their Buy Rating on Epam Systems (EPAM)

In a report released today, David Grossman from Stifel Nicolaus maintained a Buy rating on Epam Systems (EPAM – Research Report), with a price target of $295.00. The company’s shares closed yesterday at $234.98.

Grossman covers the Technology sector, focusing on stocks such as Accenture, Epam Systems, and Infosys. According to TipRanks, Grossman has an average return of 7.5% and a 56.14% success rate on recommended stocks.

In addition to Stifel Nicolaus, Epam Systems also received a Buy from HSBC’s Phani Kanumuri in a report issued yesterday. However, on April 26, Barclays maintained a Hold rating on Epam Systems (NYSE: EPAM).

EPAM market cap is currently $13.61B and has a P/E ratio of 33.29.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EPAM in relation to earlier this year. Most recently, in March 2024, Sergey Yezhkov, the SVP of EPAM sold 8,000.00 shares for a total of $2,416,320.00.

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Epam Systems (EPAM) Company Description:

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.