Zacks Initiates Coverage of Innodata With Outperform Recommendation

Zacks Investment Research has recently initiated the coverage of Innodata Inc. (INOD) , assigning the stock an "Outperform" rating. This bullish stance reflects the company's strong position and promising growth prospects in the booming generative AI market.With a remarkable 41% jump in first-quarter 2024 revenues and a series of substantial contracts with leading tech giants, Innodata is poised to capitalize on the rapid advancements in AI technology.The generative AI sector, wherein Innodata is making sig ...