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The stock price has increased dramatically, up 280% in 2025, suggesting the possibility of a new rally ahead.
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Analysts have been consistently raising their price targets for the drone technology company.
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A diverse customer base could help push the stock higher in 2026.
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Ondas, which has seen its stock price rise more than fivefold in just six months, might be on the brink of becoming a “story stock.” This reflects optimism, but the actual price movement over time will determine if it truly achieves that status. Still, it seems plausible that this provider of drone and wireless technologies could continue to expand.
That said, some skepticism is understandable. The stock has almost quadrupled in the past year, making some investors question whether another substantial increase is likely in 2026. Those who doubt may end up regretting their caution, particularly as several factors support a bullish outlook for Ondas. There’s, I think, a solid basis for believing this stock will keep rising.
Currently, there are just eight sell-side analysts monitoring Ondas, which might be because of its market cap of $3.7 billion. All of them rate it as a “buy” or “strong buy.” Interestingly, analysts have steadily increased their price targets in recent months, with an average target of $11.50 indicating nearly an 18% upside from the stock’s closing price in 2025.
Well, I guess it’s possible that a thousand analysts can’t all be wrong, but if their optimism isn’t enough to entice potential investors, consider this: the drone market is projected to reach $69 billion, and that’s expected to more than double to $147.8 billion by 2036. Operating in such a rapidly growing sector is one way to achieve the status of a story stock, and Ondas fits that criterion.
On a related note, Ondas anticipates sales of at least $36 million in 2025, which could more than triple to $110 million this year. If the company hints at earnings exceeding $110 million in the first and second quarters, shares could potentially rise.
Interestingly, Ondas boasts other positive features that people might not often talk about. By the end of the third quarter, it held a pro forma cash balance of $840.4 million, and this financial strength allowed the creation of a $150 million investment division. These are characteristics not typically associated with financially unstable, high-risk growth companies.
In essence, Ondas might be a lower-risk growth story than some investors realize.
Before buying into Ondas stock, it’s worth considering some additional insights.
Our analysts have highlighted ten stocks they believe are better options right now, and surprisingly, Ondas isn’t one of them. These stocks appear to have considerable potential for impressive returns in the coming years.
