B.Riley Financial analyst Neil Chatterji maintained a Buy rating on Butterfly Network (BFLY – Research Report) today and set a price target of $7.50. The company’s shares opened today at $2.45.
Chatterji covers the Healthcare sector, focusing on stocks such as ClearPoint Neuro, Establishment Labs Holdings, and Butterfly Network. According to TipRanks, Chatterji has an average return of 0.5% and a 56.25% success rate on recommended stocks.
Butterfly Network has an analyst consensus of Strong Buy, with a price target consensus of $5.06.
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BFLY market cap is currently $494.4M and has a P/E ratio of -2.88.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BFLY in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Longview Acquisition Corp is a blank check company.
Read More on BFLY:
- ‘Too Cheap to Ignore’: Cathie Wood Snaps Up These 2 Stocks Under $5
- Cathie Wood Steps Up Butterfly Network Purchases
- Butterfly Network Takes Wings on Green Light for AI-Powered Lung Diseases Solution
- Butterfly Network announces FDA-cleared AI-enabled lung tool
- Butterfly Network initiated with a Neutral at UBS
