6. Ondas Inc. (NASDAQ:ONDS)
Market Cap: $4.9 Billion
Potential Upside: 65.1%
Ondas Inc. (NASDAQ:ONDS) is among the best pure-play robotics stocks to buy now. On March 10, Needham analyst Austin Bohlig reaffirmed his Buy rating on the stock with a $17.0 price target. The analyst’s bullish stance was supported by its $175 million deal to acquire U.S. defense prime contractor Mistral Inc. on March 9.
Bohlig believes that this acquisition will substantially expand Ondas Inc.’s (NASDAQ:ONDS) position in providing mission-critical systems to defense and law enforcement customers. Moreover, in the current defense spending upcycle, domestically manufactured, NDAA-compliant solutions seem to be in a favourable position, and Mistral should therefore support the company’s market share gains by bringing prime contractor access to U.S. defense programs and manufacturing infrastructure. The analyst expects Mistral to contribute around $100 million to Ondas’ 2026 revenue and also improve profitability.
Around the same time, Ondas Inc. (NASDAQ:ONDS) announced several other developments that supported its growth outlook. On March 10, one of its subsidiaries won a demining program order worth $15.8 million, which involves clearing legacy minefields and unexploded ordnance. Two days later, a partnership with Palantir was announced to develop AI-enabled intelligence, surveillance, and reconnaissance capabilities across various platforms.
Ondas’s robotics exposure comes from its Ondas Autonomous Systems (OAS) segment, which includes a range of autonomous platforms such as aerial drones, unmanned ground vehicles (UGVs), quadruped robots, and other mission-focused systems. Within this segment, Roboteam unit develops tactical ground robots used in defense operations, while Apeiro Motion and 4M Defense units add capabilities in mobility and demining.
Amid a strong demand for its products, Ondas shares have risen massively in recent periods, with over 1,250% return in the past one year. It is up around 12% year-to-date.
Ondas Inc. (NASDAQ:ONDS) operates two main businesses. Ondas Networks provides private wireless data solutions, while Ondas Autonomous Systems includes American Robotics and Airobotics, which focus on commercial and industrial drone operations.
While we acknowledge the potential of ONDS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ONDS and that has 100x upside potential, check out our report about the cheapest AI stock.
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