Ondas Holdings (ONDS) Soars 9% as Analyst Turns Bullish, Raises PT, Rating
We recently published Lackluster Market? Not for These 10 Soaring Stocks. Ondas Holdings Inc. (NASDAQ:ONDS) is one of the best-performing stocks on Friday.
Ondas Holdings rallied for a second day on Friday, jumping 9.45 percent to close at $7.18 apiece as investors took heart from an investment firm’s bullish rating for its stock.
In a market note on the same day, Oppenheimer upgraded Ondas Holdings Inc. (NASDAQ:ONDS) to “outperform” from “perform” previously, while giving it a price target of $12 or an implied 67 percent upside potential from its latest closing price.
The upgrade followed Ondas Holdings Inc.’s (NASDAQ:ONDS) strong earnings performance in the third quarter of the year, with net loss attributable to shareholders shrinking by 17.7 percent to $8.78 million from $10.67 million in the same period last year. The figure included an increase of $2 million in interest and dividend income from the higher cash balance, as well as a $6.9 million unrealized gain on minority equity investments made during the third quarter.
Meanwhile, revenues soared by 582 percent to $10.1 million from $1.48 million year-on-year, on the back of strong delivery volumes from Iron Drone and Optimus systems under its contracts with military and public safety customers, coupled with revenues from the recent Apeiro Motion acquisition.
Adjusted EBITDA loss, on the other hand, grew by 23 percent to $8.76 million from $7.1 million.
For the full-year 2025, Ondas Holdings Inc. (NASDAQ:ONDS) expects higher revenues of $36 million, versus the $25 million targeted previously, reflecting the continued strong performance of the core OAS business as well as the addition of newly acquired businesses since the beginning of the second quarter of 2025.
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Disclosure: None. This article is originally published at Insider Monkey.
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