Innodata price target raised to $75 from $54 at Maxim

Maxim raised the firm’s price target on Innodata (INOD) to $75 from $54 and keeps a Buy rating on the shares. The firm cites the company’s Q4 earnings beat and above-consensus FY25 guidance, also noting that Innodata should benefit from multi-year demand for supplying quality data engineering to LLM model building and maintenance, the analyst tells investors in a research note. Growth is expected from big tech companies, enterprises, industry-specific models, and business in federal agencies, public relations and healthcare, Maxim adds.