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Innodata ( (INOD) ) has issued an announcement.
Innodata Inc. announced that both the U.S. Department of Justice and the Securities and Exchange Commission have closed their investigations into the company without recommending any enforcement actions. These investigations were related to a class action lawsuit concerning Innodata’s previous public statements about its artificial intelligence capabilities. The company sees this as a favorable outcome and plans to continue defending itself in the ongoing Securities Class Action lawsuit, for which a motion to dismiss was filed on March 7, 2025.
The most recent analyst rating on (INOD) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on Innodata stock, see the INOD Stock Forecast page.
Spark’s Take on INOD Stock
According to Spark, TipRanks’ AI Analyst, INOD is a Outperform.
Innodata’s strong financial performance and positive earnings call guidance are the primary drivers of its score, indicating robust growth potential. Technical analysis supports bullish momentum, though valuation concerns slightly temper the outlook. Overall, the company is well-positioned for growth, especially in AI-driven initiatives, but investors should watch for valuation risks and potential revenue volatility.
To see Spark’s full report on INOD stock, click here.
More about Innodata
Average Trading Volume: 1,995,305
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.41B
See more insights into INOD stock on TipRanks’ Stock Analysis page.