Zacks Initiates Coverage of Innodata With Outperform Recommendation
INODInnodata(INOD) zacks.com·2024-05-17 22:01

Zacks Investment Research has recently initiated the coverage of Innodata Inc. (INOD) , assigning the stock an "Outperform" rating. This bullish stance reflects the company's strong position and promising growth prospects in the booming generative AI market. With a remarkable 41% jump in first-quarter 2024 revenues and a series of substantial contracts with leading tech giants, Innodata is poised to capitalize on the rapid advancements in AI technology. The generative AI sector, wherein Innodata is making s ...