Innodata (NASDAQ:INOD) Shares Up 6.7% Following Analyst Upgrade

Market Beat
2026.05.15 17:59
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Innodata Inc. (NASDAQ:INOD) shares rose 6.7% after Wedbush upgraded its price target from $80 to $100, maintaining an outperform rating. The stock traded as high as $96.15, with 1.39 million shares changing hands. Insider selling has raised concerns, with significant sales by executives totaling over $24 million. Despite this, the company reported a 54.5% year-over-year revenue increase in Q1, supporting a positive outlook.