Citizens initiated research coverage on Ondas Holdings (NASDAQ:ONDS). It assigned a "Market Outperform" rating. Citizens set a price target of $14.00 per share. This target suggests a significant potential upside of approximately 93%. The stock's previous closing price was $7.24.
The investment firm called Ondas a "dynamic player" in the autonomous systems market. Analysts highlighted the company's platform. It operates across four high-growth areas. These areas include aerial security and autonomous ground systems.
Ondas announced a new $56 million order. This announcement coincided with the coverage initiation. Shares rose following the news.