Ondas Gets Wall Street’s Backing As Analysts See Strong Autonomous Defense Demand

• In the fourth-quarter earnings call on Wednesday, Ondas Chairman and CEO Eric Brock highlighted rising revenue and broader market adoption.
• Northland described Ondas as progressing toward a scaled, multi-domain, autonomous systems leader.
• Maxim increased its price target on Ondas to $22 from $16, reiterating a ‘Buy’ rating.

Ondas Holdings Inc. (ONDS) is drawing Wall Street’s attention on Thursday as analysts raised price targets following management's comments on strong demand for its autonomous defense technologies.  

In the fourth-quarter (Q4) earnings call on Wednesday, Ondas Chairman and CEO, Eric Brock, said the company’s business momentum is driven by rising revenue and broader market adoption, while strategic acquisitions are enhancing capabilities. 

He emphasized that these efforts are building a scalable platform designed for global expansion, localized execution, and sustained long-term growth.

Northland Sees 75% Upside

Northland Capital lifted its price target on Ondas to $18 from $16 while maintaining an ‘Outperform’ rating, citing "torrid demand" highlighted during the company's earnings call.

The firm described Ondas as progressing toward a scaled, multi-domain, autonomous systems leader with $1.5 billion in cash available to pursue market consolidation opportunities.

The new price target implies a 75% upside potential to the stock’s closing price on Wednesday.

Ondas stock traded over 5% lower on Thursday mid-morning. On Stocktwits, retail sentiment around the stock remained in ‘bullish’ territory amid ‘high’ message volume. 

Maxim Highlights Defense Budget Benefits 

Similarly, Maxim increased its price target on Ondas to $22 from $16, reiterating a ‘Buy’ rating and implying a 113% upside potential to the stock’s closing price on Wednesday. 

The firm noted the company's global "System of Systems" approach positions it to benefit from increasing defense budgets and rising demand for autonomous technologies. 

Maxim sees the company’s current cash reserves to support operations until breakeven in 2028, according to the earnings call. On Monday, Ondas raised its 2026 revenue forecast to at least $375 million, marking nearly a sevenfold increase from 2025 and more than doubling its prior guidance. 

ONDS stock has gained over 18% year-to-date. 

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