TD Cowen Forecasts Strong Price Appreciation for Butterfly Network (NYSE:BFLY) Stock

Butterfly Network (NYSE:BFLY) had its price objective upped by investment analysts at TD Cowen from $4.50 to $6.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price target points to a potential upside of 58.60% from the stock’s previous close.

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

Butterfly Network Trading Down 19.0%

Shares of BFLY stock opened at $3.78 on Friday. The firm has a fifty day simple moving average of $3.82 and a two-hundred day simple moving average of $2.79. Butterfly Network has a 12 month low of $1.32 and a 12 month high of $5.03. The firm has a market capitalization of $955.59 million, a PE ratio of -12.20 and a beta of 2.27.

Butterfly Network (NYSE:BFLY) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. Butterfly Network had a negative net margin of 78.95% and a negative return on equity of 32.05%. The firm had revenue of $31.51 million during the quarter, compared to analysts’ expectations of $26.25 million. On average, equities analysts predict that Butterfly Network will post -0.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Butterfly Network news, Director Jonathan M. Rothberg sold 769,327 shares of the company’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $3.27, for a total value of $2,515,699.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 4,725,727 shares of company stock valued at $16,172,849 over the last 90 days. 25.18% of the stock is currently owned by insiders.

Institutional Trading of Butterfly Network

Large investors have recently added to or reduced their stakes in the stock. Invesco Ltd. bought a new stake in Butterfly Network in the first quarter worth about $85,000. Goldman Sachs Group Inc. raised its holdings in shares of Butterfly Network by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 756,426 shares of the company’s stock worth $1,725,000 after purchasing an additional 29,958 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Butterfly Network in the second quarter valued at approximately $25,000. Teacher Retirement System of Texas grew its holdings in Butterfly Network by 45.2% during the second quarter. Teacher Retirement System of Texas now owns 27,811 shares of the company’s stock valued at $56,000 after purchasing an additional 8,657 shares during the period. Finally, Levin Capital Strategies L.P. grew its holdings in Butterfly Network by 16.7% during the second quarter. Levin Capital Strategies L.P. now owns 70,000 shares of the company’s stock valued at $140,000 after purchasing an additional 10,000 shares during the period. Hedge funds and other institutional investors own 37.85% of the company’s stock.

Butterfly Network News Summary

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

• Positive Sentiment: TD Cowen raised its price target to $6.00 and reiterated a “buy” rating, signaling material upside vs. the current level and providing broker support for the stock. TD Cowen Raises PT to $6
• Positive Sentiment: Q4 results beat expectations: revenue of $31.5M topped consensus and EPS loss was smaller than forecast, while commentary and press materials highlighted record revenue growth. These results underpin the revenue-outperformance narrative. Q4 Highlights
• Positive Sentiment: Management issued FY2026 revenue guidance ($117M–$121M) above Street consensus (~$108.5M), which is a key near-term growth guidepost for investors watching topline momentum.
• Positive Sentiment: Unusually large options activity—over 10,000 call contracts bought—indicates speculative or institutional bullish positioning that could amplify upside on positive follow-through.
• Positive Sentiment: Industry/strategy write-ups emphasize Butterfly’s semiconductor-based ultrasound plus AI (Compass) as a long-term competitive differentiator if execution scales, supporting a multi-quarter growth thesis. Seeking Alpha: Ultrasound-On-Chip
• Neutral Sentiment: The full Q4 earnings call transcript and BusinessWire release provide more color on margin dynamics and product adoption; useful for confirming management cadence but not immediately market-moving on their own. Earnings Call Transcript Press Release
• Negative Sentiment: Zacks added BFLY to its Rank #5 (Strong Sell) list today, a clear near-term negative that can trigger selling pressure from algorithmic and momentum-driven funds. Zacks Rank #5
• Negative Sentiment: Company remains unprofitable (large negative net margin and negative ROE), which keeps multiples constrained and makes the stock sensitive to any miss in profitability or guidance cadence. Q4 Loss / Margin Detail

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.