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Innodata Jumps 23% After Wedbush Tags It a Top Takeover Target

Investors weigh rapid growth against a lofty free‑cash‑flow valuation, with no acquisition announced.

Overview

  • Shares rose about 23% this week as of Friday morning, according to S&P Global Market Intelligence data cited by Yahoo Finance.
  • Wedbush labeled Innodata a top takeout target, which traders treated as a fresh catalyst despite no confirmed bid.
  • The stock is up more than 450% over the past year as investors bet on AI infrastructure and services providers.
  • Revenue grew 79% year over year in the second quarter, though upcoming comparisons are tougher after last year’s triple‑digit growth.
  • Innodata serves AI builders and enterprise adopters, counts five of the Magnificent Seven as customers, and now trades around 84 times free cash flow.