Wedbush raised the firm’s price target on Innodata (INOD) to $80 from $75 and keeps an Outperform rating on the shares. The firm notes Innodata delivered strong Q1 results which featured massive beats across the board while raising FY26 revenue guidance growth to 40%-plus year-over-year that should be viewed positively by the Street as the company continues to capitalize on the significant demand for its AI solutions. Wedbush continues to believe the company is well-positioned to be an AI winner and remains on the IVES AI 30 list.
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