In a report released today, Suraj Kalia from Oppenheimer maintained a Buy rating on Butterfly Network (BFLY – Research Report), with a price target of $3.75. The company’s shares closed yesterday at $1.48.
According to TipRanks, Kalia is a 4-star analyst with an average return of 6.7% and a 53.13% success rate. Kalia covers the Healthcare sector, focusing on stocks such as Edwards Lifesciences, Resmed, and Atricure.
Butterfly Network has an analyst consensus of Moderate Buy, with a price target consensus of $3.38, implying a 128.38% upside from current levels. In a report released today, TD Cowen also assigned a Buy rating to the stock with a $3.00 price target.
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Based on Butterfly Network’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $15.42 million and a GAAP net loss of $27.37 million. In comparison, last year the company earned a revenue of $19.62 million and had a GAAP net loss of $54.74 million
Based on the recent corporate insider activity of 30 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.
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Butterfly Network (BFLY) Company Description:
Longview Acquisition Corp is a blank check company.
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