BWS Financial raised its price target on Innodata Inc. (NASDAQ: INOD) to $110 from $74 while reiterating a Buy rating, citing the company's growing traction in enterprise artificial intelligence applications.

Analysts noted that Innodata's recent AI Summit underscored how corporate adoption of AI technology remained in its early stages, with data quality emerging as a primary obstacle for AI agent development. The firm said Innodata was well positioned to benefit from expanding enterprise AI spending as it diversified its customer base beyond traditional technology firms.

BWS highlighted that Innodata had increased hiring to target large enterprise and government clients and was gaining momentum in those sectors. The firm said the strong participation at the AI Summit indicated rising engagement from corporate customers and supported its upward revision of 2026 financial estimates.

As a result, BWS boosted its price target to $110, up from $74, reflecting confidence in the company's long-term growth trajectory.