​Innodata Inc (INOD) Receives a New Contract

​Innodata Inc. (NASDAQ:INOD) is one of the Best Small Cap Stocks Ready to Explode in 2026. On January 20, Innodata Inc. (NASDAQ:INOD) announced receiving a contract for the US Missile Defense Agency’s Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) indefinite-delivery/indefinite-quantity (IDIQ) contract. Management noted that this contract enables the company to bid on future task orders related to research, development, prototyping, engineering, and more. ​That said, on January 5, BWS Financial reiterated a Buy rating on the stock with a $110 price target. BWS named Innodata Inc. (NASDAQ:INOD) as one of its top picks for 2026, driven by catalysts driving revenue growth throughout the year. The firm highlighted that the company entered the fiscal Q4 2025 with a government contract. This contract is expected to boost revenue for the company by year-end 2026. The analysts from BWS noted that as the AI landscape continues to grow, the use cases for data sets are only expected to advance further. Innodata Inc. (NASDAQ:INOD) is a New Jersey–based data engineering and AI services company that builds and operates AI and data solutions for leading global technology companies and large enterprises. 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. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.