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Why Innodata Stock Skyrocketed 149% in May

TheMotleyFool 
0 0 02.06.26
Why Innodata Stock Skyrocketed 149% in May: https://g.foolcdn.com/editorial/images/872684/ai-chip.jpg
 

Innodata (NASDAQ: INOD) was one of several AI stocks to soar last month as the data-labeling specialist nearly doubled following its first-quarter earnings report early in the month, and the stock added on some gains from there.

Sentiment toward AI stocks has shifted dramatically from six months ago, when fears of a bubble were weighing on the sector. With bottlenecks now abounding, investors seem to think that a small-cap AI services stock like Innodata.

According to data from S&P Global Market Intelligence, the stock finished the month up 149%. As you can see from the chart below, it shot up following the first-quarter earnings report and tacked on more gains at the end of the month.

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Source Fool.com

Innodata Inc. Stock

€54.20
-0.370%
The price for the Innodata Inc. stock decreased slightly today. Compared to yesterday there is a change of -€0.200 (-0.370%).
With 15 Buy predictions and not the single Sell prediction the community is currently very high on Innodata Inc..
As a result the target price of 94 € shows a very positive potential of 73.43% compared to the current price of 54.2 € for Innodata Inc..
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