Needham analyst Austin Bohlig raised the firm’s price target on Ondas (ONDS) to $12 from $10 and keeps a Buy rating on the shares. The firm is coming away incrementally more upbeat on Ondas’ growth trajectory following two days of investor meetings with their CEO. The biggest takeaway is that Needham remains impressed with the company’s organic and inorganic strategy execution, and believes demand is accelerating faster than what the company laid out on their most recent Q3 earnings call as a result of recent M&A and new contract wins, the analyst tells investors in a research note.
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