3 Artificial Intelligence (AI) Stocks That Could Go Parabolic [Yahoo! Finance]
Innodata Inc. (INOD)
US:NASDAQ Investor Relations:
innodata.com/investors
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Source: Yahoo! Finance
That's why shares of Nvidia , the chipmaking bellwether of that booming market, surged 2,760% over the past five years. Some investors might be reluctant to chase those breakneck gains, but plenty of overlooked AI stocks could still go parabolic in the future. Let's take a look at three stocks that fit this description: Innodata (NASDAQ: INOD) MicroStrategy (NASDAQ: MSTR) , and Lumen Technologies (NYSE: LUMN) Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Innodata was once considered a slow-growth IT services and enterprise software company. However, its stock soared from about $1 at the end of 2019 to about $32 today. That massive rally was the result of an AI-driven acceleration in its top line. Revenue rose 10% in 2023. But in the first nine months of 2024, sales soared 83% year over year to $111 million as its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) jumped 266% to $20 mil
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INOD
News
- Innodata Inc. (NASDAQ: INOD) is now covered by analysts at Wedbush. They set an "outperform" rating and a $48.00 price target on the stock.MarketBeat
- Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Innodata Inc. (INOD) and Encourages Stockholders to Learn More About the InvestigationAccesswire
- Bronstein, Gewirtz & Grossman, LLC Encourages Innodata Inc. (INOD) Investors to Inquire about Securities InvestigationAccesswire
- Innodata Inc. (NASDAQ: INOD) had its "buy" rating re-affirmed by analysts at Chardan Capital. They now have a $45.00 price target on the stock.MarketBeat
- INOD INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces an Investigation into Innodata Inc. and Encourages Investors to Contact the FirmAccesswire
INOD
Earnings
- 11/7/24 - Beat
INOD
Sec Filings
- 12/20/24 - Form 144
- 12/9/24 - Form 144
- 12/9/24 - Form 4
- INOD's page on the SEC website