Innodata: Top Russell 2000 Buy

This is a Innodata news story, published by Yahoo Finance (Canada), that relates primarily to Buy news.

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Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

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Is Innodata Inc. (INOD) the Best Russell 2000 Stock to Buy According to Analysts?

Summary

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83% Informative

Innodata Inc. (NASDAQ:INOD) ranks among the best Russell 2000 Stocks to Buy According to Analysts.

The investor sentiment remains bullish toward the market, especially since the Fed ’s recent decision to cut interest rates by half a percentage point.

The Fed is seen as a move to sustain economic health rather than a response to economic distress.

In Q2 , 6 hedge funds tracked by Insider Monkey had investments in Innodata (NASDAQ:INOD), with positions worth $12.977 million .

Renaissance Technologies is the top investor in the company as of Q2 and has a stake worth $7.1 million .

The company expects to achieve at least 40% organic revenue growth in 2024 .

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