NASDAQ: ONDS
Key Data Points
Ondas (ONDS +5.09%), a provider of autonomous drone infrastructure, artificial intelligence, and automated data solutions, closed Tuesday at $13.13, up 8.18%. The stock moved higher during the regular session as multiple firms raised price targets following Ondas’ 2026 revenue forecast increase.
Trading volume reached 148.9 million shares, coming in about 55% above compared with its three-month average of 96.4 million shares. Ondas IPO'd in 2020 and has grown 120% since going public.
How the markets moved today
The S&P 500 (^GSPC 1.52%) fell 2.06% to finish Tuesday at 6,797, while the Nasdaq Composite (^IXIC 1.78%) lost 2.39% to close at 22,954. Industry peers Ciena (CIEN 0.73%) closed at $241.21, down 0.91%, and Lumentum (LITE 8.14%) ended at $356.83, gaining 10.05%, underscoring mixed sentiment.
What this means for investors
Ondas erased some of this week's losses today. Shares dipped in early trading on the back of dilution fears following a $1 billion direct share offer. However, a slew of price upgrades turned the tide as Wall Street returned from the holiday weekend.
H.C. Wainwright maintained its "Buy" rating and pushed its price target from $12.00 to $25.00. It pointed to its sales pipeline of over $500 million and strong position in the autonomous aerial and robotics markets. Oppenheimer (OPY 2.35%), Needham, and Lake Street also increased their price targets.
Last week, Ondas increased its revenue forecast for the 2026 fiscal year from $170 million to $180 million. At an investor day on Friday, Jan. 16, the firm told analysts its Q4 2025 revenue would be over 50% higher than last year.
