Maxim raised the firm’s price target on Ondas (ONDS) to $22 from $16 and keeps a Buy rating on the shares. The company is well-positioned to capitalize on rising defense budgets and demand for autonomous defense technologies through its global System of Systems approach, the analyst tells investors in a research note. Ondas’s current cash position is also sufficient to fund operations through breakeven results in 2028, according to its management’s outlook, Maxim added.
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