Innodata Inc. (NASDAQ:INOD) is one of the Fast-Growing Small Cap Stocks to Buy According to Analysts. On November 11, BWS Financial analyst Hamed Khorsand maintained a Buy rating on Innodata Inc. (NASDAQ:INOD) with a price target of $110. Earlier on November 7, George Sutton from Craig-Hallum had also maintained a Buy rating on the stock with a price target of $80.
The reiterated positive outlook follows the company’s fiscal Q3 2025 results, announced on November 6. The company grew its revenue by 19.77% to $62.55 million, surpassing estimates by $2.77 million. Moreover, the EPS of $0.24 also topped the consensus by $0.10. Management attributed the growth in revenue and increased profitability to its strategic focus on deepening its relationship with high-dollar value leading tech companies and AI innovation labs.
Notably, management highlighted optimism for further growth in 2026 by announcing verbal confirmations of deal expansion with its largest customer, which could potentially result in substantial revenue. It also announced another verbal confirmation of a deal with another big tech, which could result in $6.5 million annualized revenue run rate.
Hamed Khorsand of BWS Financial noted that the Q3 results depict the company’s ability to broaden its customer base effectively. He highlighted that the existing contracts of the company are expected to drive further revenue growth of at least 45%. Khorsand anticipates a 26% increase in 2026 revenue, considering the current growth trajectory of the company.
Innodata Inc. (NASDAQ:INOD) is a global data engineering company that provides services and platforms for AI data preparation, annotation, transformation, and model deployment.
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Disclosure: None. This article is originally published at Insider Monkey.