BFLY Finding New Support Level

112
Butterfly Network Inc. BFLY
Current Price $13.27 Price Target $20
BFLY $10c 10/15 ($390,4% till breakeven)
BFLY has created a handheld ultrasound which can be sold for as low as $2,000 cutting the average price by 90%. This company is young but it is less speculative than most early-stage disruptive companies as BFLY is already selling its product. Given their low barrier to entry and existing product they expect to grow revenue at over 60% for the next four years. This is a long-term hold and you have to believe in the product and the management if you are to invest. However, this pullback may be the best valuation to capture this company's future growth, which is less of an if and more of a when.Butterfly Networks is confirming a new trading range with support at $12.80 which I do expect to hold.

Clause de non-responsabilité

Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.