Wall Street grows bullish after Ondas raises revenue projection

Five Wall Street analysts on Tuesday raised their price targets on shares of Ondas Holdings (ONDS) after the company increased its projection for 2026 revenue by 25% over what it had previously announced.

Ondas increased its revenue target to a range of $170 to $180 million, up from its previous target of $140 million. The announcement was made to coincide with the company's 2026 investor day.

In addition to raising its revenue target for the current year, Ondas expects to report revenue of $27 to $29 million for the fourth quarter ended December 31, 2025, 51% higher than the prior Q4 2025 revenue target.

For the full year ended December 31, Ondas is expecting revenue to be between $47.6 and $49.6 million, 23% higher than the prior full-year revenue target for 2025.

This was enough to turn Wall Street bullish on Ondas this week, with H.C. Wainwright more than doubling its price target to $25 from $12.

Meanwhile, Lake Street raised its price target to $19 from $10, Northland increased its target to $16 from $10, Needham went up to $17 from $12, and Oppenheimer went to $16 from $12.

The stock surged 8.2% on Tuesday after the price targets were raised.

In a client note on Tuesday, H.C. Wainwright analysts, led by Amit Dayal, said that Ondas is "entering 2026 from a position of strength, with bullish long-term outlook."

Dayal noted that the company is "gaining traction in autonomous aerial & robotics markets," pointing to over $500 million in its sales pipeline, as well as multiple active M&A targets.

Ondas provides autonomous aerial and ground robot intelligence through its Ondas Autonomous Systems (OAS) business unit and private wireless solutions through its Ondas Networks unit.

Ondas can capitalize on 'multiple growth levers'

Ondas announced in November that it had made a $35 million strategic investment in Performance Drone Works (PDW), a manufacturer of advanced robotics for the defense sector that focuses on building unmanned aerial systems (UAS) used in combat missions.

Ondas said in a press release that the investment in PDW will strengthen its position as "a premier provider of AI-enabled autonomous defense and security platforms."

The next day, the company said that it was acquiring Roboteam Holdings, a manufacturer of tactical unmanned ground vehicles (UGVs) that are used for a range of defense operations.

Ondas expects Roboteam to add $3 million to $4 million in revenue in this year's fourth quarter and is projecting $30 million in revenue from the acquisition in 2026.

Needham analysts, led by Austin Bohlig, cited the company's "strong positioning and multiple growth levers unlocking value" for raising its price by more than 41%.

Bohlig said that "the global demand for unmanned systems is clearly accelerating, and Ondas' growing portfolio across UAS, UGV and counter-UAS positions the company well to capture this inflection."

"With momentum building across both defense and homeland security end markets and a health M&A pipeline in place, we see significant potential upside to the newly introduced 2026 targets," Bohlig added.

Ondas said earlier this month that it has secured $10 million in new purchase orders from critical infrastructure operators and government security customers.

The orders are being made across its autonomous systems portfolio, including counter-UAS solutions, integrated autonomous drone systems and robotic ground platforms.