Is Ondas Inc. (ONDS) One of the Best Hot Stocks Under $20 to Buy?

Ondas Inc. (NASDAQ:ONDS) is one of the best hot stocks under $20 to buy. On February 23, Northland Securities maintained a Buy rating on Ondas Inc. (NASDAQ:ONDS) with a price target of $16.

In a separate development, Ondas Inc. (NASDAQ:ONDS) announced on February 17 that its subsidiary Sentrycs successfully delivered and deployed its C-UAS solutions to a German State Police office. Sentrycs is a global leader in counter-drone (C-UAS) technology based on Protocol Manipulation.

Management reported that the milestone highlights the increasing demand for lawful, non-disruptive drone mitigation, along with Sentrycs’ growing role in European law enforcement. The successful delivery and deployment coincide with the upcoming launch of Sentrycs Scout, which is Sentrycs’ new man-carried system, at the Enforce Tac exhibition in Germany. Ondas Inc. (NASDAQ:ONDS) reported that the launch is a notable milestone for the company, as it marks its entry into a new multi-billion-dollar segment of the rapidly expanding counter-UAS market.

Ondas Inc. (NASDAQ:ONDS) also received a rating update from Lake Street on February 9, with the firm reaffirming a Buy rating on the stock and setting a price target of $19.00.

Ondas Inc. (NASDAQ:ONDS) develops, markets, and sells wireless radio systems for secure, wide-area mission-critical business-to-business networks. The company’s operations are divided into the Ondas Networks and Ondas Autonomous Systems segments.

While we acknowledge the potential of ONDS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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