Ondas (ONDS) Stock Jumps 5% as Top Analyst Upgrades to Strong Buy
TLDR
- Roth Capital upgraded ONDS to “strong buy” with a $13 price target; consensus sits at “Moderate Buy” with a $16.33 average target
- ONDS opened at $9.74, up 4.6%, with a 52-week range of $3.20 to $15.28 and a market cap of $5.55 billion
- Ondas was selected to build Israel’s next-generation “Digital Bat” tactical attack drone platform in a multi-million-dollar deal
- The company won a counter-drone contract at EverBank Stadium and completed its acquisition of Cyberhawk
- Insiders sold approximately $32.1 million worth of stock over the past three months, while institutional ownership stands at 37.73%
Ondas Holdings (ONDS) opened at $9.74 on Wednesday, up 4.6%, after Roth Capital upgraded the stock to “strong buy.” The upgrade came alongside a $13 price target, which is below the current analyst consensus of $16.33 but above where the stock is trading now.
The stock has had a wide 52-week range, swinging from a low of $3.20 to a high of $15.28. Its 50-day moving average sits at $8.39, while the 200-day moving average is $9.57. Market cap is approximately $5.55 billion, with a P/E ratio of 243.50.
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