Needham analyst Austin Bohlig reiterated a Buy rating on Ondas today and set a price target of $23.00.
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High conviction ONDS bulls now have this Tradr ETFAustin Bohlig has given his Buy rating due to a combination of factors, starting with Ondas’ decision to more than double its 2026 revenue goal on the back of an increasingly assertive acquisition program. He sees the recent deals as strategically important, broadening 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 $500M in revenue by 2026. On this basis, he reiterates a Buy rating and raises his price objective to $23, reflecting his conviction that the shares do not yet fully discount the enhanced growth profile and scale potential he now anticipates.
In another report released yesterday, Northland Securities also maintained a Buy rating on the stock with a $16.00 price target.
Based on the recent corporate insider activity of 12 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.