Small-Cap AI Stocks On The Rise: 3 Hidden Gems You Shouldn't Miss
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 16 2024
0mins
Source: Benzinga
Small-Cap AI Stocks on the Rise: Companies like SoundHound AI, Helix Energy Solutions, and Innodata are making significant strides in the AI sector, with impressive year-to-date stock gains and innovative solutions that cater to various industries, from voice technology to environmental cleanup.
Investment Opportunities: The ongoing AI revolution presents unique investment opportunities in small-cap stocks, highlighted by their potential for growth and contributions to a more sustainable future, as showcased at Benzinga's upcoming SmallCap Conference.
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Analyst Views on INOD
Wall Street analysts forecast INOD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for INOD is 93.75 USD with a low forecast of 80.00 USD and a high forecast of 110.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 55.840
Low
80.00
Averages
93.75
High
110.00
Current: 55.840
Low
80.00
Averages
93.75
High
110.00
About INOD
Innodata Inc. is a global data engineering company. It provides a range of transferable solutions, platforms, and services for generative artificial intelligence (AI)/AI builders and adopters. Its Digital Data Solutions segment provides AI data preparation services, collecting or creating training data, annotating training data, and training AI algorithms for its customers, and AI model deployment and integration. It also provides a range of data engineering support services. Its Synodex segment provides an industry platform that transforms medical records into useable digital data organized in accordance with its proprietary data models or customer data models. Its Agility segment provides an industry platform that provides marketing communications and public relations professionals with the ability to target and distribute content to journalists and social media influencers worldwide and to monitor and analyze global news channels (print, Web, radio and TV) and social media channels.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Innodata Partners with Palantir, Boosting Stock Price
- Stock Surge: Innodata's shares rose by 12.64% to $62.97 on Thursday, primarily driven by a new AI data services engagement with Palantir Technologies.
- Data Services Collaboration: Innodata has been selected to provide specialized data training and engineering support to Palantir, focusing on curated training datasets for automated performance analysis in rodeo events.
- Computer Vision Application: Innodata's teams are annotating thousands of hours of rodeo footage for computer vision model development, enabling AI systems to identify animals, riders, and joint movements, thereby enhancing automated performance analysis during events.
- Growing Industry Demand: As AI adoption expands in high-stakes environments, Innodata believes there is a growing demand for precision data services, emphasizing the critical role of secure and scalable data engineering in enhancing enterprise and national competitiveness.
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Innodata Partners with Palantir to Enhance Data Analysis
- Partnership Launch: Innodata has entered a new partnership with Palantir to provide specialized annotation and data engineering for thousands of hours of rodeo video footage, aimed at enhancing the performance analysis capabilities of AI platforms.
- Technological Application: This project will leverage computer vision technologies to detect riders, animals, and skeleton joints, thereby assisting Innodata in calculating and displaying performance metrics in rodeo events, improving the accuracy of event analysis.
- Positive Market Reaction: Innodata's shares surged over 14% in opening trade following the partnership announcement, indicating strong market optimism and reflecting investor expectations for future earnings.
- Bullish User Sentiment: On the Stocktwits platform, sentiment around Innodata is in the 'bullish' territory, with users expressing optimism about the upcoming Q4 earnings report, viewing the partnership with Palantir as a well-deserved recognition of the company's efforts.
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