Ondas Holdings (ONDS) Climbs 23% on Bullish Outlook, Q3 Blowout
We recently published 10 Market Movers That Made Millionaires in a Week. Ondas Holdings Inc. (NASDAQ:ONDS) is one of the best-performing stocks of the past trading week.
Ondas Holdings soared by 23.58 percent week-on-week as investors took heart from an investment firm’s bullish outlook for the stock, while also cheering its stellar earnings performance in the third quarter of the year.
In its market note, investment firm Oppenheimer raised its rating for Ondas Holdings Inc. (NASDAQ:ONDS) to “outperform” from “perform” previously, while issuing a price target of $12 or an implied 67 percent upside potential from its closing price of $7.18 on Friday.
The upgrade followed Ondas Holdings Inc.’s (NASDAQ:ONDS) strong earnings performance for the periods July to September, having trimmed its net loss attributable to shareholders by 17.7 percent to $8.78 million from $10.67 million in the same period last year.
Meanwhile, revenues surged by 582 percent to $10.1 million from $1.48 million year-on-year, primarily driven by 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.
Copyright: andreypopov / 123RF Stock Photo
On the flip side, adjusted EBITDA loss grew by 23 percent to $8.76 million from $7.1 million.
Looking ahead, Ondas Holdings Inc. (NASDAQ:ONDS) said it expects higher revenues of $36 million, as compared with $25 million 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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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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