Private wireless and drone group Ondas (ONDS) is scheduled to announce its first-quarter results on May 14. Traders are watching ONDS stock closely because the options market is pricing in a sharp reaction after the release. According to our TipRanks Options tool, traders are expecting a 15.25% move in either direction after the report, signaling high uncertainty about ONDS’ results.
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ONDS stock has surged over 56% in the last six months, driven by the rapid adoption of autonomous drone technology, the rising need for secure industrial‑grade wireless networks, and a steady increase in commercial and government contracts, all of which position Ondas well for continued expansion.
What Wall Street Expects
Wall Street expects ONDS to report an earnings per share of minus $0.05 in its Q1 release, an improvement on the minus $0.15 it reported in the same period last year. It is set to report revenues of $39.36 million, up from $4.2 million this time last year.
What Do Analysts Say?
Needham analyst Austin Bohlig recently reiterated a Buy rating on Ondas and set a price target of $23.00. He likes Ondas’ decision to more than double its 2026 revenue goal on the back of an increasingly assertive acquisition program. He believes this will broaden the company’s exposure to fast-growing precision strike and missile segments while embedding it more deeply in U.S. and allied defense networks.
In addition to the M&A opportunity, he notes that Ondas’ core business is gaining traction, which, together with the new acquisitions, could allow the company to surpass its updated forecast and potentially approach about $500 million in revenue by 2026.
Matthew Galinko, an analyst at Maxim, raised his price target on Ondas to $22 from $16 and kept a Buy rating on the shares. He believes that the company is well-positioned to capitalize on rising defense budgets and demand for autonomous defense technologies through its global System of Systems approach. Ondas’s current cash position is also sufficient to fund operations through breakeven results in 2028, according to its management’s outlook, he added.
Is ONDS a Good Stock to Buy Now?
On TipRanks, ONDS has a Strong Buy consensus based on 7 Buy ratings. Its highest price target is $25. ONDS stock’s consensus price target is $20.14, implying a 117.76% upside.
