Northland raised the firm’s price target on Ondas (ONDS) to $5 from $4.25 and keeps an Outperform rating on the shares, noting that the company posted 555% revenue growth in Q2 and management increased their backlog forecast from just a month ago. The firm is increasing its revenue estimates as it believes demand is broad-based and accelerating, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ONDS:
- Ondas Holdings Closes $163 Million Public Offering
- Ondas Holdings Appoints Dr. Irit Idan to Advisory Board
- Ondas appoints Irit Idan to OAS Advisory Board
- Ondas Holdings: Strong Buy Rating Amid Robust Drone Segment Performance and Promising Growth Outlook
- Ondas Holdings Completes Successful Public Offering