Innodata price target raised to $100 from $80 at Wedbush

Wedbush raised the firm’s price target on Innodata (INOD) to $100 from $80 to reflect a higher multiple as the firm gains increased confidence in the company’s runway ahead following its monster Q1 results and outlook. Wedbush continues to believe the company is well-positioned to be a clear AI winner and keeps an Outperform rating on the shares.