William Blair Retains Buy Rating on EPAM Systems Following Q2 FY2025 Results

EPAM Systems, Inc. (NYSE:EPAM) is one of the Best Affordable AI Stocks to Buy. On August 7, William Blair retained its Buy rating on EPAM Systems, Inc. (NYSE:EPAM), with no price target on the stock.

Maggie Nolan from William Blair kept her Buy rating on EPAM following strong Q2 FY2025 financial performance and strategic initiatives. The company posted revenue of around $1.35 billion, growing 18% year-over-year and exceeding estimates by $20.09 million. EPAM achieved its third consecutive quarter of positive organic growth during Q2, with a 5.3% organic revenue growth from a year ago. The company is expanding its market-leading position as an AI-native transformation company. With its AI-native revenue rising in double digits sequentially, Nolan believes that this will help EPAM secure new business opportunities.

William Blair Retains Buy Rating on EPAM Systems Following Q2 FY2025 Results

A close-up of a digital cloud, signifying the expansive reach of the software-as-a-service solution.

The analyst is also optimistic about EPAM as the company expects its FY2025 year-over-year growth rate to be in the range of 13-15%. Whereas organic revenue is projected to grow between 3-5% in 2025. The positive outlook is backed by EPAM’s continued organic growth and above-consensus guidance for Q3 FY2025.

EPAM Systems, Inc. (NYSE:EPAM) is a provider of digital engineering, cloud, and AI-enabled transformation services. EPAM is also a business and experience consulting partner for international enterprises.

While we acknowledge the potential of EPAM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than EPAM and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.