Epam Systems, Inc. | EPAM

Daily Technical Analysis of Epam Systems, Inc.

Epam Systems had a rough day and is now down -7.99%. Investors weren't too impressed with the future outlook for the Application Software company which caused some selling on weak demand. It looks like EPAM may be interacting with a downward sloping Support line. It may find or support at this level or it's momentum can continue downward. In addition to being near an angled support line EPAM is near a weak support line. We'll see if it bounces off or heads lower. Momentum wise Epam Systems, hasn't been very high in either direction over the last 3 month. So hard to say what it will do here.

If the price bounces off of the support and moves up it'll probably head up to the $223.83 level, at which point it may hit some selling pressure. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.

Analyst Ratings for Epam Systems By Price Target And Rating

The analysts are pretty neutral on EPAM SYSTEMS right now, so not much useful information here. The current Analysts Sentiment Score is 4.25. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-04-22 Citigroup lowered their price target by -15.38% to $275.00. On 2024-04-10 there was confirmation of the previous rating by Wedbush which was Outperform and provided a price target of $340.00. HSBC decided to move down their price target on 2024-04-03 to $345.00 which is a -1.43% decrease. Morgan Stanley announced a lowering of their price target to $236.00 from $250.00 on 2024-03-22. Guggenheim initiated a rating of Buy on 2024-03-19 and they set their price target at $350.00.Piper Sandler reiterated a rating of Overweight on 2024-03-04 and added a price target of $369.00. On 2024-02-20 Barclays increased their price target by 3.28% to $315.00. On 2024-02-16 there was an upgrade provided by Scotiabank from Sector Perform to Sector Outperform and provided a price target boost 32.08% to $350.00 from $265.00. Susquehanna boosted their price targ by 20% to $360.00 on 2024-02-16. Mizuho gave a boost to their price target and moved to $345.00 from $340.00 on 2024-02-16.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for EPAM SYSTEMS

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for EPAM SYSTEMS

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.