New York, Jan 20, 2026, 12:39 ET — Regular session
Ondas Inc shares surged nearly 16% Tuesday, pushing the small-cap drone and private wireless company close to $14 following several Wall Street price-target upgrades. The stock last traded at $14.10, bouncing back from a session low of $11.20, on volume around 103 million shares.
These shifts are significant since Ondas has emerged as a momentum player in defense tech. New analyst price targets often attract fresh buyers amid surging volume. Investors are watching closely to see if the company can translate its roll-up approach into steady sales rather than just generating buzz.
Ondas is also banking on “OAS,” its Ondas Autonomous Systems division, as it piles on acquisitions and pushes a full “end-to-end” unmanned and counter-drone offering. The field is crowded, yet the promising market story has kept traders locked onto revenue goals and contract announcements.
H.C. Wainwright bumped its price target up to $25 from $12. Needham also lifted its target, now $17 versus the previous $12. Oppenheimer raised its target to $16 from $12, maintaining a positive outlook.
H.C. Wainwright’s Amit Dayal highlighted the company’s strong starting position for 2026, pointing to the recent $1 billion capital raise, an improved revenue forecast for 2026, and extended timeline targets as reasons for his raised price target.
Northland’s Michael Latimore highlighted management’s robust $170 million to $180 million revenue forecast for fiscal 2026, noting that more acquisitions “are likely.” He also described the company as an emerging “autonomous aerial and ground systems juggernaut.” TipRanks
Oppenheimer analyst Timothy Horan called the updated 2026 and 2030 guidance conservative following last week’s investor day. He highlighted growing “momentum and visibility” as Ondas advances its “system of systems” platform. TipRanks
Ondas, based in West Palm Beach, Florida, gave a sneak peek of stronger numbers on Jan. 16. The company projected fourth-quarter revenue between $27 million and $29 million, with full-year 2025 revenue expected to land in the $47.6 million to $49.6 million range. It reported an estimated backlog of $65.3 million and noted pro-forma cash topping $1.5 billion. Ondas also raised its 2026 revenue forecast to $170 million to $180 million.
The cash amount comes after a registered direct offering that closed on Jan. 12, during which the company sold common shares and pre-funded warrants bundled with common-stock warrants, aiming for around $959.2 million in net proceeds. Oppenheimer headed the placement, joined by Needham, Stifel, Lake Street, Northland, and H.C. Wainwright as co-placement agents.
In a separate filing Tuesday, Ondas revealed its audit committee has signed off on dropping Rosenberg Rich Baker Berman as its independent auditor, effective once the 2025 audit wraps up and the 2025 annual report on Form 10-K is filed. The company has hired BDO USA to handle the 2026 fiscal year audit. Ondas noted that its previous auditor’s reports contained an explanatory paragraph expressing “substantial doubt” about the company’s ability to continue as a going concern — a clear red flag signaling potential financing troubles if cash requirements aren’t fulfilled.
This trade has obvious risks. Ondas’ 2026 targets come straight from management, and the Jan. 16 numbers were preliminary, unaudited. Missing those could weigh on a stock that’s been driven more by story and projections than results. Plus, the warrant overhang from the January financing means dilution could hit if those warrants get exercised. The switch in auditors adds another layer of scrutiny ahead of the 10‑K filing.
Traders will next focus on whether the analyst target resets spark follow-through, particularly any fresh contract disclosures. Ondas has also said it plans to release its audited 2025 results and annual report in March.
