New Price Target for Ondas Holdings Ahead of Growth Projections

I know. I just wrote to our "Stocks Under $10" readers on Friday covering Ondas Holdings (ONDS)  to raise my target price from $11.70 to $13.50. 

I had just written a piece on the stock a couple of days before that reiterating that $11.70 target. When I wrote the January 2 piece, the last sale for the shares was $10.50. When I wrote the December 30 piece, the last sale was $8.90. On Thursday morning, in early trade, the shares breached my $13.50 target. Incredible.

As a small designer and manufacturer of autonomous and swarm drones, not just airborne but also land-based, there has been increased interest in the name of late, along with larger rivals such as Kratos Defense (KTOS)  and AeroVironment (AVAV) . The stock did sell off on Wednesday with other defense stocks and has rallied overnight, with other defense stocks.

At $13.50, ONDS is up 85% from its mid-December low and up 173% from its mid-November low. We first brought this name to your attention on November 12 at the request of a subscriber, so though I cannot take full credit for this one, the "Stocks Under $10" column can once again claim a huge three-digit (percentage wise) victory. "Stocks Under $10" has made a regular habit of outperforming, by an incredibly wide margin, basically everything in sight for about three years now.

This is not a personal boast, as subscribers such as this one have certainly contributed along the way, but I do back the ideas that I embrace with my own "skin" in the game. I doubt very much that a lot of whomever may be our competitors out there will do that. Back to Ondas...

Last Friday

I informed readers that Ondas Holdings had announced that the firm would be changing its corporate name to Ondas Inc and that the firm would also be relocating its corporate headquarters from Boston, Massachusetts to West Palm Beach, Florida. The firm implied that this was to better support its next phase of growth, but one has to wonder if maybe this was partially to reduce taxes, too. That's why so many companies and individuals are making similar moves to tax-friendly states.

CEO Eric Brock commented: 

"While Ondas Holdings reflected an earlier phase of our development, today, we operate as a scaled, global defense and security technology platform serving both government and commercial customers, with integrated products, services, manufacturing, and operations." 

Brock added: 

"Renaming the Company to Ondas Inc. will better align our corporate identity with the operating platform we have built and the global, dual-use markets we serve."

New News

A week from Friday, on January 16, Ondas will be holding its Investor Day 2026. Investors will be treated to a comprehensive update on the firm's forward-looking business plan. The day's events will highlight the firm's operating platforms, manufacturing ability, go-to-market execution and capital formation expectations. 

In addition, Ondas expects to provide the firm's financial update and issue guidance for 2026. The firm will let us know where it sees future sales growth, capex priorities and what it sees as available operating leverage as the company scales to meet increased demand.

The Chart​

Last week, the shares were up against what looked like resistance at the central trendline of our Andrews' pitchfork model. That resistance lasted a day. 

Earlier this week, the stock ran into trouble at the upper trendline of this model and will test that line again on Thursday morning, making that our new pivot. We make sure that we take something, even if just a token, at targets when they are breached. That's discipline.

Relative strength is an excellent place. The daily MACD is just as bullish looking as it was last week. The stock is in great shape technically. That does not mean that there won't be some give and take or some profit taking at some point. That's why we have a plan. Key to note that 21% of the ONDS float is held in short positions.

Target Price: $16.50 (up from $13.50) 

Pivot: Upper Trendline of the pitchfork (currently $13.30)

Add: Down to the 50-day SMA ($8.00)

Panic: Still, no reason to panic seen at this time

At the time of publication, Guilfoyle was long ONDS equity.