Innodata Inc (INOD) PT Raised to $74 at BWS Financial

BWS Financial analyst Hamed Khorsand raised the price target on Innodata Inc (NASDAQ: INOD) to $74.00 (from $45.00) while maintaining a Buy rating.

The analyst commented, "Company reported better than expected fourth quarter results even after backing out one-time project revenue of $3 million. Furthermore, INOD has set 2025 revenue to grow by at least 40 percent. This is much higher than we were expecting, especially as the initial guidance for the year. We believe the investment in hiring more people should result in INOD being awarded more projects. With INOD now poised to exceed $300 million in revenue in 2026 we are raising our price target to $74 from $45."

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