TD Cowen Raises Butterfly Network Price Target to $6
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 27 2026
0mins
Should l Buy BFLY?
TD Cowen raised the firm's price target on Butterfly Network to $6 from $4.50 and keeps a Buy rating on the shares. The firm said they reported strng Q4 results and Butterfly Embedded should become a bigger part of the story and the stock price as the company supplements its core POCUS business with this new revenue stream, making it more tech than med tech.
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Analyst Views on BFLY
Wall Street analysts forecast BFLY stock price to rise
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 3.760
Low
4.00
Averages
4.25
High
4.50
Current: 3.760
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.
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- Market Potential: The AI medical imaging market is projected to reach nearly $20 billion by 2033, growing at a CAGR of 34.7%, indicating a rapid increase in demand for AI technologies in healthcare, which positions VentriPoint favorably for market share expansion.
- Echocardiography Growth: The echocardiography market is expected to grow to $2.64 billion by 2030, driven by hospitals' dual demand for economic value and clinical accuracy, making VentriPoint's VMS+™ system well-suited to meet this market need.
- Strategic Partnership: The commercial agreement between VentriPoint and LG Consulting Solutions will support the deployment of the VMS+™ system across Northern California, with LG providing economic analysis and clinical implementation support to help hospitals evaluate the economic and clinical value of VMS+™, thereby accelerating technology adoption.
- Demonstration Platform Development: LG Consulting Solutions will purchase a VMS+™ system as a demonstration platform to support hospital engagement, clinician training, and economic value assessments, which not only enhances cardiac care pathways but also presents potential revenue-sharing opportunities for VentriPoint.
See More
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- Market Potential: The AI medical imaging market is projected to reach nearly $20 billion by 2033, growing at a CAGR of 34.7%, indicating a rapid increase in demand for AI technologies in healthcare, significantly enhancing VentriPoint's market opportunities.
- Echocardiography Growth: The echocardiography market is expected to grow to $2.64 billion by 2030, driven by hospitals' demand for economic value alongside clinical accuracy, positioning VentriPoint's VMS+™ system to meet this critical need.
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- Demonstration Platform Development: LG Consulting Solutions will purchase a VMS+™ system as a demonstration platform aimed at supporting hospital engagement, clinician training, and economic value assessments, thereby accelerating the adoption of new medical technologies.
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- Price Target Increase: TD Cowen raised Butterfly Network's price target from $4.50 to $6 while maintaining a Buy rating, reflecting market confidence in the company's future growth potential.
- Strong Earnings Report: Butterfly Network reported an adjusted EPS of 2 cents for Q4, falling short of the consensus estimate of 6 cents, indicating a need for improvement in profitability.
- New Revenue Stream: The company anticipates that Butterfly Embedded will become a significant part of future growth, as it supplements its core POCUS business, potentially driving stock price appreciation and marking a shift towards a more tech-oriented focus.
- Optimistic Future Outlook: Butterfly Network projects FY26 revenue between $117 million and $121 million, exceeding the consensus of $110.62 million, showcasing the company's competitive edge and growth potential in the market.
See More
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- Significant Revenue Growth: Butterfly Network reported fourth-quarter revenue of $31.5 million, a 41% year-over-year increase, achieving positive operating cash flow for the first time, primarily driven by upfront payments from the Midjourney partnership, demonstrating successful execution of its strategic growth plan.
- Product Launch Impact: The launch of Compass AI has provided a substantial tailwind for the enterprise strategy, with over 50% growth in the enterprise pipeline since its release, indicating meaningful progress in the company's transformation into a semiconductor-based ultrasound platform.
- Optimistic Future Outlook: The company projects first-quarter 2026 revenue between $24 million and $28 million, with full-year revenue expected to range from $117 million to $121 million, reflecting a growth rate of approximately 20% to 24%, showcasing management's confidence in future growth.
- Diversified Market Opportunities: Management noted that the HomeCare business is expected to enter its commercial phase in 2026, potentially generating $40 million to $50 million in revenue, further enhancing the company's competitive position and diversifying its revenue streams.
See More
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- Company Earnings: Hormel Foods Corp (NYSE:HRL) reported mixed Q1 FY26 results, with adjusted EPS of 34 cents beating the 32 cents consensus, but sales of $3.03 billion missed the $3.07 billion estimate, reflecting sales challenges faced by the company.
- Sector Performance: Energy shares gained 1%, while information technology stocks fell by 2.6%, indicating varied market reactions across sectors that may influence investor asset allocation strategies.
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