In a report released today, Neil Chatterji from B.Riley Financial maintained a Buy rating on Butterfly Network (BFLY – Research Report), with a price target of $4.00. The company’s shares closed yesterday at $2.45.
According to TipRanks, Chatterji is a 4-star analyst with an average return of 9.8% and a 46.30% success rate. Chatterji covers the Healthcare sector, focusing on stocks such as Silk Road Medical, Stereotaxis, and OptimizeRx.
Butterfly Network has an analyst consensus of Moderate Buy, with a price target consensus of $4.00.
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Based on Butterfly Network’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $15.48 million and a GAAP net loss of $33.54 million. In comparison, last year the company earned a revenue of $15.57 million and had a GAAP net loss of $44.48 million
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