10 Stocks That Could Double Over the Next 2 Years

8. Innodata Inc. (NASDAQ:INOD)

Market Capitalization: $3.12 billion

On June 15, BWS Financial raised its price target on Innodata Inc. (NASDAQ:INOD) to $140 from $110 while maintaining a Buy rating on the shares. The firm increased its long-term projections after concluding that the company’s current growth trajectory of at least 40% annually could remain sustainable through 2027 and potentially beyond. According to the analyst, Innodata has successfully transformed itself from a largely commoditized service provider into a mission-critical partner within the artificial intelligence ecosystem. BWS Financial noted that the company now occupies a central role in ensuring the quality and reliability of the data used to train increasingly sophisticated AI models, a capability that is becoming more valuable as AI adoption accelerates.

Previously, on June 5, Wedbush analyst Daniel Ives raised his price target on Innodata Inc. (NASDAQ:INOD) to $120 from $100 and maintained an Outperform rating. The firm cited growing confidence in Innodata’s ability to deliver sustained revenue expansion throughout fiscal 2026 and beyond. Wedbush believes the company’s products and services have become essential components of the AI development process, helping customers prepare and refine the datasets required to support next-generation artificial intelligence applications. As demand for advanced AI systems continues to increase, the firm expects Innodata’s strategic importance to strengthen further.

Innodata Inc. (NASDAQ:INOD) is a global data engineering company headquartered in Ridgefield Park, New Jersey, and founded in 1988. The company specializes in preparing, enriching, and optimizing data for artificial intelligence and generative AI applications. Its solutions help organizations improve the accuracy, performance, and scalability of AI models by providing high-quality training and operational datasets.