Stock Track | EPAM Systems Soars on Earnings Beat, Analyst Upgrades

Stock Track11-11

Shares of EPAM Systems Inc (NYSE: EPAM) surged 5.08% on November 11th, 2024, following the company's latest quarterly earnings report and positive analyst actions.

EPAM delivered a solid earnings beat for Q4 2024, with earnings per share coming in at $2.37, a 32% surprise over analyst estimates. The company also raised its revenue and earnings guidance for 2025, boosting investor confidence in its growth trajectory.

Adding to the positive sentiment, Scotiabank analyst Divya Goyal upgraded EPAM Systems to Outperform from Sector Perform, citing the company's strong fundamentals and growth prospects. The analyst also raised the price target to $275, implying further upside potential.

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