Ondas Holdings Inc. (ONDS) PT Raised to $12 at Needham

Needham analyst Austin Bohlig raised the price target on Ondas Holdings Inc. (NASDAQ: ONDS) to $12.00 (from $10.00) while maintaining a Buy rating.

The analyst comments "We are reiterating our buy rating, but raising our estimates and price target to $12, after coming away incrementally more upbeat on Ondas' growth trajectory following two days of investor meetings with their CEO. Our biggest takeaway is that we continue to be impressed with the company's organic and inorganic strategy execution, and believe demand is accelerating faster than what the company laid out on their most recent 3Q25 earnings call as a result of recent M&A and new contract wins. Particularly, we noticed Management's upbeat tone about new growth opportunities in multiple EMEA regions. That said, with still over $600M in cash on the balance sheet, we expect ONDS to execute on additional transformational M&A in the coming year and see significant upside potential to our updated 2026 revenue target of $137M."

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