Ondas Holdings Inc. (ONDS) saw its stock price surge 5.11% during the intraday session on Monday, driven by positive developments surrounding the company's financial activities and analyst sentiment.

The company announced net proceeds of approximately $959.2 million from a recent offering, as disclosed in an SEC filing. This significant capital raise is likely to bolster investor confidence in the company's growth prospects. Additionally, Ondas Holdings entered into a placement agent agreement with Oppenheimer & Co., further strengthening its financial positioning.

Adding to the bullish momentum, Stifel raised its target price for Ondas Holdings from $13 to $17, signaling strong optimism about the company's future performance. This analyst upgrade has further fueled buying interest in the stock.