Why Innodata Stock Skyrocketed Higher Today
Shares of AI-focused, global data engineering upstart (NASDAQ: INOD) rallied 16% higher as of noon ET on Monday. This morning, investment firm BWS Financial named Innodata one of its "top picks" for 2026 thanks to the company's AI potential. In addition to raising its rating from "buy" to "top pick," BWS set a $110 price target on Innodata stock, implying nearly 80% upside -- even after today's run.
Innodata is a "picks and shovels" play to the AI and Generative AI industries. The company acts as a consultant for both AI builders and AI adopters, whether it helps train large language models (LLMs) or implement agentic AI capabilities. With LLMs, for example, Innodata provides data engineering services to:
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Source Fool.com
Innodata Inc. Stock
Innodata Inc. is currently one of the favorites of our community with 10 Buy predictions and no Sell predictions.
With a target price of 84 € there is potential for a 123.64% increase which would mean more than doubling the current price of 37.56 € for Innodata Inc..
