Weekly Analysts’ Ratings Changes for Butterfly Network (BFLY)

Several analysts have recently updated their ratings and price targets for Butterfly Network (NYSE: BFLY):

• 9/29/2026 – Butterfly Network is now covered by Evercore Inc. They set an “outperform” rating and a $15.00 price target on the stock.
• 9/29/2026 – Butterfly Network is now covered by Evercore Inc. They set an “outperform” rating and a $15.00 price target on the stock.
• 9/29/2026 – Butterfly Network was upgraded by Evercore Inc to “strong-buy”.
• 9/22/2026 – Butterfly Network is now covered by Needham & Company LLC. They set a “buy” rating and a $10.00 price target on the stock.
• 9/22/2026 – Butterfly Network is now covered by Needham & Company LLC. They set a “buy” rating and a $10.00 price target on the stock.
• 9/11/2026 – Butterfly Network had its “buy” rating reaffirmed by TD Cowen. They now have a $10.00 price target on the stock.

Insiders Place Their Bets

In related news, Director Louise Phanstiel bought 115,200 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average cost of $8.68 per share, for a total transaction of $999,936.00. Following the completion of the transaction, the director owned 300,461 shares of the company’s stock, valued at approximately $2,608,001.48. The trade was a 62.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan M. Rothberg sold 1,195,857 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $6.60, for a total value of $7,892,656.20. Following the transaction, the director owned 54,143 shares in the company, valued at approximately $357,343.80. The trade was a 95.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,708,246 shares of company stock valued at $31,950,688 in the last quarter. 21.99% of the stock is currently owned by company insiders.

Butterfly Network, Inc develops portable ultrasound technology designed to make medical imaging more accessible across a range of clinical settings. The company’s systems use semiconductor-based ultrasound technology integrated into compact, handheld probes that connect with compatible mobile devices, allowing clinicians to capture and review images at the point of care.

Its product portfolio includes the Butterfly iQ family of handheld ultrasound devices, including the iQ+ and iQ3 systems, along with cloud-based software and artificial-intelligence tools for image management, clinical workflows, education and collaboration.