Ondas Holdings Plunges Again Even as Analysts Forecast over 100% Upside on ONDS Stock

Ondas Holdings ONDS -8.44% ▼ is facing a disconnect between market action and analyst expectations following its latest earnings. Despite the stock plunging 8.44% on March 26, 2026, to close at $9.44, three major analysts issued updates yesterday that remain very bullish. These reports, which include several predictions that the stock price could more than double, show that Wall Street believes the company’s drone and autonomous systems business is about to take off.

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H.C. Wainwright Maintains a $25 Price Target with 165% Upside

Analyst Amit Dayal from H.C. Wainwright reiterated his Buy rating on March 26, 2026, maintaining a towering price target of $25. This target implies a 164.83% upside from the current low price. Dayal’s note explained that the massive gap between the stock price and their valuation is because the market does not yet see how easily the autonomous systems business can grow.

The report highlighted that the firm is “entering 2026 from a position of strength in the autonomous aerial and robotics markets with a sales pipeline of over $500M and multiple active M&A targets.” Dayal added that the company’s recent focus on high-margin software and service revenue is a key catalyst that will likely “support 50%-plus gross margins” as early as the middle of 2026.

Maxim Group Increases Price Target for Ondas

Joining the positive sentiment, Matthew Galinko from Maxim Group updated his forecast yesterday. Galinko officially raised his price target from $16 to $22 while reiterating his Buy rating. This new target signals a potential 133% gain for investors. The analyst’s revision is directly tied to the company’s raised financial goals and its strong cash position.

Galinko’s report pointed to the $1.5 billion in pro forma cash that Ondas now has following its series of strategic deals, directly stating that this capital provides “a strong foundation for executing its organic and M&A growth plans.” The analyst also “raises FY26 revenue estimate to $375M,” a massive jump that further supports their higher valuation.

Needham Reiterates Buy Rating too

A third new update on March 26 came from Austin Bohlig at Needham. While Bohlig kept his price target at $23, he reiterated his Buy rating, which implies a massive 143.64% upside. This report emphasized that the company’s diverse ecosystem, which includes drone infrastructure, AI software, and Counter-UAS (Unmanned Aerial Systems) defense, is creating long-term value.

Bohlig’s analysis noted that Ondas is effectively positioning itself to capture the “unmanned systems supercycle,” arguing that the current stock price does not reflect the visibility of their “$68M-plus backlog.” The report stated that the company “remains well positioned to gain share in a rapidly growing and diversifying autonomous systems market,” suggesting that the recent sell-off may be a significant buying opportunity.

Is Ondas Stock a Buy, Sell, or Hold?

Turning to Wall Street, the analysts’ consensus rating for Ondas is Strong Buy, based on seven unanimous Buy ratings over the past three months. With that comes an average ONDS stock price target of $19.86, representing a potential 110.38% upside for the shares.

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