Berkshire Hathaway stock trading above 50-day SMA, analysts bullish on future potential

From Zacks Investment Research: 2024-12-20 11:18:20

Shares of Berkshire Hathaway Inc. (BRK.B) are trading above its 50-day SMA, indicating a bullish trend. With a market cap of over $986.6 billion, the stock has an average trading volume of 3.7 million shares. BRK.B has outperformed the industry, sector, and S&P 500 with a YTD rally of 26.4%. Analysts project a 11.2% upside with an average target price of $496.50 per share. Berkshire’s insurance business contributes 40% to its earnings, but catastrophe losses and rate cuts impact profitability. Despite stretched valuations, optimistic analyst sentiment and Warren Buffett’s leadership make BRK.B a buy.



Read more at Zacks Investment Research: Berkshire Hathaway Trades Above 50-Day SMA: What to Do With the Stock? – December 20, 2024