Ondas Expands Drone Platform With Omnisys Acquisition, SkyWeaver Initiative, Oppenheimer Says

MT Newswires Live05-28 23:15

Ondas' (ONDS) recent acquisition of defense software company Omnisys will further increase its moat, with the company also developing an autonomous fighting platform called SkyWeaver with Palantir Technologies (PLTR), Oppenheimer said in a note on Thursday.

Oppenheimer said that these two developments could be stepping stones to a comprehensive swarm technology platform for the company, which it sees as the "holy grail" of autonomous systems.

Additionally, Oppenheimer reiterated its view that Ondas is a major pure-play drone winner with its first-mover advantage key to locking in government contracts and gaining share as Pentagon's proposed 2027 budget earmarks $75 billion for drones from $16 billion previously.

Oppenheimer has an outperform rating on the stock with a $16 price target.

Shares of Ondas rose nearly 18% in Thursday trading.

Price: 12.73, Change: +1.93, Percent Change: +17.82

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment