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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INOD:
- Innodata price target raised to $110 from $74 at BWS Financial
- Innodata: Strong Buy Rating Amidst AI Market Growth and Robust Financial Health