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Lake Street Reaffirms Their Buy Rating on Ondas (ONDS)

Tipranks - Tue Apr 14, 8:26AM CDT

In a report released today, Max Michaelis from Lake Street maintained a Buy rating on Ondas, with a price target of $19.00.

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According to TipRanks, Michaelis is a 5-star analyst with an average return of 57.7% and a 55.77% success rate. Michaelis covers the Technology sector, focusing on stocks such as Ondas, Aehr Test Systems, and Quantum Computing.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ondas with a $20.14 average price target.

Based on Ondas’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $30.11 million and a GAAP net loss of $99.66 million. In comparison, last year the company earned a revenue of $4.13 million and had a GAAP net loss of $10.34 million

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