Ondas Expands Drone Platform With Omnisys Acquisition, SkyWeaver Initiative, Oppenheimer Says

MT Newswires Live

05/28

Ondas' (ONDS) recent acquisition of defense software company Omnisys will further increase its moat, with the company also developing an autonomous fighting platform called SkyWeaver with Palantir Technologies (PLTR), Oppenheimer said in a note on Thursday.

Oppenheimer said that these two developments could be stepping stones to a comprehensive swarm technology platform for the company, which it sees as the "holy grail" of autonomous systems.

Additionally, Oppenheimer reiterated its view that Ondas is a major pure-play drone winner with its first-mover advantage key to locking in government contracts and gaining share as Pentagon's proposed 2027 budget earmarks $75 billion for drones from $16 billion previously.

Oppenheimer has an outperform rating on the stock with a $16 price target.

Shares of Ondas rose nearly 18% in Thursday trading.

Price: 12.73, Change: +1.93, Percent Change: +17.82

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