Innodata (INOD) Stock Forecast, Price Target & Predictions
INOD Stock Forecast
Innodata stock forecast is as follows: an average price target of $23.00 (represents a 11.43% upside from INOD’s last price of $20.64) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
INOD Price Target
The average price target for Innodata (INOD) is $23.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $23.00 to $23.00. This represents a potential 11.43% upside from INOD's last price of $20.64.
INOD Analyst Ratings
According to 2 Wall Street analysts, Innodata's rating consensus is 'Buy'. The analyst rating breakdown for INOD stock is 0 'Strong Buy' (0.00%), 2 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Innodata Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 17, 2024 | George Sutton | Craig-Hallum | $23.00 | $15.26 | 50.72% | 11.43% |
The latest Innodata stock forecast, released on Sep 17, 2024 by George Sutton from Craig-Hallum, set a price target of $23.00, which represents a 50.72% increase from the stock price at the time of the forecast ($15.26), and a 11.43% increase from INOD last price ($20.64).
Innodata Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $23.00 | $23.00 |
| Last Closing Price | $20.64 | $20.64 | $20.64 |
| Upside/Downside | -100.00% | 11.43% | 11.43% |
In the current month, the average price target of Innodata stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Innodata's last price of $20.64. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 17, 2024 | Craig-Hallum | - | Buy | Initialise |
| Aug 09, 2024 | BWS Financial | Buy | Buy | Hold |
| May 22, 2024 | BWS Financial | - | Buy | Initialise |
Innodata's last stock rating was published by Craig-Hallum on Sep 17, 2024. The company Initialise its INOD rating from "null" to "Buy".
Innodata Financial Forecast
Innodata Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | Jun 12 | Sep 05 | Sep 04 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $18.84M | $19.38M | $21.19M | $15.97M | $14.53M | $13.69M | $14.12M | $14.95M | $15.70M | $13.80M | $14.07M | $16.90M | $22.77M | - | - |
| Avg Forecast | $52.30M | $51.80M | $51.80M | $51.20M | $49.17M | $44.07M | $42.50M | $42.90M | $42.29M | $36.10M | $27.58M | $40.86M | $43.70M | $27.84M | $46.74M | $42.49M | $38.63M | $35.12M | $27.76M | $21.95M | $17.35M | $15.77M | $14.07M | $50.70M | $25.62M | $12.86M | $14.78M |
| High Forecast | $52.30M | $51.80M | $51.80M | $51.20M | $49.17M | $44.07M | $42.50M | $42.90M | $42.29M | $36.10M | $27.58M | $49.04M | $52.45M | $33.41M | $56.09M | $50.99M | $46.36M | $42.14M | $33.31M | $26.34M | $20.82M | $18.93M | $16.88M | $60.84M | $30.74M | $15.44M | $17.74M |
| Low Forecast | $52.30M | $51.80M | $51.80M | $51.20M | $49.17M | $44.07M | $42.50M | $42.90M | $42.29M | $36.10M | $27.58M | $32.69M | $34.96M | $22.28M | $37.39M | $33.99M | $30.90M | $28.09M | $22.21M | $17.56M | $13.88M | $12.62M | $11.26M | $40.56M | $20.49M | $10.29M | $11.83M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 18 | 14 | 19 | 19 | 12 | 20 | 19 | 13 | 20 | 20 | 16 | 9 | 13 | 18 | 9 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.43% | 0.70% | 0.45% | 0.38% | 0.38% | 0.39% | 0.51% | 0.68% | 0.90% | 0.88% | 1.00% | 0.33% | 0.89% | - | - |
Innodata's average Quarter revenue forecast for Mar 24 based on 18 analysts is $40.86M, with a low forecast of $32.69M, and a high forecast of $49.04M. INOD's average Quarter revenue forecast represents a 116.91% increase compared to the company's last Quarter revenue of $18.84M (Mar 23).
Innodata EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | Jun 12 | Sep 05 | Sep 04 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 18 | 14 | 19 | 19 | 12 | 20 | 19 | 13 | 20 | 20 | 16 | 9 | 13 | 18 | 9 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $-741.00K | $-1.72M | $-1.54M | $1.03M | $696.00K | $340.00K | $1.20M | $-342.00K | $1.17M | $-559.00K | $1.00M | $732.00K | $3.41M | - | - |
| Avg Forecast | $292.70K | $289.90K | $289.90K | $286.54K | $275.15K | $246.62K | $237.87K | $240.11K | $236.66K | $202.02K | $154.37K | $-1.63M | $-1.74M | $445.09K | $-1.86M | $-1.69M | $-1.54M | $-1.40M | $-1.11M | $-875.08K | $-691.76K | $-628.88K | $2.71M | $1.54M | $3.79M | $-562.67K | $4.82M |
| High Forecast | $292.70K | $289.90K | $289.90K | $286.54K | $275.15K | $246.62K | $237.87K | $240.11K | $236.66K | $202.02K | $154.37K | $-1.30M | $-1.39M | $534.11K | $-1.49M | $-1.36M | $-1.23M | $-1.12M | $-885.58K | $-700.06K | $-553.41K | $-503.10K | $3.25M | $1.84M | $4.55M | $-450.13K | $5.78M |
| Low Forecast | $292.70K | $289.90K | $289.90K | $286.54K | $275.15K | $246.62K | $237.87K | $240.11K | $236.66K | $202.02K | $154.37K | $-1.96M | $-2.09M | $356.07K | $-2.24M | $-2.03M | $-1.85M | $-1.68M | $-1.33M | $-1.05M | $-830.12K | $-754.65K | $2.16M | $1.23M | $3.03M | $-675.20K | $3.85M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.43% | -3.86% | 0.83% | -0.61% | -0.45% | -0.24% | -1.09% | 0.39% | -1.70% | 0.89% | 0.37% | 0.48% | 0.90% | - | - |
19 analysts predict INOD's average Quarter EBITDA for Mar 22 to be $-1.86M, with a high of $-1.49M and a low of $-2.24M. This is -280.60% lower than Innodata's previous annual EBITDA (Mar 21) of $1.03M.
Innodata Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | Jun 12 | Sep 05 | Sep 04 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 18 | 14 | 19 | 19 | 12 | 20 | 19 | 13 | 20 | 20 | 16 | 9 | 13 | 18 | 9 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-2.11M | $-1.96M | $-2.89M | $398.00K | $-365.00K | $-452.00K | $-268.00K | $-1.73M | $3.00K | $-1.84M | $189.00K | $316.00K | $2.09M | - | - |
| Avg Forecast | $4.91M | $4.91M | $4.91M | $4.33M | $4.86M | $3.47M | $3.02M | $3.21M | $3.56M | $3.99M | $-418.73K | $-5.36M | $-5.74M | $-246.20K | $-6.13M | $-5.58M | $-5.07M | $-4.61M | $-3.64M | $-2.88M | $-2.28M | $-2.07M | $510.30K | $663.60K | $2.32M | $-1.17M | $2.86M |
| High Forecast | $4.91M | $4.91M | $4.91M | $4.33M | $4.86M | $3.47M | $3.02M | $3.21M | $3.56M | $3.99M | $-418.73K | $-4.29M | $-4.59M | $-196.96K | $-4.91M | $-4.46M | $-4.06M | $-3.69M | $-2.91M | $-2.30M | $-1.82M | $-1.66M | $612.36K | $796.32K | $2.78M | $-933.33K | $3.44M |
| Low Forecast | $4.91M | $4.91M | $4.91M | $4.33M | $4.86M | $3.47M | $3.02M | $3.21M | $3.56M | $3.99M | $-418.73K | $-6.44M | $-6.88M | $-295.44K | $-7.36M | $-6.69M | $-6.08M | $-5.53M | $-4.37M | $-3.46M | $-2.73M | $-2.48M | $408.24K | $530.88K | $1.86M | $-1.40M | $2.29M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.37% | 7.95% | 0.47% | -0.07% | 0.07% | 0.10% | 0.07% | 0.60% | -0.00% | 0.89% | 0.37% | 0.48% | 0.90% | - | - |
Innodata's average Quarter net income forecast for Mar 22 is $-6.13M, with a range of $-7.36M to $-4.91M. INOD's average Quarter net income forecast represents a -1641.45% decrease compared to the company's last Quarter net income of $398.00K (Mar 21).
Innodata SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | Jun 12 | Sep 05 | Sep 04 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 18 | 14 | 19 | 19 | 12 | 20 | 19 | 13 | 20 | 20 | 16 | 9 | 13 | 18 | 9 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $7.80M | $8.36M | $10.19M | $5.53M | $4.72M | $4.60M | $3.92M | $4.63M | $3.81M | $4.13M | $3.79M | $4.62M | $6.19M | - | - |
| Avg Forecast | $19.43M | $19.25M | $19.25M | $19.02M | $18.27M | $16.37M | $15.79M | $15.94M | $15.71M | $13.41M | $10.25M | $12.05M | $12.89M | $3.92M | $13.79M | $12.53M | $11.39M | $10.36M | $8.19M | $6.47M | $5.12M | $4.65M | $10.23M | $9.71M | $6.87M | $4.90M | $2.63M |
| High Forecast | $19.43M | $19.25M | $19.25M | $19.02M | $18.27M | $16.37M | $15.79M | $15.94M | $15.71M | $13.41M | $10.25M | $14.46M | $15.47M | $4.71M | $16.54M | $15.04M | $13.67M | $12.43M | $9.83M | $7.77M | $6.14M | $5.58M | $12.28M | $11.65M | $8.25M | $5.88M | $3.15M |
| Low Forecast | $19.43M | $19.25M | $19.25M | $19.02M | $18.27M | $16.37M | $15.79M | $15.94M | $15.71M | $13.41M | $10.25M | $9.64M | $10.31M | $3.14M | $11.03M | $10.03M | $9.12M | $8.29M | $6.55M | $5.18M | $4.09M | $3.72M | $8.18M | $7.77M | $5.50M | $3.92M | $2.10M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.60% | 2.13% | 0.74% | 0.44% | 0.41% | 0.44% | 0.48% | 0.71% | 0.74% | 0.89% | 0.37% | 0.48% | 0.90% | - | - |
Innodata's average Quarter SG&A projection for Mar 24 is $12.05M, based on 18 Wall Street analysts, with a range of $9.64M to $14.46M. The forecast indicates a 54.58% rise compared to INOD last annual SG&A of $7.80M (Mar 23).
Innodata EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | Jun 12 | Sep 05 | Sep 04 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 18 | 14 | 19 | 19 | 12 | 20 | 19 | 13 | 20 | 20 | 16 | 9 | 13 | 18 | 9 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.08 | $-0.07 | $-0.11 | $0.02 | $-0.01 | $-0.02 | $-0.01 | $-0.07 | - | $-0.07 | $0.01 | $0.01 | $0.08 | - | - |
| Avg Forecast | $0.17 | $0.17 | $0.17 | $0.15 | $0.17 | $0.12 | $0.10 | $0.11 | $0.12 | $0.14 | $-0.01 | $1.58 | $1.43 | $1.95 | $1.43 | $-0.24 | $-0.22 | $-0.20 | $-0.16 | $-0.13 | $-0.10 | $-0.09 | $-0.03 | $-0.06 | $0.10 | $-0.08 | $0.06 |
| High Forecast | $0.17 | $0.17 | $0.17 | $0.15 | $0.17 | $0.12 | $0.10 | $0.11 | $0.12 | $0.14 | $-0.01 | $1.58 | $1.43 | $1.95 | $1.43 | $-0.20 | $-0.18 | $-0.16 | $-0.13 | $-0.10 | $-0.08 | $-0.07 | $-0.02 | $-0.05 | $0.12 | $-0.06 | $0.07 |
| Low Forecast | $0.17 | $0.17 | $0.17 | $0.15 | $0.17 | $0.12 | $0.10 | $0.11 | $0.12 | $0.14 | $-0.01 | $1.58 | $1.43 | $1.95 | $1.43 | $-0.29 | $-0.26 | $-0.24 | $-0.19 | $-0.15 | $-0.12 | $-0.11 | $-0.03 | $-0.08 | $0.08 | $-0.10 | $0.04 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.05% | -0.04% | -0.08% | -0.06% | 0.05% | 0.10% | 0.06% | 0.54% | -0.00% | 0.78% | -0.25% | -0.17% | 0.80% | - | - |
According to 19 Wall Street analysts, Innodata's projected average Quarter EPS for Mar 22 is $1.43, with a low estimate of $1.43 and a high estimate of $1.43. This represents a 9186.72% increase compared to INOD previous annual EPS of $0.02 (Mar 21).
Innodata Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CYXT | Cyxtera | $0.07 | $6.35 | 8971.43% | Buy |
| NOTE | FiscalNote | $0.85 | $7.25 | 752.94% | Buy |
| ALYA | Alithya Group | $1.13 | $3.50 | 209.73% | Hold |
| BBAI | BigBear.ai | $1.61 | $3.00 | 86.34% | Buy |
| NABL | N-able | $12.37 | $17.00 | 37.43% | Buy |
| INOD | Innodata | $20.64 | $23.00 | 11.43% | Buy |
| G | Genpact | $38.78 | $42.25 | 8.95% | Hold |
| ASGN | ASGN | $91.43 | $99.00 | 8.28% | Hold |
| PRFT | Perficient | $75.96 | $81.00 | 6.64% | Hold |
| IBM | International Business Machines | $206.32 | $206.09 | -0.11% | Hold |
| NYAX | Nayax | $28.48 | $24.67 | -13.38% | Hold |
| EXLS | ExlService | $42.12 | $32.64 | -22.51% | Buy |
INOD Forecast FAQ
Is Innodata a good buy?
Yes, according to 2 Wall Street analysts, Innodata (INOD) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 100.00% of INOD's total ratings.
What is INOD's price target?
Innodata (INOD) average price target is $23 with a range of $23 to $23, implying a 11.43% from its last price of $20.64. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Innodata stock go up soon?
According to Wall Street analysts' prediction for INOD stock, the company can go up by 11.43% (from the last price of $20.64 to the average price target of $23), up by 11.43% based on the highest stock price target, and up by 11.43% based on the lowest stock price target.
Can Innodata stock reach $30?
INOD's average twelve months analyst stock price target of $23 does not support the claim that Innodata can reach $30 in the near future.
What are Innodata's analysts' financial forecasts?
Innodata's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $178.64M (high $178.64M, low $178.64M), average EBITDA is $999.76K (high $999.76K, low $999.76K), average net income is $14.56M (high $14.56M, low $14.56M), average SG&A $66.38M (high $66.38M, low $66.38M), and average EPS is $0.504 (high $0.504, low $0.504). INOD's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $207.1M (high $207.1M, low $207.1M), average EBITDA is $1.16M (high $1.16M, low $1.16M), average net income is $19.06M (high $19.06M, low $19.06M), average SG&A $76.95M (high $76.95M, low $76.95M), and average EPS is $0.66 (high $0.66, low $0.66).
Did the INOD's actual financial results beat the analysts' financial forecasts?
Based on Innodata's last annual report (Dec 2022), the company's revenue was $79M, beating the average analysts forecast of $74.59M by 5.92%. Apple's EBITDA was $-6.583M, beating the average prediction of $-1.419M by 364.00%. The company's net income was $-12.005M, beating the average estimation of $-6.381M by 88.13%. Apple's SG&A was $37.94M, beating the average forecast of $17.71M by 114.23%. Lastly, the company's EPS was $-0.44, missing the average prediction of $3.38 by -113.01%. In terms of the last quarterly report (Mar 2023), Innodata's revenue was $18.84M, missing the average analysts' forecast of $43.7M by -56.89%. The company's EBITDA was $-741K, missing the average prediction of $-1.743M by -57.48%. Innodata's net income was $-2.113M, missing the average estimation of $-5.736M by -63.16%. The company's SG&A was $7.8M, missing the average forecast of $12.89M by -39.52%. Lastly, the company's EPS was $-0.0769, missing the average prediction of $1.43 by -105.38%