Lake Street analyst Max Michaelis raised the firm’s price target on Ondas (ONDS) to $8 from $5 and keeps a Buy rating on the shares. After having hosted the company at the firm’s Best Ideas Growth Conference, the analyst “came away feeling excited” about the long-term growth opportunity in the Ondas Autonomous Systems business, along with its new business endeavors in the aerospace and defense industry, the analyst tells investors. While acknowledging the stock has ramped significantly over the past two months with an advance of over 200%, the firm believes the story is “still in the early innings,” the analyst added.
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