Butterfly Network (BFLY) saw its one-year price target bumped up to $3.65—a solid 13.16% jump from November's $3.23 call. That puts the upside at 72.40% from the current $2.12 trading level, with analyst targets ranging between $3.28-$4.20.
Institutional interest is heating up: 289 funds now hold positions (+17.48% last quarter), though total shares dipped 6.80% to 125.3M. The put/call ratio sits at 0.08, screaming bullish. Big holders like Fosun International (4.74%) and Glenview Capital (4.40%) haven't budged, but ARK trimmed exposure—ARKG cut allocation by 32.62%, while ARK Investment Management pared back 24.96%. Mixed signals, but the revised targets suggest Street is warming up to the story.
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Butterfly Network (BFLY) saw its one-year price target bumped up to $3.65—a solid 13.16% jump from November's $3.23 call. That puts the upside at 72.40% from the current $2.12 trading level, with analyst targets ranging between $3.28-$4.20.
Institutional interest is heating up: 289 funds now hold positions (+17.48% last quarter), though total shares dipped 6.80% to 125.3M. The put/call ratio sits at 0.08, screaming bullish. Big holders like Fosun International (4.74%) and Glenview Capital (4.40%) haven't budged, but ARK trimmed exposure—ARKG cut allocation by 32.62%, while ARK Investment Management pared back 24.96%. Mixed signals, but the revised targets suggest Street is warming up to the story.