Innodata Pops After Analyst Sets $140 Price Target Amid AI Data Surge
Innodata Inc. shares jumped Tuesday, with traders rotating into one of the more volatile AI data stocks. The Nasdaq-listed name was last at $110.97, up $11.31, or 11.3%. The day’s range ran from $98.12 to $113.73, putting market cap around $3.96 billion. Google Finance showed a 52-week range from $34.23 up to $125.14, bringing Innodata closer to its recent peak. Its beta stood at 2.83, a sign of how much INOD can swing. Renewed analyst calls gave Innodata a push Monday. BWS Financial lifted its price target to $140 from $110, keeping Innodata as a “top pick,” MarketBeat said, citing Benzinga. Wedbush also bumped its target up to $120 from $100 and stayed at Outperform. Analysts set price targets to show where they think a stock might trade in the next 12 months. For growth names like INOD, a higher target after this year’s rally gives investors something new to chase.
