William Blair analyst Maggie Nolan has maintained their bullish stance on EPAM stock, giving a Buy rating today.
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Maggie Nolan’s rating is based on EPAM Systems’ strong performance in the first quarter, which exceeded expectations despite a challenging macroeconomic environment. The company demonstrated better-than-expected organic growth, improved execution, and high-quality delivery, with notable momentum in AI initiatives.
Furthermore, EPAM has shown consistent positive year-over-year organic growth for two consecutive quarters, and management anticipates this trend will continue throughout the year. The company’s revenue guidance has been adjusted upwards, reflecting favorable foreign exchange impacts and improved organic growth. Additionally, the upcoming leadership transition, with Balazs Fejes taking over as CEO, is expected to support continued strategic execution and growth.
In another report released today, Mizuho Securities also reiterated a Buy rating on the stock with a $218.00 price target.
Based on the recent corporate insider activity of 49 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.