Shares of Ondas Holdings Inc. (NASDAQ: ONDS) are surging in pre-market trading on Friday, jumping 5.10% following a bullish analyst report. The stock's upward movement comes after Northland Capital significantly raised its price target for the company.

Northland Capital, in a notable revision, has doubled its target price for Ondas Holdings from $5 to $10. This substantial increase in the price target suggests a considerably more optimistic outlook on the company's future prospects and potential value.

The market's immediate positive reaction, as evidenced by the pre-market surge, indicates that investors are aligning their expectations with the analyst's more bullish stance. Ondas Holdings, which operates in the wireless communications technology sector, appears to be gaining increased confidence from both analysts and investors alike. As the trading day progresses, it will be interesting to see if this early momentum carries through and how it might impact the stock's longer-term performance.