Stock Track | Ondas Holdings Soars 5.06% as Analysts Raise Price Targets

Stock Track01-20 22:36

Ondas Holdings Inc. (ONDS) saw its stock price surge by 5.06% during the intraday session on Tuesday, driven by positive analyst actions.

Brokerages H.C. Wainwright & Co. and Needham significantly raised their price targets for Ondas Holdings. H.C. Wainwright increased its target to $25 from $12, citing the company's strong product portfolio, technology capabilities, and balance sheet, which position it to pursue large commercial and military orders in a market worth over $7 billion annually. Needham also raised its target to $17 from $12, reflecting optimism about the company's growth prospects.

These upgrades have bolstered investor confidence, leading to increased buying activity and the stock's notable rise.

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