Now, Innodata (INOD 4.12%), a firm that first saw the light of day back in 1993, was, if one is to be frank, rather quietly ticking along, providing the sort of content digitization and data enrichment services that, while perfectly respectable, didn’t exactly set the financial world ablaze. It was, one might say, a bit of a wallflower. But then, in 2018, a most ingenious notion struck them – a suite of task-specific microservices designed to annotate vast quantities of data for the increasingly demanding world of Artificial Intelligence. And dash it all, it worked! The market, you see, developed a positively insatiable appetite for these services, and the stock, well, it positively soared – a rise of 2,750% over the last six years, a figure that rather tickles the imagination, doesn’t it?
One might understandably be a trifle hesitant to jump on the bandwagon after such a spectacular run. It’s a bit like arriving at the dance just as everyone else is leaving, isn’t it? But fear not, for there are, as it were, three rather compelling reasons to believe this particular rocket still has a bit of lift left in it.
Firstly, at least five of those magnificent Seven – those tech titans who seem to dominate everything – are already employing Innodata’s services to whip their AI data into shape. A most discerning clientele, wouldn’t you agree? Secondly, and this is the truly clever bit, when these chaps embark on a new AI project, they spend a staggering 80% of their time simply preparing the raw data, leaving a mere 20% for the actual algorithm training. Innodata, you see, allows them to spend considerably more time coaxing those algorithms into doing their stuff, a decidedly advantageous arrangement.
Lastly, and this is where things get particularly interesting, the stock, at a mere $42 a share, still appears to be reasonably priced, considering its potential for growth. Analysts are predicting revenue and earnings per share to grow at a respectable 36% and 12% respectively between now and 2027. At 36 times projected 2026 earnings, it’s not exactly giving money away, of course, but it’s hardly outrageous. And with a market capitalization of $1.4 billion, it’s looking rather attractive as a potential takeover target for a larger tech company as this AI skirmish intensifies. A bit of corporate maneuvering, you might say, and a decidedly pleasant prospect for those holding the shares.
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2026-02-17 21:33