Ondas Holdings shares have climbed more than 500% in 2025. The defense-focused drone manufacturer has captured investor attention with stronger revenue targets and a growing order backlog.
The company’s recent investor day revealed plans to expand its autonomous systems platform across multiple domains. Management raised 2026 revenue guidance to $170-$180 million, a 25% increase from the previous target of $140 million.
Fourth-quarter 2025 revenue came in at $27-$29 million, beating prior expectations by 51%. Full-year 2025 revenue landed between $47.6 million and $49.6 million, surpassing earlier guidance by 23%.
The company’s backlog reached $65.3 million as of December 31, 2025. This represents a 180% jump from the $23.3 million reported in mid-November.
Ondas completed a $1 billion equity offering late last year. The company finished 2025 with a pro forma cash balance exceeding $1.5 billion, providing financial runway for expansion plans.
Public companies and individual investors control 84.99% of outstanding shares. ETFs hold 8.83% while mutual funds own 5.28%.
Vanguard leads institutional holders with a 3.60% stake. Vanguard Index Funds follows with 2.94% ownership.
The Vanguard Total Stock Market ETF owns 2.65% of shares. The VanEck Defense UCITS ETF holds 1.87%. Manager Directed Portfolios owns 1.57%.
Insiders hold just 0.87% of shares. Other institutional investors account for 0.03% of the ownership structure.
Stifel Nicolaus analyst Jonathan Siegmann recently lifted his price target to $17 from $13. This represents the highest target on Wall Street and implies roughly 40% upside from current levels.
Eight analysts cover the stock with unanimous Buy ratings. The average price target sits at $12, suggesting about 1% downside from recent trading levels.
The company’s Ondas Autonomous Systems unit drives growth through deployments of Iron Drone Raider and Optimus platforms. Recent acquisitions like Apeiro Motion and Roboteam add new revenue streams.
Management expects strong performance from counter-unmanned aerial systems, led by Iron Drone and Sentrycs platforms. Ground robotics offerings through Roboteam and Apeiro are gaining traction as customer adoption grows.
The 4M Smart Demining business should contribute as demining activity picks up. The company has evolved from specialized autonomous drone systems into a multi-domain global autonomy platform.
Competitor Red Cat Holdings reported Q4 2025 revenue between $24-$26.5 million, up from $1.3 million in the prior year. Full-year 2025 revenue reached $38-$41 million, a 153% jump from 2024.
Draganfly posted growth in Q3 2025 driven by defense, government and public safety markets. The Canada-based drone developer benefits from rising demand for NDAA-compliant drones and expanding military orders.
Ondas shares trade at a forward price-to-sales ratio of 31.03, well above the industry average of 2.25. The stock has gained 440.5% over the past six months compared to 8.9% for the communication network software industry.
The post Ondas (ONDS) Stock: Wall Street Analysts Issue Eight Buy Ratings appeared first on CoinCentral.
