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Butterfly Network Signs Licensing Deal with Midjourney

Story Highlights
  • Butterfly Network entered a licensing agreement with Midjourney for ultrasound technology.
  • Midjourney will pay Butterfly $15 million upfront and $10 million annually for five years.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Butterfly Network Signs Licensing Deal with Midjourney

TipRanks Cyber Monday Sale

Butterfly Network ( (BFLY) ) just unveiled an announcement.

On November 17, 2025, Butterfly Network, Inc. entered into a Co-Development and Licensing Agreement with Midjourney, Inc. This agreement grants Midjourney an exclusive license to use Butterfly’s ultrasound-on-chip technology for a specified field of use. Midjourney will pay Butterfly a one-time fee of $15 million and an annual license fee of $10 million, with additional payments possible upon reaching certain milestones. The agreement, which lasts five years, includes confidentiality and intellectual property provisions, and allows Midjourney to upgrade its license under certain conditions.

The most recent analyst rating on (BFLY) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Butterfly Network stock, see the BFLY Stock Forecast page.

Spark’s Take on BFLY Stock

According to Spark, TipRanks’ AI Analyst, BFLY is a Neutral.

Butterfly Network’s overall stock score reflects significant financial challenges, with negative profitability and cash flow issues being the most impactful factors. Technical analysis shows some positive momentum, while valuation remains unattractive due to a negative P/E ratio. The earnings call provides a mixed outlook with strategic initiatives offering potential future growth, but macroeconomic challenges and operational inefficiencies pose risks.

To see Spark’s full report on BFLY stock, click here.

More about Butterfly Network

Butterfly Network, Inc. operates in the medical technology industry, focusing on semiconductor-based ultrasound technology. The company offers ultrasound-on-chip technology, software, and backend solutions, aiming to innovate in medical imaging.

Average Trading Volume: 5,795,658

Technical Sentiment Signal: Sell

Current Market Cap: $535.5M

For an in-depth examination of BFLY stock, go to TipRanks’ Overview page.

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