Innodata ( (INOD) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Innodata’s stock has been experiencing unusual movements due to growing optimism about its future prospects in the data labeling industry. Analysts have raised their price targets, with Wedbush setting it at $90 and BWS Financial at $110, driven by the company’s potential to attract new business from major tech firms like Meta.
More about Innodata
YTD Price Performance: 91.97%
Average Trading Volume: 2,473,967
Technical Sentiment Signal: Buy
Current Market Cap: $2.6B
For further insights into INOD stock on TipRanks’ Stock Analysis page.
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