Needham & Company LLC reiterated its buy rating for Ondas Holdings Inc. The firm maintained a $19.00 price target, suggesting significant upside potential from the stock's previous close.
Ondas reported second-quarter revenue that surpassed analyst expectations. Management raised its full-year 2026 revenue guidance to a range of $525 million to $550 million.
The company currently reports a project backlog of approximately $757 million. A new multi-million-dollar contract with the Israeli Defense Forces for tactical drones expands its international defense business.