Stock Market Today, Jan. 20: Ondas' Strong 2026 Outlook Impresses Analysts

Ondas (NASDAQ:ONDS), a provider of autonomous drone infrastructure, artificial intelligence, and automated data solutions, closed Tuesday at $13.13, up 8.18%. The stock moved higher during the regular session as multiple firms raised price targets following Ondas’ 2026 revenue forecast increase.

Trading volume reached 148.9 million shares, coming in about 55% above compared with its three-month average of 96.4 million shares. Ondas IPO'd in 2020 and has grown 120% since going public.

How the markets moved today

The S&P 500 (SNPINDEX:^GSPC) fell 2.06% to finish Tuesday at 6,797, while the Nasdaq Composite (NASDAQINDEX:^IXIC) lost 2.39% to close at 22,954. Industry peers Ciena (NYSE:CIEN) closed at $241.21, down 0.91%, and Lumentum (NASDAQ:LITE) ended at $356.83, gaining 10.05%, underscoring mixed sentiment.

What this means for investors

Ondas erased some of this week's losses today. Shares dipped in early trading on the back of dilution fears following a $1 billion direct share offer. However, a slew of price upgrades turned the tide as Wall Street returned from the holiday weekend.

H.C. Wainwright maintained its "Buy" rating and pushed its price target from $12.00 to $25.00. It pointed to its sales pipeline of over $500 million and strong position in the autonomous aerial and robotics markets. Oppenheimer (NYSE:OPY), Needham, and Lake Street also increased their price targets.

Last week, Ondas increased its revenue forecast for the 2026 fiscal year from $170 million to $180 million. At an investor day on Friday, Jan. 16, the firm told analysts its Q4 2025 revenue would be over 50% higher than last year.

Emma Newbery has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Ciena. The Motley Fool recommends Lumentum. The Motley Fool has a disclosure policy.