Stifel Reiterates Buy Rating on Ondas Holdings (ONDS) following DZYNE Technologies deal

Stifel analyst Jonathan Siegmann reiterated a Buy rating and $18.00 price target on Ondas Holdings Inc. (NASDAQ: ONDS).

The analyst commented: "On Monday ONDS announced the acquisition of DZYNE Technologies for $875.8M — $200M cash plus ~85M new shares. Strategically, DZYNE expands ONDS's long-endurance ISR and kinetic counter-UAS offering and leverages their foundational SkyWeaver platform (agentic AI mission autonomy). Representing the 14th acquisition since August, ONDS has succeeded in consolidating a portfolio of attractive defense tech businesses. While ONDS still faces hard work managing the growth ramp and integrating the new pieces, we think investors should be encouraged by the quality and valuation of the businesses that have been consolidated. ONDS's YTD progress on organic growth (+100% pro forma), orders ($150M in Q2), and partnerships (LMT's selection of Sentrycs is especially noteworthy) are all validating of our positive thesis. We think investors today are too distracted by share issuance. We update our framework on pages 2-3 to help frame our view of how ONDS's M&A flywheel is working and reaffirm our Buy."

For an analyst ratings summary and ratings history on Ondas Holdings Inc. click here. For more ratings news on Ondas Holdings Inc. click here.

Shares of Ondas Holdings Inc. closed at $7.35 yesterday.

You May Also Be Interested In

• Alphabet Sees FY26 Capex $195B To $205B, Saw $180B To $190B
• Macquarie Downgrades Cyient DLM Ltd (CYIENTDL:IN) to Underperform
• Eternal Ltd (ETERNAL:IN) PT Raised to INR395 at Kotak