Analyst Matthew Galinko from Maxim Group maintained a Buy rating on Ondas Holdings (ONDS – Research Report) and increased the price target to $2.00 from $1.50.
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Matthew Galinko has given his Buy rating due to a combination of factors that highlight Ondas Holdings’ strategic positioning and growth potential in the autonomous drone industry. The company recently secured significant orders, including a $14.3 million contract from a defense customer and a purchase order from a U.S. public safety agency, which have notably increased its backlog. These orders underscore the rising demand for Ondas’s drone and counter-drone solutions in critical sectors such as defense and public safety.
Additionally, recent executive orders signed by President Trump to boost domestic drone production and counter-drone capabilities provide a favorable regulatory environment for Ondas. The company’s Iron Drone technology is well-aligned with these directives, positioning it to benefit from increased military spending and government support for domestic drone initiatives. With a strong cash position and a manageable debt level, Ondas is well-equipped to capitalize on these opportunities, leading to an increased price target and a maintained Buy rating.
In another report released on June 16, Northland Securities also maintained a Buy rating on the stock with a $2.50 price target.