Technology
INOD reported better than expected Q4 results demonstrating how demand for data training services is not waning. Furthermore, management has set 2025 revenue to grow by at least 40%. This is much higher than Hamed Khorsand was forecasting. He believes the investment in hiring more people should see the group being awarded more projects. With INOD now poised to exceed $300m in revenue in 2026, Hamed raises his TP from $45 to $74. The share price has increased by more than 300% since he initiated coverage with a Buy rating in May last year.
Edition: 206
- 07 March, 2025
Technology
Profitable AI - INOD is a misunderstood data engineering company benefitting from working with large tech companies and enterprises in developing LLMs or refining LLMs to fit the need of a specific industry. The company has been around for 30 years evolving with data and Hamed Khorsand believes the current pathway related to AI could have longevity the stock is not valued for. He forecasts revenue growth of 40% in 2024 and over 25% in 2025. TP $24 (85% upside).
Edition: 187
- 31 May, 2024