BWS Financial raised the firm’s price target on Innodata to $30 from $24 and keeps a Buy rating on the shares after revenue grew by approximately 66% from the year ago period in Q2. The firm had originally expected the business to grow at 40% in 2024, not 60%, and the higher growth rate and earnings Innodata could achieve in 2025 and 2026 drives the increased price target, the analyst tells investors.
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