Maxim Group analyst Allen Klee has reiterated their bullish stance on INOD stock, giving a Buy rating today.
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Allen Klee has given his Buy rating due to a combination of factors including Innodata’s impressive financial performance and strategic positioning in the AI and data engineering market. The company reported a significant increase in revenue and EBITDA, surpassing both Klee’s estimates and market consensus, with a 20% year-over-year revenue growth that was entirely organic.
Furthermore, Innodata is poised for continued growth with its strong cash position, no debt, and a substantial line of credit, enabling it to fund organic expansion. The company’s management has maintained a robust revenue growth guidance for 2025, and there is potential for substantial new business, including a significant expansion with its largest customer. These factors, combined with Innodata’s strategic focus on high-demand areas such as large language models and generative AI, underpin Klee’s positive outlook and Buy rating.
According to TipRanks, Klee is an analyst with an average return of -10.2% and a 32.66% success rate. Klee covers the Technology sector, focusing on stocks such as Research Solutions, Roadzen Inc, and T Stamp, Inc. Class A.
In another report released today, TR | OpenAI – 4o also upgraded the stock to a Buy with a $67.00 price target.