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Forget margin or options. Here's how the pros trade ONDSOndas ( (ONDS) ) has provided an update.
On April 24, 2026, Ondas Inc. completed its $175 million merger with Mistral Inc., a U.S.-based defense prime contractor, folding Mistral into Ondas as a wholly owned subsidiary and issuing a mix of immediate and deferred common stock consideration, including escrowed shares for adjustments and indemnities. The company also put in place registration rights that allow resale of issued shares while capping Mistral’s shareholder daily sales to 10% of average trading volume, and granted inducement RSUs tied to the deal to 58 new employees.
The transaction gives Ondas direct prime contractor access to U.S. Army and Special Operations contract vehicles, expands its U.S. manufacturing and integration footprint, and strengthens its positioning as a next-generation defense prime for autonomous systems across U.S. defense and homeland security markets. Mistral adds programs exceeding $1 billion in value and $264 million of contracted backlog, lifting Ondas’ pro forma backlog, including the recent World View acquisition, to about $457 million as of March 31, 2026, which is expected to meaningfully enhance growth prospects and scale its U.S. operations.
The most recent analyst rating on (ONDS) stock is a Buy with a $19.00 price target. To see the full list of analyst forecasts on Ondas stock, see the ONDS Stock Forecast page.
Spark’s Take on ONDS Stock
According to Spark, TipRanks’ AI Analyst, ONDS is a Neutral.
ONDS scores as moderately attractive mainly due to the earnings-call-driven outlook (raised 2026 revenue guidance, strong margin improvement narrative, and substantial liquidity to fund growth). This is tempered by weak underlying financial performance (large losses and ongoing cash burn) and a soft technical setup (below key moving averages with negative MACD), while valuation is constrained by negative earnings and no indicated dividend support.
To see Spark’s full report on ONDS stock, click here.
More about Ondas
Ondas Inc., listed on Nasdaq as ONDS, is a provider of autonomous systems, robotics and mission-critical wireless connectivity aimed at defense, security and industrial markets. Through units including Ondas Autonomous Systems, Ondas Capital and Ondas Networks, it offers AI-enabled aerial and ground robotic platforms, counter-UAS technologies and IEEE 802.16t-based private wireless solutions for complex operational environments.
Its technologies combine autonomous platforms, advanced sensing and resilient communications to support defense, homeland security and critical infrastructure missions worldwide. Customers include defense forces, government agencies and industrial operators seeking persistent intelligence, surveillance, security and operational response capabilities across demanding use cases.
Average Trading Volume: 80,986,328
Technical Sentiment Signal: Buy
Current Market Cap: $5.08B
Learn more about ONDS stock on TipRanks’ Stock Analysis page.