Needham Says ‘Buy’ Ondas (ONDS) Stock, Firm Up 46%

Ondas Inc. (NASDAQ:ONDS) is one of the 10 Stocks With Effortless 38-78% Gains.

Ondas climbed by 45.9 percent week-on-week, after earning an optimistic coverage from an investment firm.

In a market note earlier in the week, Oppenheimer reaffirmed its “buy” recommendation and price target of $16 for shares of Ondas Inc. (NASDAQ:ONDS), marking a 21 percent upside potential from its latest closing price.

Ondas Holdings Inc. (ONDS) Guides Q4 Revenue Above Consensus

Photo from Ondas

The coverage coincided with Ondas Inc.’s (NASDAQ:ONDS) annual stockholders’ meeting, where all company resolutions were said to have secured shareholder approval, including the amendment to the 2021 Stock Incentive Plan, which would increase the number of shares to 81 million from 61 million at present.

“Everything passed. It was a public event. Grateful for the support of shareholders. We have a lot of hard work ahead,” Ondas Inc. (NASDAQ:ONDS) CEO Eric Brock said in a social media post.

In other news, the company told the Securities and Exchange Commission that certain shareholders have expressed an intention to sell more than 2.7 million shares in the company. The sellers are expected to implement sales on the Nasdaq from time to time.

While we acknowledge the risk and potential of ONDS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ONDS and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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