Royal Bank of Canada increased its stake in Innodata Inc. by 16.7% during the first quarter.
An August 12, 2026, filing shows the bank now holds shares worth approximately $6.53 million. Maxim Group and Zacks highlight the company’s growth prospects within the AI sector.
Innodata reported second-quarter earnings per share of $0.41, exceeding the $0.21 consensus estimate. Quarterly revenue reached $92.14 million, a 57.8% increase year-over-year. Analysts maintain an average Buy rating for the stock. The consensus price target currently stands at $130.