5 Under-the-Radar AI Stocks to Buy in 2026

3. Innodata Inc. (NASDAQ:INOD)

Number of Hedge Fund Holders: 20

On June 4, Wedbush raised its price target on Innodata Inc. (NASDAQ:INOD) to $120 from $100 while maintaining an Outperform rating. The firm cited growing confidence in the company’s ability to sustain robust revenue growth through fiscal 2026 and beyond, driven by increasing demand for its products and services that support artificial intelligence development. Wedbush believes Innodata’s offerings have become increasingly essential to the training and optimization of advanced AI models, positioning the company to benefit from continued investment across the AI ecosystem.

Previously, on May 14, Wedbush increased its price target on Innodata Inc. (NASDAQ:INOD) to $100 from $80 following what it described as a standout first-quarter performance and a strong outlook. The firm also applied a higher valuation multiple, reflecting greater confidence in the company’s long-term growth runway. Wedbush continues to view Innodata as one of the more compelling beneficiaries of the accelerating adoption of generative AI technologies and maintains its Outperform rating on the shares.

Innodata Inc. (NASDAQ:INOD) is a global data engineering company that develops and deploys generative and traditional artificial intelligence solutions. Founded in 1988 and headquartered in Ridgefield Park, New Jersey, the company provides services including data collection, annotation, model evaluation, and AI safety testing, while also operating software platforms focused on healthcare and media intelligence applications.