What Does the Street Think About Butterfly Network (BFLY)?

Butterfly Network, Inc. (NYSE:BFLY) is one of the best strong buy stocks to invest in under $5. On January 21, Craig-Hallum lifted the price target on Butterfly Network, Inc. (NYSE:BFLY) to $5.25 from $3.25 while maintaining a Buy rating on the shares. The rating update followed the release of the company’s latest announcements, which included at least 17% year-over-year Q4 revenue growth, implying $26.2 million compared to the Street’s estimate of $25.7 million and the full year landing at $92.3 million. The firm attributed the majority of the growth to the core business, adding that some Q4 revenue did come from the Midjourney partnership.

In another development, Lake Street also reiterated a Buy rating on Butterfly Network, Inc. (NYSE:BFLY) on January 20 and raised the associated price target to $5.50 from $4. The firm anticipates investors from both inside and outside of healthcare to notice the “platform payoff” stemming from several advancing areas of the company’s business, and also expects multiple expansion this year.

Butterfly Network, Inc. (NYSE:BFLY) announced on January 12 that it expects to report at least 17% year-over-year revenue growth for the fourth quarter ended December 31, 2025, with the company entering 2026 with solid momentum and continued growth in its handheld ultrasound business.

Butterfly Network (NYSE:BFLY) is a digital health company specializing in transforming care through intuitive software, semiconductor-based ultrasound technology, services, and educational offerings. The company has two portable ultrasound devices on the market: the third-generation Butterfly iQ3 and the second-generation Butterfly iQ+. The Ultrasound-on-Chip technology powers both technologies, allowing them to undertake whole-body imaging on a single handheld probe through digital semiconductor technology.

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Disclosure: None. This article is originally published at Insider Monkey.