Rating Change
Canaccord Genuity analysts initiated coverage on Butterfly Network, Inc. (NYSE:BFLY) with a rating of Buy on October 12, 2026.
new coverageNYSE:BFLY
Canaccord Genuity Initiates Coverage on Butterfly Network, Inc. (BFLY) with Buy
Canaccord Genuity analysts initiated coverage on Butterfly Network, Inc. (NYSE:BFLY) with a rating of Buy on October 12, 2026.
At publication ·
What changed
Butterfly Network, Inc. (NYSE:BFLY) · new coverage
- Firm
- Canaccord Genuity
- Rating
- Buy
- Price at event
- $8.55
- Market capitalization
- $778.0M
At a glance
Key takeaways
- Canaccord Genuity initiated Buy coverage on Butterfly Network (BFLY) on October 12, 2026, as the stock trades at $8.55 with a $778.0M market cap.
Market Context
Butterfly Network, Inc. operates in the Healthcare sector. The stock currently trades at $8.55 with a market capitalization of $778.0M. The stock has gained 232.7% over the past 52 weeks.
Analyst coverage from Canaccord Genuity provides professional research and price targets that many institutional investors reference when making allocation decisions. The consensus of analyst opinions — along with the range of price targets — helps frame market expectations for Butterfly Network, Inc.
Analyst ratings and price targets are one input among many for investment decisions. Historical studies show that consensus analyst recommendations have mixed predictive power on their own, but significant changes in consensus — such as multiple upgrades or downgrades in a short period — can be more meaningful signals.
Recent Analyst Activity for Butterfly Network, Inc.
Among the 10 most recent ratings: 10 Buy, 0 Hold, 0 Sell.
| Date | Firm | Rating | Price Target |
|---|---|---|---|
| Oct 12, 2026 | Canaccord Genuity | Buy | N/A |
| Sep 29, 2026 | Evercore ISI Group | Outperform | N/A |
| Sep 22, 2026 | Needham | Buy | N/A |
| Sep 11, 2026 | TD Cowen | Buy | N/A |
| Feb 27, 2026 | TD Cowen | Buy | N/A |
Related Tools: Analyst Ratings Dashboard | View BFLY Stock Page
Frequently Asked Questions
What does the Buy rating mean for BFLY?
A rating of Buy from Canaccord Genuity reflects the analyst's outlook on Butterfly Network, Inc. (NYSE:BFLY). Analyst ratings are one factor investors consider alongside earnings, valuation, and sector trends.
Where can I find more analyst ratings?
Browse recent upgrades and downgrades on our Analyst Ratings Dashboard or the BFLY forecast page.
