Stifel analyst Jonathan Siegmann raised the firm’s price target on Ondas (ONDS) to $18 from $17 and keeps a Buy rating on the shares following last week’s virtual investor day to present a teach-in of their Autonomous Systems portfolio and their recently acquired businesses. While Ondas is still in the early days of executing on their business model, the company’s targets were “nicely above our estimates and we gained greater appreciation of their differentiated approach to the military drone space,” the analyst tells investors following the event.
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