
Innodata (INOD) Stock Forecast & Price Target
Innodata (INOD) Analyst Ratings
Bulls say
Innodata Inc. is positioned for substantial revenue growth, forecasting at least a 45 percent increase driven by existing contracts and a projected 26 percent rise in revenue by 2026. The company’s strategic expansion beyond traditional technology firms is expected to diversify its customer base, further enhancing its revenue potential in upcoming quarters. Additionally, recent performance indicators, including third-quarter results that exceeded estimates and increased enterprise interest in Innodata’s services, underscore the company's capacity to capture additional market share and sustain growth.
Bears say
Innodata Inc. has faced increased investor anxiety stemming from news reports regarding Meta Platforms' investment in Scale AI, which may adversely affect Innodata's market positioning in the competitive data engineering sector. Although the company reported third-quarter revenues of $62.6 million, exceeding estimates of $59.5 million, this performance may not sufficiently alleviate concerns regarding its long-term growth prospects amidst competitive pressures. The potential implications of industry shifts and the company's ability to maintain market relevance contribute to a negative outlook on 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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