Key Highlights
- 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.
