Citizens reiterated its Market Outperform rating and $14.00 price target for Ondas Holdings Inc. on November 2, 2026, following positive company updates on IonStrike. The counter-drone system is designed to intercept next-generation Shahed drones at a significantly lower cost than the targets themselves.
Citizens highlighted features of the new V3 IonStrike, including ducted-fan propulsion and a proximity-detonating warhead. The warhead is intended to improve effectiveness compared with direct-collision interceptors.
Citizens views the system’s combination of drone and missile capabilities as a strong differentiator in the defense market. The firm also noted continued deal momentum for the platform and expects further updates in the near term.