Jefferies Reiterates Buy on EPAM Systems (EPAM) After Meeting with Management

Jefferies reiterated a Buy rating and $84.00 price target on EPAM Systems (NYSE: EPAM) after meeting with management. EPAM's business does not appear to have been impacted by recent volatility and uncertainty in financial markets and the macro environment.

Analyst Jason Kupferberg commented, "We hosted meetings with EPAM's CEO. Key takeaways: 1) recent macro volatility hasn't had a material impact, 2) medium-term guidance of 20-25% revenue CAGR is safe, 3) EPAM continues to provide clients with differentiated solutions mostly centered on attractive digital and product development markets. Maintain Buy."

For an analyst ratings summary and ratings history on EPAM Systems click here. For more ratings news on EPAM Systems click here.

Shares of EPAM Systems closed at $72.48 yesterday.

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