In a report released yesterday, Matthew Galinko from Maxim Group maintained a Buy rating on Ondas Holdings (ONDS – Research Report), with a price target of $1.50.
Matthew Galinko has given his Buy rating due to a combination of factors that highlight Ondas Holdings’ potential for significant growth. The company’s 4Q24 results showed a promising outlook, with revenue surpassing expectations and a notable improvement in their balance sheet. Despite a revenue target for 2025 that falls below consensus, the anticipated 248% year-over-year growth driven by their drone business, Ondas Autonomous Systems, is a key factor in the positive rating.
Additionally, the company’s strategic partnership with Palantir aims to enhance operations through AI software, which could further expand their platform. Ondas Holdings also reported a strong cash position at the end of 4Q24, which, combined with an expected decline in their annual burn rate as revenue increases, suggests a solid financial footing. The potential for substantial revenue scaling from military orders and a robust business development pipeline in various regions further supports the Buy rating, with a maintained price target of $1.50.
In another report released yesterday, Northland Securities also maintained a Buy rating on the stock with a $4.00 price target.
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