Butterfly Network (NYSE:BFLY) Stock Price Expected to Rise, TD Cowen Analyst Says

Butterfly Network (NYSE:BFLY) had its price target lifted by equities research analysts at TD Cowen from $4.50 to $6.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price target suggests a potential upside of 61.55% from the company’s current price.

Several other research firms have also recently commented on BFLY. Lake Street Capital increased their target price on Butterfly Network from $4.00 to $5.50 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Loop Capital set a $5.00 price objective on shares of Butterfly Network in a research note on Wednesday, December 31st. Wall Street Zen raised shares of Butterfly Network from a “sell” rating to a “hold” rating in a research report on Sunday, November 23rd. Finally, Craig Hallum restated a “buy” rating and issued a $5.25 target price on shares of Butterfly Network in a research note on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $5.44.

Butterfly Network Trading Down 20.5%

NYSE:BFLY traded down $0.96 on Friday, reaching $3.71. The stock had a trading volume of 9,071,849 shares, compared to its average volume of 6,740,161. The company has a 50-day moving average of $3.81 and a 200 day moving average of $2.76. The stock has a market cap of $938.16 million, a P/E ratio of -11.29 and a beta of 2.27. Butterfly Network has a 12-month low of $1.32 and a 12-month high of $5.03.

Butterfly Network (NYSE:BFLY) last announced its earnings results on Thursday, February 26th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $31.51 million for the quarter, compared to analyst estimates of $26.25 million. Butterfly Network had a negative return on equity of 37.80% and a negative net margin of 90.31%. On average, equities analysts predict that Butterfly Network will post -0.35 EPS for the current year.

Insider Activity at Butterfly Network

In other news, Director Jonathan M. Rothberg sold 769,327 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $3.27, for a total transaction of $2,515,699.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold 4,725,727 shares of company stock worth $16,172,849 over the last three months. 25.18% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Butterfly Network by 4.3% in the third quarter. Vanguard Group Inc. now owns 11,040,080 shares of the company’s stock valued at $21,307,000 after buying an additional 453,258 shares during the last quarter. ARK Investment Management LLC grew its position in shares of Butterfly Network by 1.6% during the fourth quarter. ARK Investment Management LLC now owns 6,244,427 shares of the company’s stock worth $23,729,000 after acquiring an additional 99,079 shares during the last quarter. Hood River Capital Management LLC increased its holdings in shares of Butterfly Network by 3.6% in the 2nd quarter. Hood River Capital Management LLC now owns 5,127,383 shares of the company’s stock worth $10,255,000 after acquiring an additional 176,515 shares during the period. Geode Capital Management LLC increased its holdings in shares of Butterfly Network by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 4,679,120 shares of the company’s stock worth $17,785,000 after acquiring an additional 75,243 shares during the period. Finally, AWM Investment Company Inc. lifted its position in Butterfly Network by 750.0% in the 4th quarter. AWM Investment Company Inc. now owns 3,400,000 shares of the company’s stock valued at $12,920,000 after purchasing an additional 3,000,000 shares during the last quarter. 37.85% of the stock is currently owned by institutional investors.

Key Butterfly Network News

Here are the key news stories impacting Butterfly Network this week:

• Positive Sentiment: Q4 results beat revenue and EPS expectations: Butterfly reported $31.5M in revenue (vs. ~$26.3M consensus) and a loss of $0.02 per share (better than the $0.04 loss expected). The print shows accelerating sales versus a year ago and a narrower loss. Businesswire: Fourth Quarter 2025 Financial Results
• Positive Sentiment: Raised FY‑2026 revenue outlook: Management issued revenue guidance of $117M–$121M versus a street consensus of ~$108.5M, signaling stronger top‑line growth and giving analysts room to lift revenue forecasts. Businesswire: Guidance
• Positive Sentiment: Unusually heavy bullish options flow: Traders bought 10,005 call contracts on Thursday (about +146% vs. average), which can indicate speculative bullish interest or hedging ahead of the print and guidance.
• Neutral Sentiment: Strategic/tech thesis: A Seeking Alpha piece argues Butterfly’s semiconductor‑based handheld ultrasound plus AI (Compass) could create a “computer‑vision flywheel” for enterprise POCUS governance and workflow integration — a longer‑term, structural upside case but dependent on adoption. Seeking Alpha: Ultrasound‑On‑Chip And AI Flywheel
• Neutral Sentiment: Call transcript and filings available: The full Q4 2025 earnings call transcript and the company press release provide detail on margin trends, cadence of enterprise deals and Compass deployment — useful for investors digging into margin outlook and cadence of revenue recognition. Seeking Alpha: Q4 2025 Earnings Call Transcript
• Negative Sentiment: Zacks placed BFLY on its Rank #5 (Strong Sell) list today, which can pressure sentiment and prompt short‑term selling by some quant and retail strategies. Zacks: New Strong Sell Stocks for February 27th
• Negative Sentiment: Profitability still weak: the company remains unprofitable with a very negative net margin and negative return on equity, underscoring execution and margin risks until scale or gross‑margin improvements materialize. MarketBeat: BFLY Stock Summary

Butterfly Network Company Profile

Butterfly Network, Inc is a medical technology company focused on democratizing access to diagnostic imaging through its proprietary ultrasound-on-chip platform. The company’s flagship device, the Butterfly iQ, leverages semiconductor technology to deliver whole-body ultrasound imaging in a handheld form factor. This portable system connects to a compatible smart device, enabling point-of-care scanning across a variety of clinical settings.

Beyond its hardware offering, Butterfly Network provides a cloud-based software suite that supports image storage, analysis and remote collaboration.