• First quarter revenue came in at $90.1 million, and earnings per share were $0.42, both ahead of estimates.
• The company raised its full-year 2026 revenue growth outlook to 40% or more.
• Wedbush said the raised guidance indicates the company's ongoing capitalization of demand for its AI solutions.

Shares of Innodata (INOD) skyrocketed on Friday after the company’s first-quarter results and forecast surpassed Wall Street expectations.

It also drew praise from Wedbush, which continues to view the company as a crucial player in artificial intelligence.

At the time of writing, INOD stock was up over 90%, hitting a six-month high and on track for its best single-day percentage gains since 1998.

Wedbush Take On INOD

The firm cheered the AI data engineering and services company’s report and noted it delivered “massive beats” across the board for the first quarter (Q1), TheFly reported on Friday. It said the company’s raised guidance should be viewed positively as it continues to capitalize on the significant demand for its AI solutions.

“Wedbush continues to believe the company is well-positioned to be an AI winner and remains on the IVES AI 30 list,” TheFly reported.

It is notable that when Wedbush added the company to the list last year in May, the firm said it believes LLMs and AI technology will further develop into more custom offerings. “This is where Innodata’s expertise in data annotation and AI will lead the company to become a leader in this developing space as the AI world evolves in fields like healthcare, engineering, and finance, which demand a level of precision, domain expertise, and compliance that generalized LLMs cannot fully provide.”

Wedbush has an “Outperform” rating on the stock with a price target of  $80.

INOD’s Q1 Earnings

In Q1, revenue rose 54% to $90.1 million, beating the $76.47 million estimate polled by Fiscal AI. The company’s earnings per share (EPS) were $0.42, significantly above the $ 0.08-per-share estimate.

Innodata raised its full-year 2026 revenue growth outlook to 40% or more, up from prior guidance of at least 35%. The revenue consensus estimate for this year is $341.5 million; the company earned $251.7 million in 2025.

What Retail Traders Think Of INOD Stock

On Stocktwits, retail sentiment about INOD remained ‘extremely bullish’ amid a near sevenfold surge in message volumes over the last 24 hours.

One user on the platform calls the current surge in INOD “momentum driven.”

Another user called the surge “too strong to ignore.”

INOD stock is up more than 69% so far this year and has more than doubled in value in the past 12 months.

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