Stock of the Day

June 12, 2023

EPAM Systems (EPAM)

$88.64
+$0.97 (+1.1%)
Market Cap: $4.58B

About EPAM Systems

EPAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services. It also provides operation solutions comprising integrated engineering practices and smart automation services. In addition, the company offers business, experience, technology, data, and technical advisory consulting services; and digital and service design solutions, which comprise strategy, design, creative, and program management services, as well as physical product development, such as artificial intelligence, robotics, and virtual reality. The company serves the financial services, travel and consumer, software and hi-tech, business information and media, life sciences and healthcare, and other industries EPAM Systems, Inc. was founded in 1993 and is headquartered in Newtown, Pennsylvania.

Today's Trend

EPAM Systems, Inc. (NYSE: EPAM) is getting a lift from a mix of positive business developments and brighter earnings expectations. The biggest catalyst is a new multi-year partnership with Anthropic to accelerate secure enterprise AI adoption, which should strengthen EPAM’s positioning in high-demand GenAI consulting and engineering services.

  • EPAM announced a multi-year partnership with Anthropic to build secure, enterprise-grade GenAI solutions using Claude models, Claude Code, and the Agent SDK, a sign the company is expanding into a fast-growing AI services market. EPAM Systems (EPAM), Anthropic Forge Multi-Year Partnership to Accelerate Enterprise AI Transformation
  • Zacks Research raised earnings estimates across several future periods, including FY2026, FY2027, and FY2028, suggesting analysts see improving profitability and a stronger medium-term outlook for EPAM.
  • One Zacks update trimmed Q2 2026 EPS slightly, but the change was modest and was outweighed by multiple upward revisions elsewhere.
  • A separate Yahoo Finance piece asked whether EPAM’s possible exit from the S&P 500 changes its governance and competitive positioning, but it did not provide a clear new corporate action or earnings-related update. Does EPAM (EPAM) Leaving the S&P 500 Recast Its Governance and Competitive Positioning?

Overall, EPAM Systems stock appears to be moving higher on optimism around its AI partnership strategy and improved earnings forecasts, which reinforce the case for a recovery in future growth and margins.

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