As previously reported, Wedbush initiated coverage of Innodata (INOD) with an Outperform rating and $48 price target The digital services and data transformation company is currently the partner of choice for data quality, scale and agility with five of the "Magnificent 7" under contracts and two more deals expected later this year, the analyst tells investors. The firm believes Innodata's expertise in data annotation and AI over its decades of experience will lead it to be "a leader in this developing space," the analyst added.