Innodata (NASDAQ:INOD) Given New $80.00 Price Target at Wedbush

Innodata (NASDAQ:INOD) had its target price upped by Wedbush from $75.00 to $80.00 in a report released on Friday morning, Marketbeat reports. Wedbush currently has an outperform rating on the technology company’s stock.

INOD has been the topic of a number of other reports. BWS Financial reiterated a “top pick” rating and issued a $110.00 price objective on shares of Innodata in a research note on Friday, April 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Innodata in a research report on Friday, April 10th. Finally, Wall Street Zen raised Innodata from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.00.

Innodata Stock Up 85.7%

NASDAQ:INOD opened at $84.76 on Friday. The business’s fifty day moving average price is $42.73 and its 200 day moving average price is $52.37. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 76.36 and a beta of 2.40. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.07. Innodata has a 1-year low of $31.90 and a 1-year high of $93.85.

Innodata (NASDAQ:INOD) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.08 by $0.34. The business had revenue of $90.10 million for the quarter, compared to analysts’ expectations of $76.47 million. Innodata had a net margin of 13.86% and a return on equity of 40.50%. Innodata’s revenue was up 54.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 EPS. On average, sell-side analysts forecast that Innodata will post 0.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Innodata

Large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. acquired a new position in Innodata in the 4th quarter worth $26,000. Farther Finance Advisors LLC raised its stake in shares of Innodata by 506.0% in the 4th quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock valued at $41,000 after purchasing an additional 673 shares during the period. Fifth Third Bancorp acquired a new stake in shares of Innodata in the 1st quarter valued at about $45,000. Global Retirement Partners LLC bought a new stake in shares of Innodata in the third quarter valued at about $50,000. Finally, IFP Advisors Inc boosted its position in shares of Innodata by 1,567.5% during the third quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock worth $51,000 after buying an additional 627 shares during the period. Institutional investors own 30.75% of the company’s stock.

Trending Headlines about Innodata

Here are the key news stories impacting Innodata this week:

• Positive Sentiment: Innodata reported record Q1 2026 revenue of $90.1 million, up 54% year over year and well above estimates, while EPS of $0.42 also beat forecasts by a wide margin. Article: Innodata Reports Record First Quarter 2026 Results
• Positive Sentiment: The company raised its full-year 2026 revenue growth outlook to about 40% or more from roughly 35% or more, signaling that momentum is accelerating rather than slowing after the strong quarter. Article: Innodata Q1 Earnings & Revenues Top Estimates, 2026 Sales View Up
• Positive Sentiment: Management also highlighted new engagements with a Big Tech customer expected to generate about $51 million in 2026 revenue, reinforcing the view that AI-related demand is translating into real business. Article: Innodata Reports Record First Quarter 2026 Results
• Neutral Sentiment: Wedbush raised its price target to $80 and kept an Outperform rating, but that target is still below where the stock was trading, suggesting analysts may be catching up to the move rather than driving it. Article: Wedbush target raise
• Negative Sentiment: After such a rapid run-up, some coverage warned the stock may struggle to sustain gains if investors begin to doubt how long the earnings surge can last. Article: Innodata stock may fail to sustain post-earnings gains

Innodata Company Profile

Innodata Inc (NASDAQ: INOD) is a digital services and technology company that specializes in data engineering and artificial intelligence solutions. Founded in 1988 and headquartered in East Brunswick, New Jersey, the company provides structured content and digital transformation services to publishers, media companies, legal and compliance organizations, and other information-intensive industries. Innodata’s platform enables clients to convert unstructured text, images and multimedia into high?quality, machine?readable formats that support search, analytics and AI model training.

The firm’s offerings include content enrichment, metadata management, taxonomy development, digital asset management and data annotation services.