BWS Financial Names Innodata Top Pick, Sees Expanding AI-Driven Revenue Opportunities

Core Viewpoint - BWS Financial upgraded Innodata from Buy to Top Pick with a price target of $110, highlighting an expanding set of revenue catalysts leading into 2026 [1] Group 1: Revenue Opportunities - Innodata is entering 2026 with a broad range of revenue opportunities, driven by increasing demand from large language model developers for data-set training services [1] - The company secured a government contract in Q4 2025, which is expected to contribute significantly to revenue growth in 2026 [2] - Innodata announced $68 million in pre-training deals during its most recent earnings call, reinforcing a positive outlook for future revenue [3] Group 2: Market Position and Growth Concerns - BWS noted that investor concerns regarding a potential decline in revenue growth have been a key overhang on the stock, but the demand for data sets is likely to expand as AI applications evolve [2]