Craig-Hallum lowered the firm’s price target on Butterfly Network (BFLY) to $2 from $3 and keeps a Buy rating on the shares following Q2 earnings, which were largely in line with expectations. The firm notes the stock declined following the print, reflecting investor disappointment with the reduced growth outlook. Craig-Hallum views the guide down as driven by macro issues at customers rather than platform or competitive concerns and maintains a positive long-term view.
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