ONDS
Ondas Holdings Inc.
NASDAQ: ONDS · TECHNOLOGY · COMMUNICATION EQUIPMENT
$8.89
-4.10% today
Updated 2026-06-22
Market cap
$4.83B
P/E ratio
103.67
P/S ratio
49.95x
EPS (TTM)
$0.09
Dividend yield
—
52W range
$1 – $15
Volume
68.4M
Ondas Holdings Inc. (ONDS) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed ONDS price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$8.89
Today
Analyst consensus
$17.25
+94.04% · 12M
2030 Base
$80.43
+804.71% future
NPV today
$37.01
@ 19% WACC
9 analysts:
7 Buy2 Hold0 Sell
Management guidance
CEO Eric Brock raised 2026 revenue guidance to $390M (May 2026 earnings call), representing 679% growth from $50.73M in FY2025. Company announced $457M in backlog (including Mistral and World View acquisitions) and targets company-wide profitability by Q1 2028. Recent orders exceed $110M in Q2 YTD (as of May 29, 2026), signaling strong execution on defense contracts.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
ONDS · Ondas Holdings Inc. · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$32.57
NPV today: $14.99
Base case (2030)
$80.43
NPV today: $37.01
Bull case (2030)
$161.42
NPV today: $74.28
WallStSmart.com
ONDS financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $0.1B | $0.4B | $0.7B | $1.1B | $1.5B | $1.9B |
| Revenue growth | 605.3% | 679.0% | 86.7% | 50.3% | 36.8% | 24.9% |
| Net margin | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| EPS | $-0.58 | $-0.14 | $-0.08 | $0.12 | $0.38 | $0.62 |
| Diluted shares | — | 505M | 506M | 506M | 507M | 507M |
| Net debt | — | $-745.47M | $-20.93M | $703.61M | $1.43B | $2.15B |
| P/S multiple | — | 23.0x | 23.0x | 23.0x | 23.0x | 23.0x |
| Implied price (base) | — | $19.22 | $33.14 | $48.30 | $65.06 | $80.43 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $1.9B | $1.9B | $1.9B |
| P/S multiple | 10.0x | 23.0x | 45.0x |
| Diluted shares | 507M | 507M | 507M |
| Net debt | $2.15B | $2.15B | $2.15B |
| Implied P/E † | 53x | 130x | 260x |
| 2030 Price | $32.57 | $80.43 | $161.42 |
| NPV @ 19% | $14.99 | $37.01 | $74.28 |
† Implied P/E: Multiples remain elevated across all three scenarios because ONDS is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $80.43 base case
ONDS catalysts and risks
Growth catalysts
+ Defense backlog conversion: $457M RPO provides visibility through 2027-2028; Mistral, Omnisys, and World View integrations unlock $1B+ in existing DoD contract vehicles
+ Counter-drone and autonomous systems market: Pentagon funding surge for drone defense; FIFA 2026 World Cup deployment; Israel border demining program ($68M awarded); U.S. Navy SOUTHCOM maritime domain awareness
+ AI battlefield orchestration: Omnisys BRO platform integration with Palantir partnership for multi-domain defense operations; LADOS platform launch (June 2026)
Key risks
- Integration execution risk: rapid M&A (Mistral, Omnisys, World View) creates operational complexity; company targeting Q1 2028 profitability but currently burning cash despite $1.04B in liquidity
- Profitability timeline uncertainty: analysts no longer expect break-even before 2028; operating margin at -94% (TTM); $176M+ operating loss projected for 2026 despite $390M revenue
- Share dilution overhang: Form 144 filings and Rule 424(b)(7) prospectus indicate potential insider selling and future equity raise; current 507.61M shares outstanding creates upside friction
Methodology · Ondas Holdings Inc. 2030 stock forecast model
Ondas Holdings Inc. 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 9 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (-2% cumulative for ONDS by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($2.15B by 2030) |
| 3. Time value | NPV calculated using 19% WACC (CAPM: beta 2.556) |
| 4. Multiple framework | P/S compresses with scale: bear 10.0x / base 23.0x / bull 45.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: June 12, 2026.
ONDS price target FAQ
What is the ONDS price target for 2030?
WallStSmart's Ondas Holdings Inc. 2030 base case is $80.43 per share, with a bull case of $161.42 and bear case of $32.57. The NPV of the base case discounted to today at 19% WACC is $37.01.
How is the Ondas Holdings Inc. 2030 stock forecast calculated?
The ONDS 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the ONDS price target account for dilution?
Ondas Holdings Inc. is projected to grow diluted share count from 517M to 507M by 2030 (a -2% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately -2%.
What is the analyst consensus on ONDS stock?
9 analysts cover ONDS with an average 12-month price target of $17.25. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.