Needham analyst Austin Bohlig has reiterated their bullish stance on ONDS stock, giving a Buy rating on December 3.
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Austin Bohlig has given his Buy rating due to a combination of factors that highlight Ondas Holdings’ promising growth prospects. After engaging in investor meetings with the company’s CEO, Bohlig is more optimistic about the company’s growth trajectory, which is supported by both organic and inorganic strategies. The company has been successful in accelerating demand, surpassing previous expectations, thanks to recent mergers and acquisitions as well as new contract wins.
Furthermore, the management’s positive outlook on emerging growth opportunities in various EMEA regions adds to the confidence in the company’s future performance. With a substantial cash reserve exceeding $600 million, Ondas Holdings is well-positioned to pursue further transformational acquisitions in the upcoming year. This financial strength and strategic positioning suggest a significant potential for revenue growth, leading to an updated 2026 revenue target of $137 million, which supports the Buy rating.
In another report released on December 3, Lake Street also maintained a Buy rating on the stock with a $10.00 price target.
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ONDS in relation to earlier this year.