Innodata is a little-known artificial intelligence play that investors don't want to miss, according to Wedbush.
On 19 Dec 24, Senior Analyst Daniel Ives initiated coverage of the data engineering stock at an outperform rating with a $48 price target. That target suggests shares can surge 40.4% over Wednesday's closing level.
Ives pointed to the Innodata's work on custom large language models, which can be utilized by industries looking for a precession within Al that he said broadly used GPT can't completely offer. He said these special models can instead provide sectors with unique products that are "tailored" to their nuances and challenges.
"We believe Innodata's expertise in data annotation and AI over its decades of experience will lead the company to be a leader in this developing space," Ives wrote to clients in a Thursday note.
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It’s not about the money for me; I don’t believe my knowledge is at a level where I can confidently sell courses for profit. I’m currently undergoing frequent medical treatment, which leaves me feeling fatigued. When someone pays for a course, there’s an expectation that they want gain more than they invest, and I’m not comfortable taking on the responsibility of ensuring others’ success.
If someone were to lose money, they might feel disappointed or even angry with me. I already have a decent profit each month, so I don’t need financial support from anyone. My goal is simply to share my limited knowledge whenever I have the opportunity.