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Fly News Breaks for February 20, 2018
EPAM
Feb 20, 2018 | 07:59 EDT
Needham analyst Mayank Tandon raised his price target on Epam Systems to $130 after Q4 results that showed "impressive revenue trends" driven by growth in all verticals and regions. Tandon adds that the company's affirmed outlook of generating "at least 20% organic revenue growth for the foreseeable future" was particularly impressive, while the valuation based on the FY19 EPS estimate sets up a "favorable" risk reward. The analyst keeps his Buy rating on Epam Systems.
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