Highly rated tech outsourcer Epam Systems (EPAM) hit new high territory on the stock market today, breaking out of a base. Epam has a highest-possible IBD Composite Rating of 99, meaning its shares outperform 99% of all stocks in the market as measured by fundamental and technical factors. Some of those factors are earnings and sales growth, profit margins, return on equity and relative price performance. The stock is currently on the IBD 50,
Epam Systems (EPAM) is well positioned to continue to capitalize on the growing global information technology service market. That’s the view of Jefferies analyst Jason Kupferberg, who initiated coverage on the technology outsourcing service company Thursday with a buy rating and a price target of 62. Epam stock was up 5% in midday trading in the stock market today, near 51.50. Epam stock is up more than 45% for the year and touched an all-time
Epam Systems’ growth could be faster than expected next year, Moshe Katri, an analyst for Cowen & Co., said in a research note Monday, hiking his price target on Epam stock to 60 from 50. Katri rates Epam Systems (EPAM) stock outperform, or buy. Epam stock, though, was down 1% in morning trading in the stock market today, near 49, after earlier coming within a penny of its all-time high of 50. Epam stock is up 40% this year and is No. 19 on the