Needham analyst Austin Bohlig has reiterated their bullish stance on ONDS stock, giving a Buy rating yesterday.
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Austin Bohlig has given his Buy rating due to a combination of factors surrounding Ondas Holdings’ strategic acquisition of Sentrycs. This acquisition, valued at $225 million, positions Ondas to significantly enhance its presence in the rapidly growing counter-unmanned aircraft systems (C-UAS) market. The C-UAS sector is anticipated to be one of the most expansive segments within the unmanned systems industry, and this deal is expected to substantially broaden Ondas’ market opportunities.
Furthermore, Sentrycs, with its established deployments in 25 countries, is projected to have generated approximately $15 million in revenue in 2024, with expectations to double sales by 2025. The acquisition is seen as a high-margin growth catalyst for Ondas, particularly as larger C-UAS deployments are anticipated to commence in the United States and internationally by 2026. These factors collectively underpin Bohlig’s optimistic outlook and Buy rating for Ondas Holdings.
In another report released yesterday, Lake Street also maintained a Buy rating on the stock with a $8.00 price target.