Needham Raises Ondas (ONDS) Growth Forecast After CEO Meetings, Citing Successful M&A and New Contract Wins Driving Surge in Demand

Ondas Holdings Inc. (NASDAQ:ONDS) is one of the best Reddit stocks to invest in right now. On December 11, Needham analyst Austin Bohlig raised the firm’s price target on Ondas to $12 from $10 and kept a Buy rating on the shares. Needham raised its growth forecast for Ondas after two days of meetings with the CEO, noting that the firm is now more upbeat about the company’s trajectory. Bohlig concluded that Ondas effectively executed its organic and inorganic growth strategy, leading to a surge in demand driven by recent M&A activity and new contract wins.

Earlier in Q3 2025, Ondas Holdings reported a revenue of $10.1 million, which marked a significant increase of more than sixfold year-over-year compared to Q3 2024. This led the company to raise its full-year 2025 revenue target to at least $36 million and establish a preliminary 2026 revenue goal of at least $110 million. The consolidated backlog also saw substantial growth, reaching $23.3 million, which is more than double the amount from the beginning of the year, with expectations to exceed $40 million by the end of 2025 due to recent acquisitions.

One of the company’s strategic acquisitions was Sentrycs, which enhances the company’s counter-UAS (Unmanned Aerial Systems) capabilities. Management views the opportunity for additional M&A as substantial, with a broader pipeline potentially adding more than $500 million to the 2026 revenue target. The current bulk of revenue is expected to come from platform sales and infrastructure build-outs in the next 12 to 18 months, with a gradual shift toward recurring revenue from services as the installed base grows and commercial markets develop.

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.