Ondas initiated with a Buy at Maxim

Maxim analyst Matthew Galinko initiated coverage of Ondas with a Buy rating and $2.00 price target. The company’s drone assets are capable of autonomous operation for data collection in rural and urban settings, providing a flexibility advantage for organizations evaluating drone usage, and Maxim sees a steep revenue ramp in 2023 and 2024 as drone and wireless customer pipelines begin to convert, the analyst tells investors in a research note.