On August 14, Ondas Holdings Inc. rose 5.27% in regular trading, trading at $9.58/share with turnover of $97.79 million, rebounding sharply from the prior session's 9% decline.
The recovery was driven by multiple catalysts. Oppenheimer raised its price target on the stock to $18 from $16 while maintaining an Outperform rating, bringing the average analyst target to $19.28. Separately, the U.S. announced tariffs on imported drones and components, a policy move broadly favorable for domestic drone manufacturers including Ondas.
The stock had sold off on August 13 after its Q2 EPS loss of $0.19 significantly missed the consensus estimate of $0.13, despite revenue of $83.8 million far exceeding the $68 million forecast and full-year guidance being raised to $525-550 million from the prior minimum of $390 million. The strong top-line momentum, expanded backlog of $757 million pro forma, and renewed analyst confidence helped fuel the intraday rebound.
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