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Guggenheim Sticks to Their Buy Rating for Epam Systems (EPAM)
In a report released yesterday, from Guggenheim maintained a Buy rating on Epam Systems, with a price target of $225.00. The company’s shares closed yesterday at $135.81.
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In addition to Guggenheim, Epam Systems also received a Buy from Wells Fargo’s Jason Kupferberg in a report issued today. However, on the same day, Morgan Stanley maintained a Hold rating on Epam Systems (NYSE: EPAM).
Based on Epam Systems’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.41 billion and a net profit of $109.35 million. In comparison, last year the company earned a revenue of $1.25 billion and had a net profit of $103.3 million
Read More on EPAM:
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- EPAM Systems Showcases AI-Native Enterprise Transformation Strategy
- EPAM Systems: Investor Day as a Catalyst to Rebuild Confidence and Support Buy-Rated Long-Term Growth Story
- Epam Systems announces $300M accelerated share repurchase program
- EPAM Systems Announces $300 Million Share Repurchase Agreement
- Epam Systems price target lowered to $220 from $243 at TD Cowen
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