Reported about 12 hours ago
Butterfly Network, Inc. (NYSE:BFLY) has shown significant growth, with Acadian Asset Management increasing its stake by 270.5%, now owning 1,598,552 shares valued at $3.6 million. The company reported record revenue in Q2, achieving an all-time high gross margin of 64% and announced a major partnership with a leading global health system. Analysts are optimistic, maintaining a 'Buy' rating with a price target of $3.50, driven by positive outcomes from the POCUS-CARE trial, indicating the potential cost-saving benefits of their iQ3 ultrasound device.
Source: YAHOO