Published on 5 Mar 2024 on Zacks via Yahoo Finance

Are Medical Stocks Lagging Butterfly Network (BFLY) This Year?

The Medical group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Butterfly Network, Inc. (BFLY) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Butterfly Network, Inc. is one of 1067 companies in the Medical group. The Medical group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Butterfly Network, Inc. is currently sporting a Zacks Rank of #2 (Buy).