Oppenheimer Reinstates Wix and Monday.com to Recommended Israeli Stock List
Translated & summarized from TheMarker by baba
Investment firm Oppenheimer has added Wix, Monday.com, and SentinelOne to its recommended Israeli stock list. Wix and Monday.com were previously removed in February and April, respectively, but are now reinstated. Oppenheimer views Monday.com and SentinelOne as potential acquisition targets, citing a recent sale as supporting evidence.
The story in 5 lines · by baba
- Oppenheimer reinstated Wix and Monday.com to its recommended Israeli stock list.
- Wix was removed from the list in February, and Monday.com in April.
- Both companies are returning to the list ahead of third-quarter earnings reports.
- Cybersecurity firm SentinelOne was also added to the list.
- Oppenheimer considers Monday.com and SentinelOne potential acquisition targets.
Investment firm Oppenheimer has reinstated Wix and Monday.com to its quarterly list of recommended Israeli stocks, after removing them earlier this year. Wix was delisted in February, followed by Monday.com in April. Both companies are now returning to the list ahead of the third-quarter earnings reports, eight and six months respectively after their removal. Oppenheimer also added cybersecurity firm SentinelOne to the list, viewing it, like Monday.com, as a potential acquisition target. The firm cited the sale of Varonis as further evidence supporting this acquisition scenario.