Butterfly Network Shares Surge 30% After Midjourney Scanner Launch
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: seekingalpha
- Stock Surge: Butterfly Network (BFLY) shares surged over 30% on Thursday morning, primarily driven by the launch of a full-body scanner by AI startup Midjourney, which utilizes the company's ultrasound-on-chip technology, marking a significant breakthrough in the medical device sector.
- Technological Innovation: The Midjourney Scanner represents the company's first hardware project, with CEO David Holz claiming it surpasses MRI technology in several aspects, and the ambitious goal of building a fleet of 50,000 scanners indicates their strong aspirations in medical imaging.
- Modular Design: The current prototype features 40 Butterfly ultrasound-on-chip imaging modules per system, with future iterations expected to incorporate a significantly higher number of modules, potentially transforming the landscape of medical imaging with enhanced capabilities and efficiency.
- Powerful Processing: The scanner is equipped with approximately half a million sensors scanning simultaneously and boasts over two petaflops of processing power, with CEO Joseph DeVivo highlighting its radiation-free, low-cost, and accessible nature, signaling a promising direction for future medical technology advancements.
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Analyst Views on BFLY
Wall Street analysts forecast BFLY stock price to fall
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 5.710
Low
4.00
Averages
4.25
High
4.50
Current: 5.710
Low
4.00
Averages
4.25
High
4.50
About BFLY
Butterfly Network, Inc. is a healthcare company focused on medical imaging with its Ultrasound-on-Chip semiconductor technology and ultrasound software solutions. The Company's solution, leveraging its Ultrasound-on-Chip technology, enables the practical application of ultrasound information into the clinical workflow. Its product portfolio includes a combination of hardware and software, including Butterfly iQ3, Butterfly iQ+, Butterfly iQ+ Bladder, and Butterfly iQ+ Vet devices, software subscriptions, and professional services. It offers cloud-based software solutions to healthcare systems, teleguidance, in-app educational tutorials as well as its ScanLab education-only app, formal education programs through its Butterfly Academy software and Butterfly Certified courses, as well as professional services for large scale deployments. Its devices are commercially available to trained healthcare practitioners in areas including, but not limited to, parts of Africa, Asia, and Australia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Multiple Companies Show Strong Stock Performance
- Butterfly Network Stock Surge: Butterfly Network's stock has risen 304% since publication, currently priced at $8.90, driven by the successful application of its Ultrasound-on-Chip technology and collaboration with Midjourney, with a full-body imaging system launch expected to boost market demand.
- Nuvectis Pharma Significant Progress: Nuvectis's NXP900 clinical program is advancing at top US hospitals, with a stock price increase of 104%, currently at $13.82, and preliminary data expected this summer, likely attracting investor interest.
- Trevi Therapeutics Clinical Trial Success: Trevi's Haduvio drug achieved positive results in the Phase 2b CORAL trial, with a stock price increase of 167%, currently at $17.21, and plans for two Phase 3 trials in 2026, indicating strong market potential.
- BrightSpring Health Service Growth: BrightSpring's stock has risen 291% since publication, currently priced at $66.25, as the company's operational and financial performance has drawn investor attention, with second-quarter results due in August, potentially revising 2026 revenue guidance upward.
See More
Butterfly Network Shares Surge 55.9% Amid Optimism
- Significant Price Surge: Butterfly Network's shares soared 55.9% in the last trading session, closing at $8.9, with trading volume significantly exceeding normal levels, indicating strong investor confidence in the company's prospects.
- Product Launch Driving Optimism: The surge in stock price is fueled by investor optimism surrounding the launch of Midjourney Medical and the Midjourney Scanner, a full-body tomographic imaging machine that incorporates 40 Butterfly Ultrasound-on-Chip imaging modules per system, highlighting the company's technological advancements in medical imaging.
- Positive Earnings Expectations: The company is expected to report a quarterly loss of $0.03 per share, reflecting a 50% year-over-year improvement, while revenues are projected to reach $28.1 million, up 20.2% from the previous year, showcasing the company's potential for revenue growth.
- Increased Market Attention: Although the consensus EPS estimate has remained unchanged over the past 30 days, the stock's continued rise suggests heightened market interest in Butterfly Network, prompting investors to closely monitor its future performance.
See More
Midjourney Unveils Medical Scanner Plans Amid Analyst Scrutiny
- Medical Scanner Plans: Midjourney has announced its plans to develop a medical scanner that aims to leverage advanced AI technology to enhance the accuracy and efficiency of medical imaging, which is expected to have a profound impact on the healthcare industry.
- Growth Potential Analysis: Analysts express optimism about Midjourney's growth potential, believing that its innovative technology could capture a significant share of the medical imaging market, driving future revenue growth for the company.
- FDA Regulatory Challenges: However, the FDA approval process may pose a major obstacle for Midjourney's product launch, with analysts noting that stringent regulatory requirements could delay market entry and impact the company's short-term performance.
- Reimbursement Risk Assessment: Additionally, the reimbursement policies for the medical scanner remain unclear, with analysts warning that a lack of clear reimbursement mechanisms could affect purchasing decisions by hospitals and healthcare institutions, potentially negatively impacting Midjourney's market acceptance.
See More
Midjourney Unveils New Full-Body Scanner Prototype
- Co-Development Success: Midjourney's new full-body scanner prototype integrates 40 Butterfly Ultrasound-on-Chip imaging modules, licensed under a co-development agreement that could yield Butterfly up to $74 million over five years, showcasing the significant potential of their partnership.
- Strong Market Reaction: Butterfly Networks (BFLY) shares surged 32% following Midjourney's equipment announcement, reaching a nearly four-year high and ranking among the top ten trending tickers on Stocktwits, reflecting strong investor interest in this innovative technology.
- Future Development Plans: Midjourney aims to establish a health facility named
See More
Butterfly Network Shares Surge 30% After Midjourney Scanner Launch
- Stock Surge: Butterfly Network (BFLY) shares surged over 30% on Thursday morning, primarily driven by the launch of a full-body scanner by AI startup Midjourney, which utilizes the company's ultrasound-on-chip technology, marking a significant breakthrough in the medical device sector.
- Technological Innovation: The Midjourney Scanner represents the company's first hardware project, with CEO David Holz claiming it surpasses MRI technology in several aspects, and the ambitious goal of building a fleet of 50,000 scanners indicates their strong aspirations in medical imaging.
- Modular Design: The current prototype features 40 Butterfly ultrasound-on-chip imaging modules per system, with future iterations expected to incorporate a significantly higher number of modules, potentially transforming the landscape of medical imaging with enhanced capabilities and efficiency.
- Powerful Processing: The scanner is equipped with approximately half a million sensors scanning simultaneously and boasts over two petaflops of processing power, with CEO Joseph DeVivo highlighting its radiation-free, low-cost, and accessible nature, signaling a promising direction for future medical technology advancements.
See More
Ventripoint Joins Global Congenital Heart Disease Alliance to Enhance Care Access
- Growing Market Demand: The 2026 World Heart Report indicates that congenital heart disease now affects approximately 16 million people globally, up from 11.8 million three decades ago, highlighting the urgent need for advanced diagnostic technologies, particularly in low-income regions.
- Technological Innovation: Ventripoint's VMS+™ platform utilizes artificial intelligence to convert standard 2D echocardiograms into highly accurate 3D heart models, delivering MRI-level measurement accuracy to address the limitations of traditional imaging techniques in complex anatomical structures.
- Global Collaboration: Ventripoint announced its support for the newly formed Global Congenital Heart Disease Alliance (GCHDA) and plans to provide four VMS+™ units to directly support congenital heart disease patients, thereby expanding access to advanced diagnostic care.
- Broad Market Prospects: The echocardiography market is projected to reach approximately $2.64 billion by 2030, positioning Ventripoint favorably in the rapidly growing medical technology sector, especially as AI-driven cardiac imaging technologies gain increasing attention.
See More
Multiple Companies Show Strong Stock Performance
- Butterfly Network Stock Surge: Butterfly Network's stock has risen 304% since publication, currently priced at $8.90, driven by the successful application of its Ultrasound-on-Chip technology and collaboration with Midjourney, with a full-body imaging system launch expected to boost market demand.
- Nuvectis Pharma Significant Progress: Nuvectis's NXP900 clinical program is advancing at top US hospitals, with a stock price increase of 104%, currently at $13.82, and preliminary data expected this summer, likely attracting investor interest.
- Trevi Therapeutics Clinical Trial Success: Trevi's Haduvio drug achieved positive results in the Phase 2b CORAL trial, with a stock price increase of 167%, currently at $17.21, and plans for two Phase 3 trials in 2026, indicating strong market potential.
- BrightSpring Health Service Growth: BrightSpring's stock has risen 291% since publication, currently priced at $66.25, as the company's operational and financial performance has drawn investor attention, with second-quarter results due in August, potentially revising 2026 revenue guidance upward.
See More
Butterfly Network Shares Surge 55.9% Amid Optimism
- Significant Price Surge: Butterfly Network's shares soared 55.9% in the last trading session, closing at $8.9, with trading volume significantly exceeding normal levels, indicating strong investor confidence in the company's prospects.
- Product Launch Driving Optimism: The surge in stock price is fueled by investor optimism surrounding the launch of Midjourney Medical and the Midjourney Scanner, a full-body tomographic imaging machine that incorporates 40 Butterfly Ultrasound-on-Chip imaging modules per system, highlighting the company's technological advancements in medical imaging.
- Positive Earnings Expectations: The company is expected to report a quarterly loss of $0.03 per share, reflecting a 50% year-over-year improvement, while revenues are projected to reach $28.1 million, up 20.2% from the previous year, showcasing the company's potential for revenue growth.
- Increased Market Attention: Although the consensus EPS estimate has remained unchanged over the past 30 days, the stock's continued rise suggests heightened market interest in Butterfly Network, prompting investors to closely monitor its future performance.
See More
Midjourney Unveils Medical Scanner Plans Amid Analyst Scrutiny
- Medical Scanner Plans: Midjourney has announced its plans to develop a medical scanner that aims to leverage advanced AI technology to enhance the accuracy and efficiency of medical imaging, which is expected to have a profound impact on the healthcare industry.
- Growth Potential Analysis: Analysts express optimism about Midjourney's growth potential, believing that its innovative technology could capture a significant share of the medical imaging market, driving future revenue growth for the company.
- FDA Regulatory Challenges: However, the FDA approval process may pose a major obstacle for Midjourney's product launch, with analysts noting that stringent regulatory requirements could delay market entry and impact the company's short-term performance.
- Reimbursement Risk Assessment: Additionally, the reimbursement policies for the medical scanner remain unclear, with analysts warning that a lack of clear reimbursement mechanisms could affect purchasing decisions by hospitals and healthcare institutions, potentially negatively impacting Midjourney's market acceptance.
See More
Midjourney Unveils New Full-Body Scanner Prototype
- Co-Development Success: Midjourney's new full-body scanner prototype integrates 40 Butterfly Ultrasound-on-Chip imaging modules, licensed under a co-development agreement that could yield Butterfly up to $74 million over five years, showcasing the significant potential of their partnership.
- Strong Market Reaction: Butterfly Networks (BFLY) shares surged 32% following Midjourney's equipment announcement, reaching a nearly four-year high and ranking among the top ten trending tickers on Stocktwits, reflecting strong investor interest in this innovative technology.
- Future Development Plans: Midjourney aims to establish a health facility named
See More
Butterfly Network Shares Surge 30% After Midjourney Scanner Launch
- Stock Surge: Butterfly Network (BFLY) shares surged over 30% on Thursday morning, primarily driven by the launch of a full-body scanner by AI startup Midjourney, which utilizes the company's ultrasound-on-chip technology, marking a significant breakthrough in the medical device sector.
- Technological Innovation: The Midjourney Scanner represents the company's first hardware project, with CEO David Holz claiming it surpasses MRI technology in several aspects, and the ambitious goal of building a fleet of 50,000 scanners indicates their strong aspirations in medical imaging.
- Modular Design: The current prototype features 40 Butterfly ultrasound-on-chip imaging modules per system, with future iterations expected to incorporate a significantly higher number of modules, potentially transforming the landscape of medical imaging with enhanced capabilities and efficiency.
- Powerful Processing: The scanner is equipped with approximately half a million sensors scanning simultaneously and boasts over two petaflops of processing power, with CEO Joseph DeVivo highlighting its radiation-free, low-cost, and accessible nature, signaling a promising direction for future medical technology advancements.
See More
Ventripoint Joins Global Congenital Heart Disease Alliance to Enhance Care Access
- Growing Market Demand: The 2026 World Heart Report indicates that congenital heart disease now affects approximately 16 million people globally, up from 11.8 million three decades ago, highlighting the urgent need for advanced diagnostic technologies, particularly in low-income regions.
- Technological Innovation: Ventripoint's VMS+™ platform utilizes artificial intelligence to convert standard 2D echocardiograms into highly accurate 3D heart models, delivering MRI-level measurement accuracy to address the limitations of traditional imaging techniques in complex anatomical structures.
- Global Collaboration: Ventripoint announced its support for the newly formed Global Congenital Heart Disease Alliance (GCHDA) and plans to provide four VMS+™ units to directly support congenital heart disease patients, thereby expanding access to advanced diagnostic care.
- Broad Market Prospects: The echocardiography market is projected to reach approximately $2.64 billion by 2030, positioning Ventripoint favorably in the rapidly growing medical technology sector, especially as AI-driven cardiac imaging technologies gain increasing attention.
See More
