Maxim Group raised its price target on Ondas (NASDAQ: ONDS) from $16 to $22 on Thursday, March 26, while keeping a “Buy” rating on the technology company.
As argued by the bank, Ondas is in a good position to capitalize on the rising defense budgets and demand for autonomous defense technology thanks to its global System of Systems (SoS) approach.
Moreover, the analysts believe that Ondas’s current cash position is sufficient to fund operations, with breakeven results, through 2028.
Stifel likewise bullish on Ondas stock
One day earlier, on Wednesday, March 25, Stifel also reiterated its “Buy” rating and kept an $18 Ondas share price target after the company’s fourth-quarter earnings call.
According to Stifel, Ondas is positioning itself as an emerging defense technology player, building scale through targeted acquisitions and entry into new markets. However, the firm also noted that the business still has several moving parts and that execution will remain a key focus.
Nonetheless, the fact remains that the stock has surged about 1,100% over the past year. During the call, Ondas also introduced a new 2026 revenue outlook exceeding $375 million, more than double the target it outlined in January.
In addition, the management reported 63% organic growth in the fourth quarter and indicated that growth could approach 100% this year.
Onda stock price target
With the latest analyses accounted for, the average ONDA share price target for the next twelve months sits at $19.86, based on a total of seven ratings available on the market analysis platform TipRanks.
What’s more, all seven ratings are “Buys,” meaning the Wall Street consensus on the company is “Strong Buy.”
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