Why Innodata Stock Lost 23% in November
Shares of Innodata (NASDAQ: INOD), an AI stock focused on data-labeling, were pulling back last month as the stock reacted to concerns about the AI bubble bursting and an underwhelming earnings report.
As a result, the stock finished the month down 23%, according to data from S&P Global Market Intelligence. As you can see from the chart below, most of the stock's losses came in the first half of the month, which included its earnings report.
Source Fool.com
Innodata Inc. Stock
€34.30
3.310%
With 11 Buy predictions and not the single Sell prediction the community is currently very high on Innodata Inc..
Based on the current price of 34.3 € the target price of 92 € shows a potential of 168.22% for Innodata Inc. which would more than double the current price.
