Butterfly Network Is 'Pioneering Digital Ultrasound Market,' Analyst Says Undervalued Stock Could Rise With Growth Execution
William Blair initiated coverage on
The company reported a fourth-quarter adjusted loss of
Sales increased 35% year over year to
Product revenue was
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“Butterfly is pioneering the digital ultrasound market, democratizing access to imaging and expanding its total addressable market (TAM),” William Blair writes. “The valuation ascribes only some success in the core point-of-care and hospital markets, but with execution on growth objectives, we believe shares can rise meaningfully.”
Analyst
The William Blair analyst writes Butterfly’s homecare business has strong potential to boost revenue and expand market opportunities over the next 12 to 24 months.
While still in its early stages, the analyst sees it as a key growth driver that could become a multi-hundred-million-dollar business within five years. Despite this potential, the share price does not yet reflect these efforts.
Price Action: BFLY stock is up 2.05% at
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