Warren Buffett's Berkshire Hathaway Stock Looks Attractive After Recent Dip, Apple Rally Boosts Book Value
Portfolio Pulse from Benzinga Neuro
Berkshire Hathaway's stock has become more attractive after a recent dip in price and a surge in book value, driven by a rally in Apple shares. Despite a 1.1% drop in Class A shares, both Class A and Class B shares have outperformed the S&P 500 this year. Analyst Cathy Seifert has raised her earnings estimates for Berkshire and set a price target of $472 for Class B shares. The increase in Apple shares, which make up 40% of Berkshire's equity portfolio, has significantly boosted Berkshire's shareholder equity.
May 29, 2024 | 6:28 am
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POSITIVE IMPACT
Apple's recent rally has significantly boosted Berkshire Hathaway's book value and shareholder equity, as Apple constitutes about 40% of Berkshire's equity portfolio.
Apple's significant share in Berkshire Hathaway's portfolio has led to a notable increase in Berkshire's book value and shareholder equity, positively impacting both companies.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Berkshire Hathaway's stock has become more appealing due to a recent dip in price and a surge in book value, driven by a rally in Apple shares. Analyst Cathy Seifert has raised her earnings estimates and set a price target of $472 for Class B shares.
The recent dip in Berkshire Hathaway's stock price, combined with a surge in book value driven by Apple's rally, makes the stock more attractive. Analyst Cathy Seifert's raised earnings estimates and price target further support a positive short-term outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100