BFLY prices predicted.
8/3/2025 10:06pm
The price of BFLY (Butterfly Network) is predicted to trend bearishly in the near term. Here's a detailed analysis:
1. **Current Price Trend**: On August 1, 2025, BFLY's closing price was $1.4, which is below the wide support level of $1.92 and between the narrow support level of $2.1 and the wide resistance level of $2.45. The current price trend is considered bearish.
2. **Forecast Price Trend**: The forecast for BFLY's price trend is bearish, with a sell advice. The stock's historical win rate for this type of forecast is 53.74%, indicating it has a moderate likelihood of following the predicted trend.
3. **Price Forecast**: The price of BFLY is forecasted to fluctuate between $1.62 and $1.73 over the next few days, with a mean forecast price of $1.69 on August 4, 2025. This suggests a slight uptick in price but still within the bearish trend.
4. **Analyst Opinion**: The average price target set by analysts for BFLY is $3.5, with a consensus rating of "Strong Buy". However, this target is significantly higher than the current trading price, indicating a potential upside. But, given the bearish forecast and the stock's recent performance, it's important to consider that analyst opinions may not immediately align with market movements.
In conclusion, while there is potential for an uptick in BFLY's price based on analyst opinions, the forecast and current trend suggest that the stock is likely to continue its bearish trajectory in the short term. Investors should exercise caution and consider these factors when making investment decisions.