From Nasdaq: 2024-06-03 09:58:08

Berkshire Hathaway (BRK.B) consistently outperforms the S&P 500 with a diversified portfolio that includes Apple, Occidental Petroleum, American Express, and Coca-Cola. Warren Buffett’s investment prowess has driven the stock to surge nearly 1,700% in the last 30 years, outperforming the S&P 500 by 460%.

Berkshire Hathaway’s Q1 2024 results showed an operating profit of $11.22 billion, up 39% year over year. The conglomerate’s cash balance increased to $188.99 billion, signaling caution in a potentially overvalued market. Berkshire Hathaway trimmed its Apple stake, but remains the largest shareholder, while preparing for strategic acquisitions in companies with a competitive edge.

Analysts view Berkshire Hathaway stock favorably, with Argus Research upgrading it to a “Buy,” setting a 12-month target price of $480, a 15% increase. The average target price of $490 implies an 18.2% upside potential. Berkshire stock trades at a reasonable valuation, with analysts forecasting 23.3% annual earnings growth over the next five years.



Read more at Nasdaq: Is This the Best Warren Buffett Stock You Can Buy Right Now?