EPAM Systems is presented as a buy despite a recent sell-off, trading under 1.8 times price to sales. The company is expected to post strong sales growth and is leveraging AI for software development, positioning itself in the growing $2.1 trillion enterprise IT services market.
“The $10 billion consulting and engineering services company is seeing new growth in AI and positioning for a $2.1 trillion enterprise IT services market. EPAM is leaning heavily into AI for software development from its orchestration platform to delivery and organizational platforms.”