Wall Street Analysts Believe Epam (EPAM) Could Rally 26.37%: Here's is How to Trade

Core Viewpoint - EPAM (EPAM) has shown a 7.3% gain over the past four weeks, with a mean price target of $214.14 indicating a potential upside of 26.4% from the current price of $169.46 [1] Price Target Analysis - The mean estimate consists of 14 short-term price targets with a standard deviation of $20.95, suggesting variability in analyst predictions. The lowest estimate is $171.00 (0.9% increase), while the highest is $246.00 (45.2% increase) [2] - A low standard deviation among price targets indicates strong agreement among analysts regarding the stock's price movement direction, which can serve as a starting point for further research [7] Earnings Estimates and Analyst Sentiment - There is increasing optimism among analysts about EPAM's earnings prospects, as evidenced by a positive trend in earnings estimate revisions. This trend has shown a strong correlation with near-term stock price movements [9] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 2.8%, with six estimates moving higher and no negative revisions [10] Zacks Rank and Investment Potential - EPAM currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating a strong potential for upside in the near term [11] - While the consensus price target may not be a reliable indicator of the extent of potential gains, it does provide a useful guide for the direction of price movement [12]