Innodata Inc. (NASDAQ:INOD) tops our list of the best-performing mid-cap tech stocks in the last three years. On October 8, Craig-Hallum’s Chase Knickerbocker reiterated a Buy rating on the stock. While no updated price target was disclosed, his stance seems to show ongoing confidence in Innodata’s AI-first strategy and growth trajectory.
Just three weeks prior, on September 18, Wedbush analyst Daniel Ives boosted his price target from $58 to $75, maintaining an Outperform rating.
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The company’s recognition by Wedbush Securities as one of the 30 firms defining the future of AI further boosted visibility, framing Innodata as a small but indispensable cog in the broader AI ecosystem. Innodata Inc. (NASDAQ:INOD), headquartered in Ridgefield Park, New Jersey, now sits squarely at the intersection of enterprise data engineering and applied AI, a spot investors increasingly view as high ground in the generative boom.
While we acknowledge the potential of INOD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.