Innodata price target raised to $110 from $74 at BWS Financial

BWS Financial raised the firm’s price target on Innodata (INOD) to $110 from $74 and keeps a Buy rating on the shares. The company at its AI summit stressed that enterprise adoption of artificial intelligence still in its early stages, particularly in enabling employees to effectively leverage the technology, the analyst tells investors in a research note. The firm says Innodata is positioned to benefit from the growth in enterprise spending as it broaden its customer base beyond typical technology companies.