Berkshire Hathaway Inc. (BRK.B: NYE), the investment conglomerate led by legendary investor Warren Buffett, reported solid operating earnings for the fourth quarter of 2023, despite a year-over-year decline.
Stock Target Advisor’s Take on Berkshire Hathaway:
Stock Target Advisor recommends a Slightly Bullish rating for Berkshire Hathaway, without any target price, implying no projected price change over the next 12 months. 2 analysts covering the stock, both rate it a ‘Hold’, with an average target price of $350. This unanimous agreement indicates that the stock may maintain a stable price trajectory ahead.
The Diversified Insurance sector‘s average analyst rating stands as ‘Buy’; however, the Stock Target Advisor leans towards a slightly bearish stance. The sector witnessed a recent return of 3.99% over a month and 2.11% over a week.
Key points From Berkshire Hathaway’s Q4 Report:
Here are the key points from Berkshire Hathaway’s Q4 report:
- Operating earnings: $6.7 billion, down 7.9% year-over-year but exceeding analyst expectations.
- Revenue: Not explicitly disclosed for Q4, but full-year 2023 revenue figures are expected to be released in the company’s annual report.
- Bright spots: Increased earnings in Utilities and Energy, other controlled businesses, and non-controlled businesses.
Conclusion:
Investors are eagerly awaiting the release of Berkshire Hathaway’s annual report, which will provide a more comprehensive picture of the company’s full-year performance and insights from Warren Buffett’s annual letter to shareholders.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
