Wall Street Remains Bullish on Innodata (INOD)

Innodata Inc. (NASDAQ:INOD) is one of the Best Small Cap Tech Stocks To Buy Right Now. Wall Street is bullish on the stock despite the share price falling more than 30% since its Q2 2025 report. The share of Innodata Inc. (NASDAQ:INOD) is falling despite the company posting above-expectation results during the second quarter. The company posted a revenue of $58.39 million, up 79.38% and ahead of expectations by $2.04 million. The EPS of $0.20 also exceeded consensus by $0.09.

Several analysts have given bullish ratings on the stock. On August 1, Hamed Khorsand from BWS Financial maintained a Buy rating on Innodata Inc. (NASDAQ:INOD) with a price target of $74. The analyst noted that the market has been concerned about reduced spending from the company’s top customers, which form a substantial part of its revenue. However, despite these concerns, the company topped Wall Street estimates.

Khorsand also pointed out the rising AI investments, which help Innodata Inc. (NASDAQ:INOD) leverage its ties with big tech clients. He believes this could lead to more revenue growth. Moreover, later on August 2, Allen Klee from Maxim Group also reiterated a Buy rating on Innodata Inc. (NASDAQ:INOD) with a price target of $75. He noted that while there are concerns regarding the sustainability of the company’s big client revenues, management remains confident as they raised the FY2025 guidance during the second quarter.

Innodata Inc. (NASDAQ:INOD) is a global data engineering company that supports AI development by preparing and annotating training data and deploying AI models.

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Disclosure: None. This article is originally published at Insider Monkey.