
Innodata (INOD) Stock Forecast & Price Target
Innodata (INOD) Analyst Ratings
Bulls say
Innodata Inc. is projected to experience a significant revenue increase of at least 45 percent, driven by its existing contracts and an anticipated 26 percent revenue growth by 2026. The company is expanding its customer base beyond traditional technology companies, which positions it favorably to benefit from rising enterprise spending and enhanced revenue in future quarters. Additionally, with strong performance in the third quarter and increasing traction from enterprise customers, coupled with potential shifts in the market due to client dynamics, Innodata shows promising prospects for continued growth.
Bears say
Innodata Inc has experienced investor anxiety due to competitive pressures highlighted by Meta Platforms' investment in Scale AI, which may negatively impact Innodata's market share and growth prospects in the AI data services sector. Despite reporting third-quarter revenue of $62.6 million, exceeding initial estimates of $59.5 million, the company's overall financial metrics may not be sufficient to instill confidence given the increasing competition and industry dynamics. These external pressures combined with uncertain market conditions could dampen future performance expectations for Innodata's stock.
This aggregate rating is based on analysts' research of Innodata and is not a guaranteed prediction by Public.com or investment advice.
Innodata (INOD) Analyst Forecast & Price Prediction
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