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Summary of Innodata’s Growth Amid AI Expansion
Innodata Inc. (NASDAQ: INOD), specializing in data analytics and annotation for AI, is projected to see its stock price increase by approximately 68% over the next twelve months, reaching an average target of $93.75. The company has experienced immense growth, with revenue expanding from $56 million in 2019 to an anticipated $171 million in 2024, at a CAGR of 25%. Analysts also predict significant revenue growth of 46% to $249 million in 2025 and a further rise to $311 million in 2026.
Founded in 1988, Innodata initially struggled to gain traction until it launched AI-specific services in 2018. The company is now trusted by several major tech firms within the “Magnificent Seven,” highlighting its key role in preparing data for AI applications. Its adjusted EBITDA is expected to grow substantially, moving from $35 million in 2024 to $53 million in 2025, representing a 53% increase.
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