Why Innodata Stock Crushed It Today

Core Insights - The stock of Innodata experienced a significant increase of over 9%, driven by a positive analyst update [1] - Dan Ives of Wedbush raised his price target for Innodata to $90 per share, a 20% increase from the previous target of $75, while maintaining a buy recommendation [2] - Ives' optimism is based on Innodata's potential in the data-labeling sector and its ability to attract new business from large tech companies and hyperscalers [3] - Other analysts, such as Hamed Khorsand from BWS Financial, have also raised their price targets for Innodata, with Khorsand increasing it to $110 per share from $74, while also keeping a buy recommendation [4]