Wedbush analyst Daniel Ives raised the firm’s price target on Innodata (INOD) to $90 from $75 and keeps an Outperform rating on the shares. The firm cites increased confidence in the Innodata growth path and its competitive positioning within the rapid growing/evolving data labeling industry as the company has considerably more opportunities to win incremental significant new business from its Big Tech/Hyperscaler customers following Meta‘s (META) recent investment in Scale AI.
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Read More on INOD:
- Innodata price target raised to $110 from $74 at BWS Financial
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