Up nearly 30% year-to-date! Berkshire Hathaway (BRK., BRK. is about to enter the "trillion-dollar club"
Berkshire Hathaway (BRK., with a market value close to USD 993 billion, is expected to soon enter the trillion-dollar market value club. The company's stock price has risen by 29.2% this year, and rose by 1.4% on Tuesday, closing at USD 460.63 per share. This milestone will make Berkshire Hathaway the eighth company in the United States and the ninth company globally to have a market value exceeding one trillion dollars. The market generally has a positive outlook on its prospects, with a "buy" rating
According to the Zhitong Finance and Economics APP, as the stock price continues to rise, "Stock God" Buffett's Berkshire Hathaway (BRK.A.US) (BRK.B.US) is about to enter the $1 trillion market value club. As of the close on Tuesday, the company's market value is close to $993 billion.
On Tuesday, Berkshire Hathaway Class B shares rose by 1.7% at one point, closing at $460.63 per share, up 1.4%. The stock has risen by 29.2% this year, and since the last financial report was released, the stock price of this investment giant has risen by 7.5%.
If its market value reaches $1 trillion, it will become the eighth company in the United States and the ninth company globally to reach this milestone.
Currently, companies with a market value of over $1 trillion include Apple (AAPL.US), Microsoft (MSFT.US), NVIDIA (NVDA.US), Google (GOOGL.US), Amazon (AMZN.US), Meta (META.US), and Saudi Aramco. Tesla (TSLA.US) joined this club in 2021, but its market value subsequently fell sharply to $668.35 billion.
Wall Street is also optimistic about the future of Berkshire Hathaway, with a consensus rating of "Buy".
Daniel Jones, the Investing Group Leader, believes that Berkshire Hathaway is attractive to value-oriented long-term investors. "Although the stock price may not be the cheapest, you are expected to pay a premium for such a high-quality company."