$Ondas Holdings Inc.(ONDS)$ Mi

$Ondas Holdings Inc.(ONDS)$ Mistral Inc, a subsidiary of ONDS, has advanced to the DoD CDAO Swarm Forge Crucible 3 alongside AVAV, PLTR and LMT.

Q1 revenue jumped 10x to $50.1M, backlog is surging past $457M, and the FY26 revenue target has been raised to $390M. Military drone adoption is driving massive growth. The stock is currently trading near $7.38 with $1.48B in cash, and Wall Street consensus targets of $19 signal strong upside potential.

With defense contracts potentially landing, the setup here looks interesting.

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