10:59 AM EDT, 10/15/2025 (MT Newswires) -- Innodata ( INOD ) has "considerably" more opportunities to win new business from its Big Tech/Hyperscaler customers after Meta Platforms' (META) recent investment in its competitor Scale AI, Wedbush Securities said in a note Wednesday.

The brokerage said it attended the company's GenAI Summit last week that demonstrated various use cases in several industries, including technology, health care, financial services, retail and federal government.

Wedbush said it has "increased" confidence in the company's growth path and its competitive positioning in the data labeling industry.

"Overall, we continue to believe that INOD is well-positioned to capitalize on this significant opportunity within Big Tech/Hyperscalers," the firm said.

Wedbush raised its price target on the company to $90 from $75 and maintained its outperform rating.

Innodata ( INOD ) shares were up 7% in recent trading.

Price: 81.55, Change: +5.72, Percent Change: +7.54