BFLY Should I Buy
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Butterfly Network Inc. (BFLY) does not currently present a strong buying opportunity for a beginner, long-term investor with $50,000-$100,000 to invest. The technical indicators suggest a bearish trend, and while there are positive catalysts such as certifications and analyst upgrades, the company's financial performance remains weak, and no strong trading signals are present.
The MACD is negatively expanding (-0.139), indicating a bearish momentum. RSI at 21.659 is in the oversold territory, but not signaling a reversal. Moving averages are converging, suggesting indecision in the market. Key support levels are at 3.13 and 2.843, with resistance at 4.058 and 4.345. The stock is trading below the pivot point of 3.594, indicating downward pressure.
Recent GovRAMP and TX-RAMP certifications enable Butterfly Network to sell cloud services to government agencies, with plans for further certifications like FedRAMP and HITRUST CSF r2 in
Analysts have raised price targets significantly, citing strong revenue growth and platform expansion.
Q4 revenue growth of at least 17% YoY, driven by core business and partnerships.
Regular market change of -7.01% and post-market decline of -0.16% indicate weak investor sentiment.
Gross margin dropped significantly (-129.38% YoY), reflecting operational inefficiencies.
No significant hedge fund or insider trading activity, suggesting lack of strong institutional confidence.
In Q3 2025, revenue increased by 4.51% YoY to $21.49M, and net income improved by 100.73% YoY but remains negative at -$33.97M. EPS improved by 62.50% YoY to -0.13. However, gross margin dropped significantly to -17.48%, indicating operational challenges.
Analysts have a positive outlook on BFLY, with multiple Buy ratings and raised price targets (e.g., Craig-Hallum raised to $5.25, Lake Street to $5.50). Analysts highlight strong revenue growth and platform expansion as key drivers for the upgrades.
