Stifel Initiates Ondas Holdings (ONDS) with Buy Rating Highlighting Generational Inflection Point in Military Drone Adoption

Ondas Holdings Inc. (NASDAQ:ONDS) is one of the most active US stocks to buy according to analysts. On December 15, Stifel analyst Jonathan Siegmann initiated coverage of Ondas with a Buy rating and $13 price target. The firm believes that Ondas is positioned to lead the unmanned systems market. Stifel advised investors to overlook high current valuation multiples and suggested that these figures simply reflect the early stages of the drone industry’s disruptive integration into military operations.

Earlier on December 11, Needham analyst Austin Bohlig raised the firm’s price target on Ondas to $12 from $10, while maintaining a Buy rating on the shares. After two days of investor meetings with the CEO, the firm has grown increasingly optimistic about Ondas’ growth trajectory. Needham remains impressed by the company’s execution of both organic and inorganic strategies. Demand is now believed to be accelerating even faster than management projected during the Q3 2025 earnings call due to recent acquisitions and new contract wins.

Stifel Initiates Ondas Holdings (ONDS) with Buy Rating Highlighting Generational Inflection Point in Military Drone Adoption

In Q3 2025, Ondas Holdings reported record-breaking financial results that were headlined by a more than sixfold year-over-year revenue surge to $10.1 million. This growth was majorly driven by the Ondas Autonomous Systems/OAS division, which alone contributed $10 million. The company’s consolidated backlog doubled since the start of the year to $23.3 million, a figure expected to exceed $40 million by year-end. Consequently, management raised its full-year 2025 revenue target to ~$36 million and established an ambitious 2026 goal of ~$110 million.

Ondas Holdings Inc. (NASDAQ:ONDS) provides private wireless, drone, and automated data solutions in the US and internationally. It operates through two segments: Ondas Networks and Ondas Autonomous Systems.

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Disclosure: None. This article is originally published at Insider Monkey.