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.

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.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.