Wedbush analyst Dan Ives maintained an Outperform rating on Innodata (INOD) on June 4, 2026. Ives raised the price target to $120 from $100.
This adjustment marks the second price target increase for the company in less than a month. Wedbush previously raised the target from $80 to $100 in mid-May.
The revision reflects growing confidence in Innodata's strategic position within the artificial intelligence and data engineering sectors. Strong first-quarter results and expanding AI-enabled platform services support the firm's positive outlook.