Lake Street Capital has commenced coverage on Ondas Holdings Inc. (ONDS, Financial) with an initial Buy rating, setting a price target of $2.50. The firm identifies the company as a promising opportunity in the burgeoning sector of advanced autonomous systems, particularly drones.
Ondas is positioned to cater to the increasing demand from enterprises and government bodies striving to improve efficiency, bolster security, and enhance data collection capabilities. The analyst's confidence is grounded in the belief that the company's technological offerings align well with these growing needs in the market.
This outlook by Lake Street suggests that Ondas could see favorable growth as the adoption of drone technology continues to expand across various sectors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Ondas Holdings Inc (ONDS, Financial) is $2.67 with a high estimate of $4.00 and a low estimate of $1.50. The average target implies an upside of 227.60% from the current price of $0.81. More detailed estimate data can be found on the Ondas Holdings Inc (ONDS) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Ondas Holdings Inc's (ONDS, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Ondas Holdings Inc (ONDS, Financial) in one year is $1.19, suggesting a upside of 46.19% from the current price of $0.814. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Ondas Holdings Inc (ONDS) Summary page.
