Butterfly Network price target raised to $5.50 from $4 at Lake Street

Lake Street analyst Ben Haynor raised the firm’s price target on Butterfly Network (BFLY) to $5.50 from $4 and keeps a Buy rating on the shares. The firm, which expects investors both inside and outside of healthcare to notice the “platform payoff” from multiple areas of the company’s business becoming more evident, anticipates multiple expansion this year, the analyst says in support of the firm’s raised price target