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Innodata Inc (INOD) shares recently surpassed the average analyst 12-month target price of $41.00, currently trading at $43.01. The movement prompts analysts to reconsider their target prices, with one analyst setting a target as low as $38.00 and another as high as $45.00, indicating a standard deviation of $3.605.
Analyst ratings for INOD show three strong buy ratings and one buy rating, resulting in an average rating of 1.25 on a scale where 1 is a strong buy and 5 is a strong sell. This average rating has slightly improved from 1.33 over the past three months.
Investors are encouraged to assess whether the stock has more potential for growth or if valuations are too inflated, prompting a decision on whether to maintain or adjust their positions.
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