Deutsche Bank analysts believe that EPAM’s strong performance in the digital transformation space is a key driver of future growth. **Key Points:**

* **Analyst Coverage:** Deutsche Bank initiated coverage on EPAM Systems. * **Rating:** Deutsche Bank assigned a “hold” rating to EPAM Systems. * **Target Price:** Deutsche Bank set a $204.00 target price for the stock. * **Analyst Opinion:** Deutsche Bank analysts believe EPAM’s digital transformation expertise is a key driver of future growth.

The company’s stock has been performing well in the past year, with a 1-year return of 18.5%. This performance is attributed to several factors, including strong revenue growth, a focus on innovation, and a commitment to customer satisfaction. EPAM’s revenue growth has been particularly impressive, with the company reporting a 17% year-over-year revenue growth in the most recent quarter. This growth is driven by a combination of factors, including the increasing demand for digital transformation services, the expansion of its global footprint, and the successful integration of acquisitions.

* **Share Buyback Program:** EPAM Systems has approved a $500 million share buyback program. * **Repurchase Authorization:** The program allows the company to repurchase up to 4.3% of its outstanding shares. * **Open Market Purchases:** The buyback will be conducted through open market purchases. * **Undervalued Shares:** The program is a signal that the company’s board believes its shares are undervalued. * **Potential Benefits:** Share buybacks can benefit shareholders by increasing the value of their holdings. **Detailed Explanation:**

Share buyback programs are a strategic tool used by companies to increase shareholder value.