Matthew Galinko, an analyst from Maxim Group, maintained the Buy rating on Ondas Holdings. The associated price target is $10.00.
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Matthew Galinko has given his Buy rating due to a combination of factors, primarily the strong financial performance and strategic positioning of Ondas Holdings. The company reported third-quarter results that exceeded revenue expectations, driven by increasing drone orders. This performance, coupled with a significant rise in defense budgets and demand for advanced defense technologies, positions Ondas favorably in the market.
Furthermore, Ondas has successfully raised approximately $860 million in net proceeds, which has been strategically utilized for acquisitions and investments in counter-drone technology, ground robots, and sensors. The company’s increased revenue guidance for 2025 and 2026, along with a robust cash position of $840.4 million, supports its growth trajectory. Galinko’s decision to raise the price target to $10 reflects confidence in Ondas’s ability to leverage its capital and expand its diverse platform, despite near-term margin challenges.
In another report released yesterday, Oppenheimer also upgraded the stock to a Buy with a $12.00 price target.