Innodata Q1 Revenue Up 54% to $90.1M; Price Target Raised to $120
INOD•Led by a 54% surge in Q1 revenue to $90.1 million and earnings of $0.42 per share, Innodata’s shares have extended gains into a second consecutive week. Wedbush raised its price target to $120 from $100, citing growing demand for AI data preparation and model-training services.
1. Wedbush Revises Price Target
Wedbush boosted its price target on Innodata shares to $120 from $100 while affirming an Outperform rating, reflecting growing confidence in sustained demand for the company’s AI data services.
2. Robust Q1 Financial Results
Innodata reported Q1 revenue of $90.1 million, up 54% year-over-year, and delivered earnings of $0.42 per share, comfortably outpacing prior guidance and analyst estimates.
3. Strategic Position in AI Ecosystem
The company’s capabilities in data preparation, annotation and model-training support have positioned it as a key partner for tech firms developing advanced AI models, driving a second week of share gains.
