Alex Wong
Warren Buffett’s Berkshire Hathaway Inc.New York: BRK.B) (New York: BRK.A) is slowly heading toward joining the trillion-dollar club, with its market cap hitting nearly $993 billion on Tuesday.
Berkshire (BRK.B) shares rose. By 1.7% Tuesday before the end 1.4% higher Priced at $460.63 Each has its own stock. He got 29.2% This year, it is 7.5% increase Since the last time the investment giant worked Earnings Report.
If its market value reaches $1 trillion, it would make it the eighth American company ever to reach that figure, and the ninth globally.
The trillion-dollar club currently includes Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), Alphabet (GOOG) (GOOGL), Amazon (AMZN), Meta (META), and Saudi Aramco (ARMCO). Tesla (TSLA) joined the club in 2021, but its market cap has since fallen significantly to $668.35 billion.
Berkshire (BRK.B) is rated positively by Wall Street, with analysts on average rating the stock a Buy. Seeking Alpha Quant rates the stock a Strong Buy.
Daniel Jones, head of investment group Berkshire (BRK.B), believes that Berkshire (BRK.B) is attractive to long-term, value-oriented investors. “While the stock may not be the cheapest, you would expect to pay a premium for such a high-quality company,” he said.
On the other hand, REITer’s Digest is neutral on the stock, given its rapid rise over the past two months and the company’s expanding valuation.
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