In a report released today, Chase Knickerbocker from Craig-Hallum maintained a Buy rating on Innodata. The company’s shares closed yesterday at $87.46.
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According to TipRanks, Knickerbocker is a 5-star analyst with an average return of 28.1% and a 62.14% success rate. Knickerbocker covers the Healthcare sector, focusing on stocks such as Harrow Health, MiMedx Group, and Celcuity.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Innodata with a $68.25 average price target.
Based on Innodata’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $58.39 million and a net profit of $7.22 million. In comparison, last year the company earned a revenue of $32.55 million and had a GAAP net loss of $14 thousand
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- Innodata: Strong Buy Rating Amidst AI Market Growth and Robust Financial Health
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