Ondas Holdings Stock Surges 23% on Analyst Upgrade and Robust Q3 Performance
Ondas Holdings (ONDS) shares rallied 23.58% this week after Oppenheimer upgraded the stock to 'outperform' with a $12 price target, signaling 67% upside potential. The bullish sentiment follows stronger-than-expected third-quarter results, with revenue soaring 582% year-over-year to $10.1 million.
Delivery volumes for the company's Iron Drone and Optimus systems drove the explosive growth, catering to military and public safety sectors. Net losses narrowed by 17.7% to $8.78 million, while gross margins reached 26%—a figure analysts believe could eventually climb to 70%.
The company raised its full-year revenue guidance by 44% to $36 million, reflecting confidence in its recent acquisition of Apeiro Motion and expanding product pipeline. Oppenheimer's endorsement underscores growing institutional recognition of Ondas' positioning in defense technology markets.
