Maxim Group raised its price target on Ondas (NASDAQ: ONDS) from $16 to $22 on Thursday, March 26, and maintained a “Buy” rating on the technology company.
As the bank said, Ondas has the opportunity to capitalize on the rising investment in security and the need for defense technology thanks to its global System of Systems (SoS) strategy.
In addition, the auditors believe that Ondas has enough money to pay for the work, and its results, until 2028.
Stifel also has an influence on Ondas stock
A day earlier, on Wednesday, March 25, Stifel reiterated its “Buy” rating and maintained a $18.00 price target on Ondas shares after the company’s fourth quarter earnings. call for money.
According to Stifel, Ondas is positioning itself as a defensive technology player, building scale through strategic acquisitions and entering new markets. However, the company also noted that the business still has a number of moving parts and execution remains critical.
However, the truth is that the stock is up nearly 1,100% in the past year. In the bid, Ondas also presented a new proposal for 2026 of more than $375 million, more than doubling what he had stated in January.
In addition, the management reported 63% organic growth in the fourth quarter and indicated that growth could approach 100% this year.
The price of ONDA shares
With the latest analysis, ONDA’s share price for the next twelve months stands at $19.86, based on the average of seven votes available on the market research platform. TipRanks.
Additionally, all seven ratings are “Buy,” meaning Wall Street’s consensus on the company is “Strong Buy.”
Image courtesy of Shutterstock
