Northland raised the firm’s price target on Ondas (ONDS) to $18 from $16 and keeps an Outperform rating on the shares after management highlighted “torrid demand” on the company’s earnings call yesterday. Ondas, which the firm says is “well on their way to being a scaled, multi-domain, autonomous systems company,” still has $1.5B in cash to further consolidate the market, the analyst tells investors.
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